USDCAD BUY
Price retested flip zone, trend-line and Level 1.27000
I'll be looking for buys on level 1.27500
Reasoning:
- Overall Trend is still bullish, however we've seen a little rejection around level 1.28000-1.29000 (Watch out for signs of a reversal)
- Price broke and retested level 1.27000 & Price flip zone (Blue)
- Price respected trend-line
- USD has shown considerable strength as the FEDs are looking slightly Hawkish from yesterday's FOMC meeting. However, beware as sentiment about this is highly mixed
Entry:
Aggressive = Bullish push from level 1.27500
Conservative = Break and retest of counter-trend line (Red)
WAIT TILL OPPORTUNITIES PERSISTS, NO CONFIRMATION = NO TRADE
Take Profits would be placed at previous highs.
*If Price rejects on 1.28000, Get out of the trade
I'll be looking for buys on level 1.27500
Reasoning:
- Overall Trend is still bullish, however we've seen a little rejection around level 1.28000-1.29000 (Watch out for signs of a reversal)
- Price broke and retested level 1.27000 & Price flip zone (Blue)
- Price respected trend-line
- USD has shown considerable strength as the FEDs are looking slightly Hawkish from yesterday's FOMC meeting. However, beware as sentiment about this is highly mixed
Entry:
Aggressive = Bullish push from level 1.27500
Conservative = Break and retest of counter-trend line (Red)
WAIT TILL OPPORTUNITIES PERSISTS, NO CONFIRMATION = NO TRADE
Take Profits would be placed at previous highs.
*If Price rejects on 1.28000, Get out of the trade
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