Looking at a bigger TF- monthly
The below are the points to be noted:
1. Strong price rejection with long wick bar indicator price reversal
2. Price retraced 61.8 fib and a small pull back and retested 61.8 and again price rejection
3.The 61.8 is a strong support/resistance
4.Gartley pattern formed
Also i think CAD is strong compared to USD and lots of other factors.
This is a very longterm trade so patience is very key before entering the trade and also lot size selection is very vital. RR for the trade is decent.
I have opened this trade last month on demo and so far it has been great and now opened it on the real account.
Trade safe guys.
Thanks for your likes and support.
The below are the points to be noted:
1. Strong price rejection with long wick bar indicator price reversal
2. Price retraced 61.8 fib and a small pull back and retested 61.8 and again price rejection
3.The 61.8 is a strong support/resistance
4.Gartley pattern formed
Also i think CAD is strong compared to USD and lots of other factors.
This is a very longterm trade so patience is very key before entering the trade and also lot size selection is very vital. RR for the trade is decent.
I have opened this trade last month on demo and so far it has been great and now opened it on the real account.
Trade safe guys.
Thanks for your likes and support.