USD/CAD - LONG entry for the possible continued up-trend
Updated
US Dollar hit this week from the Brexit headlines but now has a great entry to continue the re-test of previous highs. Have a tight stop loss so we can find another entry later when Brexit dies down (hopefully..)
Bullish Confluences:
- Possible bounce from 38.2% fib retracement
- Price is on the neck-line of the inverse head and shoulder
- Possible failed breakout of CAM S4
- On a major resistance fractal area
Watch out for strong stop hunts because of the upcoming Brexit news tonight and tomorrow.
Target is CAM S5 again as shown on the chart.
If this chart helped at all, leave a like or follow.
I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA.
DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your own as I am a complete amateur for TA.
Good luck to everyone!
Bullish Confluences:
- Possible bounce from 38.2% fib retracement
- Price is on the neck-line of the inverse head and shoulder
- Possible failed breakout of CAM S4
- On a major resistance fractal area
Watch out for strong stop hunts because of the upcoming Brexit news tonight and tomorrow.
Target is CAM S5 again as shown on the chart.
If this chart helped at all, leave a like or follow.
I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA.
DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your own as I am a complete amateur for TA.
Good luck to everyone!
Trade active
Position @1.32981Trade active
My 10 pip SL hit on last position, but it bounced from 200 MA and a serious resistance fractal. Longed it @ 1.32531.
Note
Trade is not invalidated, as shown on chart, it is around stop hunt area. The long @ 1.32531 is looking well right now.Note
Wave 1 complete. Looking for wave 2, to add more positions.Note
Added more positions @ wave 2Note
Dropped hard after better than expected Canadian GDP, SL breakeven hits on a couple of positions. Still looking to hit target.Note
Target nearing, one more push up should hit 1.35560Trade closed: target reached
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