Looking to sell USDCAD to potencial 2618 trade, perfect double top second impulse longer that the first at 0.618 fibo retracement.
First take profit based on support and second on the 0.27 fibo retracement
Trade active
Trade running +140 pips
Looking forward at TP1 and TP2 of the 2618
Trade active
ABCD pattern formation for trend continuation, looking at support as first tp
Trade active
USDCAD hit TP1 making this a +200 pips move since our 2618 entry
take partial, close trade our wait four second take profit at the -0.27
Trade active
Price failed to touch the -0.27 (Second TP in place) for around 3 pips. Bigger amount of pips running in this trade was +280. Price could still reached the second TP level but same structure confirmes bigger advanced pattern formation to ride longs.
Hope you took this move
Note
What we could expected at the moment where prices is at
Trade closed: target reached
Trade close and secure the toal move of +285 pips from our 2618 entry
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.