*Price is in the uptrend in bigger picture *Price is in a bullish rectangle (Sideways) which is a continuation pattern. This sideways is lower time, we can buy in this sideways in the direction of the trend (bigger time frame), because price will tend to break in the direction of the trend.
RR Ratio 2.26:1
Comment: (Note: Never trade with the money you can't afford to lose)
Good luck.
Please like, comment, and subscribe to support the author if you find this analysis helpful
Comentário
⋅
You can take 50% or all your profit in TP1 if you want, it based on your personal trading strategy. Trade your plan.
Thanks for sharing, I agree with your idea and am bullish on USDCAD as well and identified a horizontal pullback support which coincides with the 23.6% and 38.2% fibonacci retracement.
Glad that we have the same bias
WBGwen
⋅
@FXCM-EDU, Thanks for sharing buddy, appreciate that ! good luck.
Glad that we have the same bias