Recently found this great trading opportunity in USD/CAD 1H, where Market is retracing after a good uptrend. The idea is, that we're looking for a market over extension at a 1.618 Fib. Inversion, in expectation that we're gonna see a move back into trend after price reach that level. Which happen to be at the same area with an ABCD pattern completion and a support level looking left.
And just as I've told you in my previous update, ahead of The Fed Statement like now, when we can expect volatility to increase trade with beautiful R/R ratio like this is a really good way to approach the market. If you do this consistently guys, you'll see the positive result over the long run.
That's it for today guys. I hope this one is beneficial. God Bless. Fedro