davidjulien369

Long trade USDCAD

Long
davidjulien369 Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
www.tradingview...chart/oMF0sdyu/?symbol=OAN...

Observe the demand level and Breakout of Support (BOS) at new demand level. I anticpate assumed levels of 1.33265 to 1.33798 for a potential retest of this zone. Once identified, consider entering the market from the pullback or retracement.

Continuation of trade since Dec 2023
Comment:
1.34033 good support level for this event...?
Trade active:
Comment:
1.33783 and not 1.33265 (Error)
Trade active:

Support level held 1.34033 (test)
Trade active:
Pair: USDCAD
Observed 31st Jan 24
19.30pm
OTZ (optimised trading zone)
1.33984 to 1.33326
Trade active:
Observation
2nd February 2024
5:00 PM

A new demand level was validated with buyers in control, driving the market to the upside from 1:00 PM onwards. This development aligns with a previously noted and predicted entry level - the previous OTZ assumed entry level at 1.33798, which was identified on the 29th January for a potential retest of this zone. Once identified, consider entering the market from the pullback or retracement.

Comment:
14th Feb 24 (BOS)
Supply level 1.35388
Comment:

Observation: 29th Feb (downsloping accumulation) Wyckoff. Rally/base/drop pattern continues to the upside (BOD) as of 28th Feb 24."
Trade active:
Level 1.37280 (reached)
11th april 24
Observed 15.00pm
London/New York Session
Trade duration approx (3 months)
Trade active:
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