Possible long trade on Canadian dollar futures (short USDCAD, same setup upside down)
30min uptrend formed with 200 ema confirming trend direction
Recent swing HH acting as support zone along with 61.8% fib retracement
Volume profile POC closing higher for 4 consecutive days. Yesterdays volume profile closed with POC at the high of day and as a double distribution. Price filling in the volume cave at the level of support.
Trigger:
Break out counter trend LH
or
Break of counter trendline
Stop loss below range low
Target at recent swing high
30min uptrend formed with 200 ema confirming trend direction
Recent swing HH acting as support zone along with 61.8% fib retracement
Volume profile POC closing higher for 4 consecutive days. Yesterdays volume profile closed with POC at the high of day and as a double distribution. Price filling in the volume cave at the level of support.
Trigger:
Break out counter trend LH
or
Break of counter trendline
Stop loss below range low
Target at recent swing high