USDCAD- Higher Timeframe - Long
What are we expecting?
- USD Strength - CAD weakness = USDCAD Long Trades.
What is our confirmation?
- USD Strength.
- DXY Index to show bullish price action.
-CAD Weakness.
Where shall we enter?
- Once we enter our respected fib levels, we can then drop to lower timeframes and draw a watch for beak of trendline for entries (WFB).
- Looking for the 4th wave to finish and reject in our fib levels.
- Risk entry on rejection of fib.
Once entered where will our SL BE?
- SL will be below fib levels for a safe SL
Targets?
- Targets: 0.27% Fib levels
What are we expecting?
- USD Strength - CAD weakness = USDCAD Long Trades.
What is our confirmation?
- USD Strength.
- DXY Index to show bullish price action.
-CAD Weakness.
Where shall we enter?
- Once we enter our respected fib levels, we can then drop to lower timeframes and draw a watch for beak of trendline for entries (WFB).
- Looking for the 4th wave to finish and reject in our fib levels.
- Risk entry on rejection of fib.
Once entered where will our SL BE?
- SL will be below fib levels for a safe SL
Targets?
- Targets: 0.27% Fib levels