J_Graystone
Short

USDCAD Trend Continuation Move on the 60 Min Chart

FX:USDCAD   U.S. Dollar / Canadian Dollar
879 5 20
As with many markets at the moment, we seem to be seeing a relief or potential trend reversal as previous structure levels are being violated.

Looking at this pair, We have just seen a Lower Low, Lower Close so following this recent pull back, we can look to jump on the trend continuation move.
Previous support should become resistance which lines up with a 618 retracement , a 1618 inversion and a 127 extension.

For anyone that trades advanced patterns, there is a Bat pattern up at 1.4279 depending on your X leg.

Good Luck.
Great entry.
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GoodLuckbabe IvanLabrie
snapshot
if wee see break up today then correction it will convince me to hold for long entry currently waiting for breakout very nice setup thanks for sharing regards brothers
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Nice pick! RSI hidden bearish divergence with structure and a Pattern! Great one! :D
+1 Reply
J_Graystone PRO morshedul.sazid
Nice trade
+1 Reply
morshedul.sazid J_Graystone
thats what I call a head shot!
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