We are in an Upward Channel and the Smart money just moved price back into to the Main trend to show interest as the daily Bearish Divergence Perished. However some seller's are waiting to take the sell Pullback at Fibo Levels. If they get Trap and stopped above the 100% Fibo, then i click the button and aim for the completion of ABCD pattern.
BIG IF
However if price action Goes their favour then i'll scalp the small TF and grab some movements as well..
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Still On stanby
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How you like price movement in Just one hour hehe???. The price action tells a story and it's always good to listen rather than stick to one opinion. Boc interest rate was Maintained at 1.75%, causing this quick money However it all line up with the story.
Trade closed: target reached
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At the Top of the Channel. STF trade closed. HTF still on
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Expecting some Minor correction.
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One
Trade closed: target reached
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2 in 1 Who is else is making pips? Swing still ON.
Trade closed: target reached
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USDCAD Reaches a 1 Year high. Bravo, Completed the ABCD. Now there should be some correction.
Its gonna be a sell especially with the dollar forcasting to decline at 2019
Dansa_Inc
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Thanks for your @Jamal92,
But the price action will tell.
Jamal92
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@Dansalis, Bank of canada was dovish and that led to US strenght on CAD.
Dansa_Inc
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@Jamal92,
The Decision of BoC was just maintained at 1.75%.
I hope you are not still holding your short:)
Jamal92
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@Dansalis, I am a swing trader so my short was at 1.33 my SL is 1.37 my target is 1.26. Pretty bummed that the meeting was very dovish.
Dansa_Inc
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Good one, @Jamal92,
swing is the best.
At 1.35 to 1.37, if PA tell more, i will join the short:)
Jamal92
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@Dansalis, I see what your saying. I am expecting a pullback in the coming days, maybe around the upcoming Monday. Due to DXY tending to drop around those times historically/seasonality. Good luck and congratz on the profits bro may it continue.