USDCAD high probabilty setup
Updated
Scenario #1
Candle break the weekly resistance,
and now becoming new possible support.
We will wait for a retest and continuation.
Target next monthly resistance.
Scenario #2
Candle false break the weekly resistance,
and back down.
Weekly resistance level still valid.
Short position with target at lower trend line.
Scenario #3
Possibility entering consolidation area.
Wait for confirmation.
Possible breakout.
Candle break the weekly resistance,
and now becoming new possible support.
We will wait for a retest and continuation.
Target next monthly resistance.
Scenario #2
Candle false break the weekly resistance,
and back down.
Weekly resistance level still valid.
Short position with target at lower trend line.
Scenario #3
Possibility entering consolidation area.
Wait for confirmation.
Possible breakout.
Comment
Bull and bear keep fighting on the key level resistance.after today daily candle closed... we will have a confirmation :)
Trade active
yesterday, bear win the fight, and price break again below the key resistance..possibility scenario #2 to short it with positive 1:2 RR ratio
Comment
currently ++pipsComment
BEP +10 pips.its now a risk free trade.... !
Comment
BOC interest rate decision = 0.5Trade closed: stop reached
TP only +10 pips after hit trailing stop.thank you :p
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