Dollar A.S. / Dollar KanadaPembelian
USDCAD- Looking For Long To Channel Top Or Extended Target
Friends,
USDCAD is currently trading rangebound. We, on Friday had a nice buying day, riffing right off the 50EMA. Pinbar on the 50 tells me there was a reluctance to see price go below the 50EMA, which, along with the recent consolidation this stock has made, has made a strong support level.
Target low is where a long term Fibonacci confluence zone is.
Target Hi has been made using conventional channel target measurement rules, providing the ratio confluence zone can be broken, I will be looking for the target hi. Managed to find entries with over 8 Rish/Reward. So the trade is way worth it.
Thanks,
Tom
USDCAD is currently trading rangebound. We, on Friday had a nice buying day, riffing right off the 50EMA. Pinbar on the 50 tells me there was a reluctance to see price go below the 50EMA, which, along with the recent consolidation this stock has made, has made a strong support level.
Target low is where a long term Fibonacci confluence zone is.
Target Hi has been made using conventional channel target measurement rules, providing the ratio confluence zone can be broken, I will be looking for the target hi. Managed to find entries with over 8 Rish/Reward. So the trade is way worth it.
Thanks,
Tom
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.