TheOnlyVince
Long

Nice confluence:50% retracement +price stalling at 200EMA in H4!

FX:USDCAD   U.S. Dollar/Canadian Dollar
605 4 4
This technical picture is great to play the 1.3360 resistance breakout that occurred a couple of days ago.

After the breakout the price retraced to the 50% of the last impulsive move and is now stalling right above the 200EMA.
The overall trend is bullish which makes it a perfect entry point. In addition to that, the stochastic oscillator is now evolving in oversold territory showing that the downside potential is now limited.


Congratulations! Your chart has been selected to be highlighted as today's featured post! This is a great use of multiple trading tools to validate a support level.
+1 Reply
TheOnlyVince PRO walker.england
Thanks man sounds good, what is the today's featured post? Any link so I can see it? Cheers!
Reply
It will be the same link, but will be listed as the top suggested post for the day on TradgingView.
Reply
Thank you
Done !
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