Entry - 1.00840 SL - 1.00870 (3.0 pips) TP - 1.00740 (10 pips) R:R - 3.33 @nephew_sam_
Entry - 1.00840 SL - 1.00870 (3 pips) TP - 1.00798 R:R - 1.4 (4.2 pips) @nephew_sam_
INVERSE HEAD AND SHOULDER FORMATION (POSSIBLE SCENARIO)
NZDCAD POSSIBLE SCENARIO
USDCAD currently at critical point STRONG SUPPORT We can go SHORT once pullback is confirmed
IF PRICES BREAK ABOVE LOCAL RESISTANCE WE CAN GO LONG ON PULLBACK CONFIMATION
SHORT opportunity on PULLBACK confirmation
There is a strong trendline acting as resistance on the weekly TF
Smart money move concept TP1 - 1.73900 TP2 - 1.73494
Price forming equal Higher highs and lower lows Potential Head and Shoulder More confirmation will be a divergence with Fibonacci retracement
SHORT
Short Idea
Short NOTE OANDA:EURCAD There could be a retest on the descending trend and move upward
went short during FOMC Press conference yesterday... Could go short more
GBPUSD short IDEA
Wait for a breakout of the neckline
