Expecting a bounce from here to target 61.8% of the fall from highs of July 2014.
This pull back is providing a nice risk reward ration of 1:2 for a long, if the pair pulls back further you can still get a good RR by extending SL to below 1.45118 and targeting 1.5475
Following my post from yesterday, the market has now come back a little little deeper than where i said it would but it's still a valid long trade in terms of the structure trade i posted yesterday and if you're a pattern trader instead, the market has given you another alternative by forming another gartley pattern which has just completed. I'm still gonna be...
USDCAD had formation of Falling Wedge break which is a bullish indicator. Ultimately the goal and target will be 1.2815 being that the definition of falling wedge pattern consists that after break your target will be where the trend begins also ends up being a double top pattern. Along the path are market TP area's at different Supply zones. EP at 1.2470 with SL...
Right now we can see that the price has hit a key support level. I predict this will be the start of a bullish trend.
Chart says it all Tweezer double bottom forming on AUDUSD.