ucad broke out of a trend but its breakout was slightly sluggish. we acctually got a correctional pattern out of it which we can look to buy the breakout of. i will be paying close attention to this expanding triangle as it can give us a nice ride up.
buy the breakout usdcad - expanding triangle - oversold RSI - 4 hr trend b.o. is correctional - price has not hit 38.2
enty: price breakout sl: 1.27989(may change after b.o. depending on price action) tp: 1.33116
potencial gain: 400+ pips
btw chart says "will not short until 133.116" i meant 1.33116 haha :)
تعليق
looked at ucad one more time and found this that i hadnt seen. no need to buy the breakout. buy a candlestick rejection pattern if you get it. sl under the rejection
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buy this breakout
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no breakout. no trade. if price does still manage to make a bull impulse i will observe it and come to a desition of whether or not it is a trade i would like to take.
تم فتح الصفقة
ucad is makin a bullish impulse. i am a buyer
تعليق
50 pips already since entry. congrats if you entered on my update.
تعليق
blue box is demand zone. if you have not entered, buy a bounce off the demand zone this is th new setup. same tp, sl is the low
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