Scenario #1
Candle break the weekly resistance,
and now becoming new possible support.
We will wait for a retest and continuation.
Target next monthly resistance.
Scenario #2
Candle false break the weekly resistance,
and back down.
Weekly resistance level still valid.
Short position with target at lower trend line.
Scenario #3
Possibility entering consolidation area.
Wait for confirmation.
Possible breakout.
Candle break the weekly resistance,
and now becoming new possible support.
We will wait for a retest and continuation.
Target next monthly resistance.
Scenario #2
Candle false break the weekly resistance,
and back down.
Weekly resistance level still valid.
Short position with target at lower trend line.
Scenario #3
Possibility entering consolidation area.
Wait for confirmation.
Possible breakout.
Note
Bull and bear keep fighting on the key level resistance.after today daily candle closed... we will have a confirmation :)
Trade active
yesterday, bear win the fight, and price break again below the key resistance..possibility scenario #2 to short it with positive 1:2 RR ratio
Note
currently ++pipsNote
BEP +10 pips.its now a risk free trade.... !
Note
BOC interest rate decision = 0.5Trade closed: stop reached
TP only +10 pips after hit trailing stop.thank you :p
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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.
Disclaimer
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.