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DADA-FX
May 25, 2020 1:14 PM

USDCAD SHORT TERM BUY Long

U.S. Dollar/Canadian DollarFXCM

Description

ENTER IF PRICE BREAKS GOLDEN ZONE AND SET A TP AT BREAK OUT ZONE. IF BREAKOUT ZONE IS BROKEN AND (RETESTED POSSIBLY) YOU CAN CONTINUE POSITION TILL 60% FIB RETRACEMENT IS RETESTED (SECOND GOLDEN ZONE FURTHEST TO THE TOP)

Comment

Retested the bottom of the golden zone at 1.39908
Meant to update idea at the moment but was caught up putting sells in!
This turned out to be a great short opportunity which respected my golden zone (50-60% fib retracement levels) i ended up putting a few shorts in shortly after this.
FIBs and Pivots really help alot!
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