Using the triple trap strategy, these are possible setups of this pair. USDCAD was trending for past few days, there is a possibility that UC may have entered consolidation Bcz( no higher high formed). we wait for price either to break resistance or if rejects strongly then scalping would be good option.
Using the triple trap strategy, these are possible setups of this pair. It broke the trendline(trap) waiting for retest, also we can see it is above 50 SMA and in golden zone of fib(38.2-61.8) so we can scalp it to previous closing price that is near 88.6 FIB lvl. The triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite...
Using the triple trap strategy, these are possible setups of this pair. As the pair is consolidating there is no clear idea where it might go so we wait for break and retest of the zones. the triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite to channel. In this way we can predict the next movement of the price by...
Using the triple trap strategy, these are possible setups of this pair EU has been in down trend ( we can see it making lower lows nd highs). On Friday it broke the previous support, which tells the EU may drop, currently waiting for the retest to the zone and if we draw Fibonacci, we can see the previous support aligns with the 61.8 zone. this shows that it is a...