USDCAD 4H LONG TRADE

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

Kommentera:

Why will price go as high as my take profit
There 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