Hi guys,
this is a very short term trade on USDCAD. You can see i'm using 15min timeframe, but as usual my analysis starts from higher timeframe. On the 4hr price has recently broken a period of consolidation to the upside, so i'm expecting it to continue higher.
That's why you see those targets, this is actually an advanced pattern entry for a trend continuation trade.
Stops below X, target1 at 618 retracement, target2 to be determined (around 1,3420s).
Let's see how it plays out.
If you want to share your viewpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
this is a very short term trade on USDCAD. You can see i'm using 15min timeframe, but as usual my analysis starts from higher timeframe. On the 4hr price has recently broken a period of consolidation to the upside, so i'm expecting it to continue higher.
That's why you see those targets, this is actually an advanced pattern entry for a trend continuation trade.
Stops below X, target1 at 618 retracement, target2 to be determined (around 1,3420s).
Let's see how it plays out.
If you want to share your viewpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
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