Here We Go !As shown on previous shared idea for this pair last week. We've predicted the sweet spot for price to reverse to be between 1.3150-1.3185 and it has made it's way downward from this area. Now we are waiting or our targets to be hit. Not too late to enter.
Entry @ 1.3150
SL @ 1.3225
TP1 @ 1.3018
TP2 @ 1.2908
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Well Check This Out!Originally posted last Thursday we've predicted the possibility of a reversal between our plotted reversal zone area and then narrowed it down to a Demand Zone and its Sweet Spot.
Price made a heck of a bounce off of the Demand Zone which ranges .7150-.7075 while it's sweet spot .7126-.7100 has not been touched. We took entry at the top green line of the DZ.
Price may have found it's bottom but let's see if it holds.
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SHORT USDCAD 250 + PIPS!Enter short within the Supply Zone and enjoy the ride!
When trading Supply and Demand Zone areas i always prefer to try to enter somewhere towards the middle of the range which would be 1.3141 to be exact. This will give us a good risk to reward ratio. Stop Loss above SZ. Confirm your entry using your own charts . I just wanted to point out if you are looking to sell this pair then this is a good area to start looking. Stochastic is becoming overbought as well. We will confirm with price action.
Good Luck !
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USDCAD EASY CHART PATTERN TOOLUSD/CAD is bullish by the way ;) By using the Point & Figure Chart can easily help you make easier decisions on finding support and resistance. As you can see on the 60m chart for USD/CAD the pattern along with price movement breaking out can't get more prettier to look at. If you are new to Point & Figure Charts I would suggest doing some homework. They can be very helpful.