USD/CAD - buy on 1H - market near breakout
market price is currently testing the 50 day moving average line (yellow line) which is short term resistance.
Market need to break this line and the pointed trend line as well to make this setup valid.
-RSI baselines on 4H reached support area
-take profit at Fibonacci golden ratio
-stop loss under buy area or under 1.313
Market need to break this line and the pointed trend line as well to make this setup valid.
-RSI baselines on 4H reached support area
-take profit at Fibonacci golden ratio
-stop loss under buy area or under 1.313
Trade active:
market reached buy area
Comment:
this is what we have expected - nice 10 % ROI within 4 hours
Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
