Expecting a bullish continuation. Reasons for this assumption are: - Impulsive structure on both 4H and Daily TF - Price has been rejected thrice at 50 Fib Level, combined with a bullish divergence - Impulsive break out of the triangle with a strong close on the 4H TF - Projected target is 0.9880 0.9900 level Happy Trading!
Hey Traders, see related idea for sell from last week. I'm still in this trade. However, I would like to add and post another short entry for those who missed the first. We can still achieve a high R/R if price pulls back to previous fourth degree wave zone as shown on chart. I will update as the tide rolls. Short Bias remains valid
USDCAD has formed a bullflag potential continuation breakout. The APRR has broken a major bearish trendline as well, confirming potential continued bullish price action and providing an opportunity to get long toward wave 5 completion. SL is placed below recent lows with Target at the next S/R area.