Possible Long opportunity . Price may fall a little more, now just under the 100 period(yellow MA) but still above my 500 period (MA) which tells me the market is still BULLISH
U-CAD has at least one more up more. Top down analysis
•••LONG•••
Entry: 1.34722
SL : 1.34522 (20 PIP)
TP 1: 1.35037 (31.5 PIPS)
TP 2: 1.35384 (66.2 PIPS)
I really like this set up. I highlighted the bearish Daily Candle with the sky blue box. Price failed to break to the up side. If price pull back to 0.65240 you can expect price to fall back to the 50% level of the highlighted daily candle which would be 0.64931.
••••SHORT••••
ENTRY: 0.65240
SL: 0.65395 (15.5 PIPS)
TP 1: 0.65085 (15.5 PIPS)
TP 2: 0.64931 (30.9 PIPS)
I'll be watching price around the 50% level (97.996) of Friday Daily candle for a long opportunity to continue up to 98.385
Long Opportunity
Entry: 97.996
SL: 97.846 (15 PIPS)
TP : 98.385 (38.9 PIPS)
Looking to go Long once price close above 0.65306
••••ENTER NOW••••
short term trade
1:1 RATIO
Entry: 0.65306
SL: 0.65172 (13.4 Pips)
TP: 0.65440 (13.4 PIPS)
