Massive impulse leg formed, we will wait and let market catch its breathl Looking to Buy at least 38.2 Retracement, wich also has support levet.
Looking to retest our last support, wich now should become resistance. Once/if we get there we see HOW it get there, and let price tell us more.
USDCAD have been correcting for a long time. I expect the market to breakout strongly to the bearish side. i will wait for the market to give me a better Rsik/reward ratio.
Simple structure trade using support and restistance. also we have lower lows and lower highs.
you can enter the break with tight stop losses..
strong downmovement followed by a flag could indicate further downmovement.. look on larger timeframes ass well, we could be in for a big ride.. good trading
We need to get up in our previous support level before we do anything.
PROPERLY RISK/REWARD RATIOS ALOWS YOU TO HAVE MORE LOSING TRADES THAN WINNING TRADES, BUT STILL CREATES PROFIT
Looking for a breakout of the line, i would like to see a strong breakout, followed by a correction ad then i will enter