USD/CAD Analaysis - Short into Long could be an Option
Hey Guys,
what we do see is a clear Uptrend which could come to a point where it needs a retracement.
- Pinbar at within Weekly Resistance Highs indicating Selling Pressure ( BUT Check the Bar before the pinbar )
FOR TREND FOLLOWING:
Wait for price to retrace at 38.2 and/or 61.8 Fibonacci Retracement levels (Green Zones) which come along with Structure.
At 61,8% There is also a trendline approaching, which chould give even more clue to go long.
FOR COUNTER TREND
- Instantly Short on daily Chart or Search on lower timeframe like 1h and 4h for Entry
Thats it for now.
Ill maybe go for a lower timeframe to check for entrys :)
NO INDICATORS ;)
Just some Fibs.
Good Luck Good Trade
what we do see is a clear Uptrend which could come to a point where it needs a retracement.
- Pinbar at within Weekly Resistance Highs indicating Selling Pressure ( BUT Check the Bar before the pinbar )
FOR TREND FOLLOWING:
Wait for price to retrace at 38.2 and/or 61.8 Fibonacci Retracement levels (Green Zones) which come along with Structure.
At 61,8% There is also a trendline approaching, which chould give even more clue to go long.
FOR COUNTER TREND
- Instantly Short on daily Chart or Search on lower timeframe like 1h and 4h for Entry
Thats it for now.
Ill maybe go for a lower timeframe to check for entrys :)
NO INDICATORS ;)
Just some Fibs.
Good Luck Good Trade