Hi,
USDCAD has started to approach my marked area which consists of:
1. The red trendline worked before as a support and now it should act as a resistance.
2. The black trendline should also act as resistance. They both make up a crossing area, which is great!
3. AB=CD from the bottom and D point is exactly around the crossing area.
4. Smaller AB=CD-s
5. Several Fibonacci Extensions are inside the marked area.
6. The light-blue horizontal line is historically worked S&R level
7. Slightly above the crossing area is round number 1.33000
8. Wait for a bearish price action and let it guides you into the trade.
If it was helpful then take a second and support my effort by hitting the "LIKE" button, it is my only fee from You!
Regards,
Vaido
USDCAD has started to approach my marked area which consists of:
1. The red trendline worked before as a support and now it should act as a resistance.
2. The black trendline should also act as resistance. They both make up a crossing area, which is great!
3. AB=CD from the bottom and D point is exactly around the crossing area.
4. Smaller AB=CD-s
5. Several Fibonacci Extensions are inside the marked area.
6. The light-blue horizontal line is historically worked S&R level
7. Slightly above the crossing area is round number 1.33000
8. Wait for a bearish price action and let it guides you into the trade.
If it was helpful then take a second and support my effort by hitting the "LIKE" button, it is my only fee from You!
Regards,
Vaido
