The USDCAD often rises when the EURUSD falls.
Price is stretched away from the ma's
Macd is stretched away from 0 level line
Macd has crossed above red signal line which means possible bullish move
Wait for price to get above current price action
There is a previous and current fractal low creating a previous fractal breakout
Buy stop @ 1.2633
Take Profit @ 1.2690
SL @ 1.2575
Price is stretched away from the ma's
Macd is stretched away from 0 level line
Macd has crossed above red signal line which means possible bullish move
Wait for price to get above current price action
There is a previous and current fractal low creating a previous fractal breakout
Buy stop @ 1.2633
Take Profit @ 1.2690
SL @ 1.2575
Note
Why will price go as high as my take profitThere is a consolidation area to the left of take profit
I added a fib and the 50% fib is close to take profit
All of this creates a take profit zone so take profit somewhere there
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.