USDCAD formed an objective symmetrical triangle in purple waiting for break either side to buy/sell this one Scenario 1: waiting for a momentum candle close above 1.4280 in red to buy Scenario 2: waiting for a momentum candle close below 1.4070 in blue to sell
#YHOO - YAHOO INC - LONG OPPORTUNITY - SHORT TERM YAHOO INC LOOKS TO BE ON THE UP SHORT TERM, LONG OPPORTUNITY FINANCIALS SET TO LEAD THE WAY HOPING TO REACH AROUND 45.00 AREA
Usually it's difficult to trade Butterflies because by definition the pattern violates X. But in this case we have a nice support/resistance area at pattern completion to place our stops above.
As you can see there is a structure that has been broken. so i think there is a possibility that price go to re-test the up trend to make a new rally up. price could bounce at the support and make a rally up with out touching the up trend. personally i think price will not bounce at the support just a little correction and then fall to the up trend. so lets...