USDCAD Long Entry

Updated

1D LongPosition; Entry Strategy on 4H Chart

If price breaks through the orange DTL1:

Option A:
Not Respecting previous Area of RES 1.34671 and moving straight to next RES at 1.36644 (stronger correction could follow at 1.36644 Level than in Option B)

Option B:
Respecting the 1.34671 RES, Correcting into previous Structure, which is also the Fib 50 / 61.80 Area and the making a move to the upside.

Also SMA 50 / 100 / 200 on the 1D and 4H Chart look good for a stable move to the Upside.

ENTRY for Both Options could be 1.34676 with a SL at 1.33543.

Possible TP 1.36669, or you ride that Upmove.

Note

Finding some RES in DTL 1 with a little correction to the Downside. If Price manages to break DTL1, we are still on Track for that long Position.

THE_NEPHILIM

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