money on the table usdcad

this looks too easy!! hahaa usdcad has made a 61.8 retracement and put in a double top at this suppy zone. this is a retap into daily support so targets for this are way low. shooting for a 1.618 exppansion. gives a good target into a 50% of the ab=cd pattern that i had posted months back(daily or weekly tf) that hit its 38.2 target and that was the resistance for this spike up for the retest. it has been markets first bullish week ever since that ab=cd pattern was put off. fibs sometimes serve as support and resistace zones and we do have a very big demand zone there so a it seems like a good place to take my targets. market already put in a lower high and lower low on lower tf so this reversal seems quit likely and with a 1/10 rr/r ratio i am most likely opening a position
sl 10 to 20 pips above double top highest high

i left my previous analysis in the related links section

交易進行:

up over 200 pips stops move to break even

評論:

or move stops above the lower high that was created to at least take your profits if any reversal happens.