USDCAD BREAK THE MAJOR TRENDLINE, READY FOR BIG DROP !
Updated
*Afrer break the major trend line, price pullback to structure. Expect the price to drop lower.
HOW TO TRADE:
1) Find the correction or pull back to broken trend line with fibonacci 38.2, 50, and 61.8 OR the previous support/resistance .
2) If you have find the pullback in 15 Min, change to 5 min for entry. DRAW A TREND LINE IN 5 MIN CORRECTION, if the price break the correction trend line in 5 min. ENTER THE SHORT !
Good luck
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Cheers :D
HOW TO TRADE:
1) Find the correction or pull back to broken trend line with fibonacci 38.2, 50, and 61.8 OR the previous support/resistance .
2) If you have find the pullback in 15 Min, change to 5 min for entry. DRAW A TREND LINE IN 5 MIN CORRECTION, if the price break the correction trend line in 5 min. ENTER THE SHORT !
Good luck
Please like, comment, and subscribe to support the author if you find this analysis helpful.
Cheers :D
Trade closed: stop reached
This pair went for deeper correction, look top for sell.Note
Note
Our sl saves us 80 pips. Now watch top for reversal.
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