for now i will remain bullish on ucad until we reach a 38.2 retracement. if price consolidates we can go long for another impulse. once we get into the boxed zone we can expect strong resistance. ucad has been going up very weakly so we bulls are not too strong here and we could see a selloff at 38.2%. if price cant break my boxed zone i will go short. and these will be my target. sl either the high or 10 pips above. i will see how structure continues to develop for the final selloff signal
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charts arent zoomed correctly. zoom them out to see full idea.
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we are getting a buy setup
Trade active
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bought the breakout
Trade active
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this is it. bounce or die. waiting for 5th wave completion. hoping to trade it up. buy the breakout still is a good idea. check lower tf for betrter trendline
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btw 133.500 is target tp level and is target sell zone for the double abcd completion at that price
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prince125700
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at which price buy open and SL?
DAVID_GIRALDO
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buy opens when price breaks out of 1hr/4hr trendline. sl is my usual, at the recent low
DAVID_GIRALDO
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buy the breakout i updated. look on lower tf like 1hr or 4hr. to buy from the bottom you must be more expierienced. i bought. and have no sl as my sl here is structure and price action. if i see price making bearish impulse, i get out. i expect a bull impulse from here