Buying the 'dip'.
The situtation will be no longer active if the price go to the red line, that is my stop loss.
The price can go to one of that areas that I drawed.
Extended target --only to the shortest possitions and always watching--: 117.000
The pair is currently oversold and should start some retracement soon. The yellow line is next structure in confluence with Fib 0.618 Level. Look for entry in the green zone.
Stops go below last structure low (1.06929), profit target is next upcoming structure (1.09237).
Longing USDCAD with an order at the green zone due to the nice Wolfe Wave setting up. Stoploss and tp are shown on the chart.
The confluence for this trade is the ABCD pattern as well as support on the 4hr timeframe.
Possibly shorting USOIL from the small green zone due to this very good looking Wolfe Wave. Confluence is an ABCD pattern and S/R zone on the higher timeframes.
Stoploss and profit is on the chart, good luck!
Greetings my comrades!
This one is for the short term traders looking to make some pretty good profit here!
Found a pretty good short trade on the 1H or 15M charts
Enter on the 61.8 retracement line and the 161.8 line!
Happy hunting my friends!