Overall trend bias- Bullish
We have 3 possible scenarios where price can take us.
Looking for long options on the 1H TF depending on price action.
Scenario 1- break--> Retest--> Long entry
Scenario 2- Rejection off support level --> Long entry
Scenario 3- Break below support--> retest of resistance to lower support--> Long entry
What do you think?
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
***Possible*** EURCAD long depending on your rules for entry... waiting for the close of the daily candle and i'll be looking for long opportunities.
Equal Measured Move
Hammer candle forming
BCO took a hit
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We are already long on USDCAD on break above the Blue Trendline
Wait for price to breakout of the Cloud Cumulus Formation for true bullish confirmation
Future Stratus Cloud is bullish, and turned up to the upside
Trail Stop, if entry is triggered by the Kijun-Sen
Our max stop is below previous Fractal Low
Profit Target #1 is the price touch of the...