Fib.The.Gentleman

USD/CAD Analaysis - Short into Long could be an Option

FX:USDCAD   U.S. Dollar/Canadian Dollar
Hey Guys,

what we do see is a clear Uptrend which could come to a point where it needs a retracement.

- Pinbar at within Weekly Resistance Highs indicating Selling Pressure ( BUT Check the Bar before the pinbar )

FOR TREND FOLLOWING:
Wait for price to retrace at 38.2 and/or 61.8 Fibonacci Retracement levels (Green Zones) which come along with Structure.
At 61,8% There is also a trendline approaching, which chould give even more clue to go long.

FOR COUNTER TREND
- Instantly Short on daily Chart or Search on lower timeframe like 1h and 4h for Entry

Thats it for now.
Ill maybe go for a lower timeframe to check for entrys :)

NO INDICATORS ;)
Just some Fibs.

Good Luck Good Trade
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ONE HOUR ANALYSIS
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Fib.The.Gentleman PRO Fib.The.Gentleman
2 years ago
We need this lower Timeframe to break to consider going Short.
according to that pinbar on the larget timeframe i dont really want to join longs here cause of the price action.
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Fib.The.Gentleman PRO Fib.The.Gentleman
2 years ago
There we go ;)
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Fib.The.Gentleman PRO Fib.The.Gentleman
2 years ago
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