USDCAD TWO POSSIBLE SET UPS
SCENARIO 1: Price continues its bullish run and we see a break of the counter trend line which will warrant buy positions to upside target zone. ( Possible price stalling or false break out if we fail to break the resistance/ price deceleration zone)
SCENARIO 2: Price begins a bearish cycle we see a break of the ascending trend line , which will warrant sell positions to downside target zone
BIG TIP: Sometimes being conservative and waiting for a break + retest of a broken trend line or counter trend line can be very useful to increase the probability of your trade and to confirm market direction
For more detailed information on how we identify trade set ups, entry ,exit points and how we manage trades and how you can take advantage of the markets like us at EZinvesting feel free to message! Follow us for updates on future trades!
SCENARIO 1: Price continues its bullish run and we see a break of the counter trend line which will warrant buy positions to upside target zone. ( Possible price stalling or false break out if we fail to break the resistance/ price deceleration zone)
SCENARIO 2: Price begins a bearish cycle we see a break of the ascending trend line , which will warrant sell positions to downside target zone
BIG TIP: Sometimes being conservative and waiting for a break + retest of a broken trend line or counter trend line can be very useful to increase the probability of your trade and to confirm market direction
For more detailed information on how we identify trade set ups, entry ,exit points and how we manage trades and how you can take advantage of the markets like us at EZinvesting feel free to message! Follow us for updates on future trades!
