Sam.Distraction

Sam.Distraction

The Loonie reached my target zone according to my last published chart () and now the momentum is getting slower. So, its good to look for short opportunities now. The description is on the chart that why the current zone is turning out to be a strong Resistance area, One thing to notice here that there is no reasonable structure on the left but we got good number...

Sam.Distraction

Details are on the chart. I mentioned 5 reasons that why the 1.193ish area is a strong support in my view. The weekly candle is a nice pinbar which rejects the 1.193 area. I will look for retracement on a weekly pinbar candle. Mostly pinbar gives you 38.2% to 61.8% retrace and then buyers get in (that's just my view, I may be wrong). Need to watch the PA on LTFs...

Sam.Distraction

Details are given on the chart, just follow the numbers to get a better understanding. I apologize if chart looks messy but I just tried to point out the EU movement and the next potential zones in a simple way. Cheers. Edit: Chart got compressed after publishing, Kindly use the zoom in function for a clear view.

Sam.Distraction

Reasons to short is displayed on the chart. A low risk trade with a good reward.