USD/CAD -0.06% in a bullish bias, we look for buy signals. Price is correcting back into our sweet spot fib buy zone, with trend line , 50MA and stoch oversold confluence. Orders in green box, limit in red box or slightly before to be safe. Tight stop below the .79 fib line, go no tighter, manage your risk correctly.
Timeframe: 6H
Supports: (1) 1.31594, (2) 1.31470, (3) 1.31346
Stop: 1.31207
Resistance/Limit: 1.32367 - 1.32495
Timeframe: 6H
Supports: (1) 1.31594, (2) 1.31470, (3) 1.31346
Stop: 1.31207
Resistance/Limit: 1.32367 - 1.32495
Trade active:
Order one hit at 1.31594.
Trade active:
Order two at 1.31470 and three at 1.31346 have hit.
Comment:
Trade is going well. STOCH has crossed all orders are hit and price is moving away from our trend line and 50MA.
Trade closed: target reached:
A great trade, worked perfectly. Full profit from all three orders!