martinv678

martinv678

I'm putting this idea out to see what the outcome will be. Not majorly confident so will take with reduced risk. Still rejecting the 4hr Fib golden zone so could be a good long

martinv678

I'm looking at a potential short on the US30 based on yesterday's low.

martinv678

Currently ranging on the 4hr, but it breaks the range to the upside we *could* be in for a good long.

martinv678

Potential retest of the previous high. This is a fairly simple trade, let's see if it plays off.

martinv678

Potential gap closure from the weekend and retest for the previous high. More patience is needed to allow the closure from the golden zone first.

martinv678

If today's candle stick closes with a strong body. It is a good indication that it will retrace to the 100% level of the Fibonacci.

martinv678

The USD CAD looks great for a short only if the rectangle of the support line is tested. At the moment there is not enough information to sell as the previous candle could be a false breakout. Great information provided by the monthly chart shows a key resistance spot and seems unable to break through. Only time will tell.

martinv678

This is a perfect example of the three candle sticks and double bolinger band strategy.

martinv678

I have based this idea on key Fibonacci retracement levels being tested and broken through. I see the price moving to the 1.618 level below. I have split my positions in two. Once the first take profit it hit I will move the second positions SL to break even.