1.Price has been stuck in box range for a few weeks now
2. 1.08000 Level is a strong level of support as the past has shown
3. Price has put in a bullish hammer and a bullish engulfing
4 .Price also put in a sign of reversal with a tweezer bottom
5. All these signs signify a reversal and possibly momentum to the upside
1.price has been trending up
2. price broke major RES level
3. now price came back and retested the level and put in a major bullish candle
4. price has put in a bullish engulfing taking out 8 hours of downside movement
5. price ready to make a higher high ?
Also another sell setup
1. price has come to previous structure and shown a huge bearish candle
2. price put in a bearish engulfing candle
3 price is downtrending
4.previous candle was a doji
on the daily previous candle was a bearish hammer sign of more sellers in the market :)
1.we have a strong trend line acting as RES
2.we had a fake break out
3. price has dropeed after the retest of trendline
4.bearish engulfing on previous 4hr candle
5.daily candle is a bearish hammer
Entered this trade just few hrs ago and the Target was hit just couple of mins ago!
Over 90 pips profit on this pair alone along with all the EUR based pairs i traded but didnt have time to post them up here b/c i was away from the screen and there wasnt any point posting them up b/c price was reaching their targets already.
Attached to this is original post...
Throughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily.
I'm basing this trade based off of that momentum and on a simple trend-contination setup.
As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im...