Took a long position when price was at the low Bollinger Band H4. Stochastic and RSI were also oversold. A tight constrict Bollinger Band means price could easily move to the top Bollinger Band on this timeframe.
If price breaks and close above the top Bollinger Band, lock your profits or take some of your profits at 1.3048. Our second target will be at 1.3150. Price will then retrace to make a move to 1.3350 if all goes well.
Just my 2 cents. Happy pipping :)
Trade active
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Trade active
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Trade active
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Becareful of Cad news coming soon tonight Singaporean time.
Trade closed manually
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1.3048 holds as very strong resistance. Good trade, had to take some profits. Almost a 1:1 risk to reward ratio nonetheless.
Whoever are still holding this trade however can put a tight SL.
Happy Weekend :)
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So the market listens according to our analysis. Good job and well done.
Credit to my guru: Oma Ally
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So the market listens according to our analysis. Good job and well done.
Sorry for the above comment, trying to post it once again on the Usd/Cad's progress.
Almost to TP 1.3350. Will see.