Alright guys, price broke the support and broke down and is now pulling back into a very good area for us to look for a short opportunity! Not only is it now officially in a downtrend, we have a fib lining up as well as previous support now hopefully turning into resistance. Also, our profit target is lining up perfectly with another key level I have mapped out...
LONG OPPORTUNITY - Heavy fundamentals will effect this pair so trade cautiously snd with your plan. - Price pulled back to trend line area as well as support and a 61.8% fib region giving us an excellent risk to reward trade on GA.
Make or break point for USDCAD, however, big fundamental week for both the US and Canada. Still in uptrend for now and expecting more but again, FUNDAMENTALS!
So, whats up fags, as you can see we have a very nice uptrend going on right now. CTL drawn represents a H1 tf so it might not look as clear on the H4 chart. But, we had a nice double bottom as well as a fourth tap of the TL giving us a nice bounce up to the monthly key level at 1.84000, and then a false b.o. catching buyers long. On the daily TF we have a nice...