USDCAD high probabilty setup

Scenario #1
Candle break the weekly resistance,
and now becoming new possible support.
We will wait for a retest and continuation.
Target next monthly resistance.

Scenario #2
Candle false break the weekly resistance,
and back down.
Weekly resistance level still valid.
Short position with target at lower trend line.

Scenario #3
Possibility entering consolidation area.
Wait for confirmation.
Possible breakout.

Yorum:

Bull and bear keep fighting on the key level resistance.
after today daily candle closed... we will have a confirmation :)

İşlem aktif:

yesterday, bear win the fight, and price break again below the key resistance..
possibility scenario #2 to short it with positive 1:2 RR ratio

Yorum:

currently ++pips

Yorum:

BEP +10 pips.
its now a risk free trade.... !

Yorum:

BOC interest rate decision = 0.5

İşlem kapandı: durdurma seviyesi:

TP only +10 pips after hit trailing stop.

thank you :p