On the 1H and who do you see ... Head & Shoulders (chart pattern).
If you enter now, you're looking at 22 pips which is good for a scalper assuming there is no retracement back up to 1.55. I'll rather enter below the 1.54 on a good bearish price action. (Alerts Set)
With this move you're looking at a good 83 pips if you land on the trendline.
The S&P500 is looking to return to it's high of 3394. Taking a look on the 4H chart, price action is looking morning starish on this uptrend. A retracement is bound to happen between the 3315 & 3345 areas creating S&R levels. The current position we're holding is waiting on the bullish candle to close above 3280 on the 1H in order to enter the trade going long....
We're on the 4H chart on EUR/CAD and what we're honestly seeing is consolidation in the zones of 1.53 & 1.55. Being bullish overall on eur/cad, it's it's in our best interest to look for buys. If you're experienced in counter-trend trading then catching this retracement in the level of 1.54 will be very profitable in over 60 pips ... I mean if your price action...
