Megaben23

Megaben23

up trend/ support level we got a bullish confirmation forb entry

Megaben23

Firstly: we Identify the trend From the weekly ( we are in a downtrend) Secondly: we look if the lower tf e.g>1d,4h and following the trend 📉.. Thirdly: we Identify the current market price\level we are in to see if we can spot present of seller's coming in ...... Right now we will wait for the market to show us that seller's are coming into the market... it can...

Megaben23

We should look at this pair deeply in the sense that it has be in a up trend after breaking the down trend that was a correction for the weekly trend as a pull back .....now I am expecting pull back as from next week to continue the up trend.... right now it is in a support level and to add to it we are in a fb retractment level (61.8) zone so I am going for a buy...

Megaben23

i am expection a drop down from this zone to where the main trend was broke... area of fb level

Megaben23

i am extecting a pull back from this level reason entry bullish candle and break of mini trend

Megaben23

gold been buying so i am expecting a pull back from this resistance level downward

Megaben23

downtrend rejecton a 1d tf resistance turn into support

Megaben23

we got a bullish candle at the support zone yesterday so i mad my entry on smc

Megaben23

i miss my first entry level but you can still entry here or wait for a pull back to wards ..0.886690 level then take your sell

Megaben23

So as we got back to the weekly higher to cover for the gap I am expecting a short sell before we go back to the up side . Ok

Megaben23

if this candle close by 5 or 6 with a bullish move enter a buy

Megaben23

down trend so that means we will be looking for sell,entry reason [bearish engulfing candle,wk resistance,break out of 61.8/50 f.b level

Megaben23

Because of spread so people meant not enter but I risk a little to enter this trade because of the spread.....you can look closely that there was a (1)bearish flag,(2)bos(3) RETEST of support that is now resistance (4) higher tf bearish ENGULFING .......so that's tell me that this today candle was just a retractment or a pull back if you understand

Megaben23

i am on this trade already,, strong bullish present in the market break of [BOS

Megaben23

if you see the close of the 4h candle it close as the sellers in the market .. if you look at the 1d,1w and 1month the seller are sell running the market.... 4h rejection at my psy level...we are handing down for next week,,...free trade drop here

Megaben23

I was waiting for it to come to give a double double at 0.637100 but it didn't get there ... after seeing 3 day candle moving to the up side.... plus break of structure

Megaben23

If you look closely there is a double top...It was not able to reach wk high who but I am seeing presents of seller's so I don't think it will reach there

Megaben23

At the time I call this USD was wicker than cad and I check there was no new coming...and also there was various wick's rejection on that level that's why I sold and I told you guys don't take too much Risk because USDcad has be misbehaving since on Friday