FX:USDCAD   U.S. Dollar / Canadian Dollar
345 4 10
ABCD FAILED TO MAKE A NEW HH
SHOWING WEAK BULLS
I WANT A CLEAR BREAK AND CLOSE BELOW TRENDLINE BEFORE ENTERING
IF YOU WANTED TO SIT OUT FOR NOW WAIT FOR PRICE ACTION NOT ONLY AROUND THE TRENDLINE BUT
AROUND MONTHLY SUP OF 1.2830 BREAK OF THIS AND IL BE ADDING SHORTS
FIB LEVELS SHOW A C EXTENSION BUT NOT ON THE CHART BECAUSE THERE WOULD BE LINES EVERYWHERE
GOOD RR
WAIT FOR THE BREAK AND CLOSE BECAUSE IF WE SEE PLENTY OF REJECTION AROUND THE TRENDLINE THEN IT WILL BE A GOOD ENTRY FOR A LONG :)
DONT JUMP THE GUN
Comment: NOT entered yet as I said in my description we have bounced off this trendline
Comment: Turns out it was great entry for a long :)
even though we didn't get the break out great respected levels love it
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+1 Reply
Nice analysis mate
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How you should of traded this pair :)
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