USD/CAD - LONG
Long time i had a bearish bias on this pair, but with the recent movement of the market i have to say i need to get to grips with the fact that momentum may have now or is shifting towards bulls.. what's i found is the confluences below in order for me to take a trade under the premise of B.L.S (My personal method of trading)
B:
Weekly, potential EMA Crossover...
Daily & 12H and all other T.Fs showing clear HH + HL's being formed..
Relatively strong bullish candlestick on daily breaking a very key level on UC of 1.3 suggesting further bullish momentum and bulls are in control of the market
L:
Daily, break of structure 1.3
5% RR..
S:
This shall be a aggressive breakout play trading towards the mid range as targets.
Very low amount of resistance to those targets to be achieved.
B:
Weekly, potential EMA Crossover...
Daily & 12H and all other T.Fs showing clear HH + HL's being formed..
Relatively strong bullish candlestick on daily breaking a very key level on UC of 1.3 suggesting further bullish momentum and bulls are in control of the market
L:
Daily, break of structure 1.3
5% RR..
S:
This shall be a aggressive breakout play trading towards the mid range as targets.
Very low amount of resistance to those targets to be achieved.
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