USDCAD is enjoying and creating support area!
On 4h chart
--> Been testing this area 17,18 & 30 march
--> 8 Apr tested it again @ 1.2940 - 1.2950 area again
--> Weekly support could be a false break???
potential buy opportunity
Entry 1: 1.2918 ( first support level 4h chart )
Entry 2: 1.2880 ( above weekly ...
Previous idea didn't work out SL was to tight!!
Currently the pair is creating a dubble bottom @ 107.61 on 4h chart
Head and shoulder pattern completed
--> Maybe new support area IF it holds @ 107.61
Enter: 107.70 - 107.80 area
TP1: 109.00 ( top of the head )
TP2: 110.04 ( below weekly resistance ...
Going for the buy!!
1) Head & shoulders completed --> swing back up!!!
2) RSI oversold
3) Important breakout @ 123.44
Watch out!! Could be the beginning of a channel!
TP1: 123.85 ( play safe )
TP2: 124.90 ( adjust your SL to 123.44 )
123.30 with tight SL just below support @ 122.95
123.43 buy ...
If bulls break 1.1409 and test 2nd resistance @ 1.1429 potential huge break
Just a thought!! ( small intraday trade )
Entry: 1.1395 ( just above small support of 1.1392 )
Sl: 1.1369 ( just below support 1.1372 on 4h chart )
TP1 : 1.1448 ( just below 2nd strong resistance 4h chart )
TP2 : 1.1480 ( just ...
2nd Chart ever hope it's a bit useful !! :)
leave some comments need the learn from you guys!
Just a thought:
area to watch --> 108.30 - 108.35 if it builds good support zone then buy!