We have been looking at the resistance zone ( red box ) for a couple of weeks now ( if you see our previous USD CAD trade idea ) and we have been waiting for price to retest this level... price has finally done this today so now we are looking for movement down to our support zone ( green box )
Again we are keeping it nice and simple and not trying to fry your brain ( I prefer bacon )
You can think of this trade as a bacon sandwich, the support and resistance zones are the pieces of bread and the candles in between are the tasty bacon that we are going to munch on... but instead of filling our bellies this sandwich is going to fill our bank accounts ;p
Damn now I'm hungry.... Bacon sandwich it is haha.
Come have a chat with us if you like the way we trade to see how we can help you.
Again we are keeping it nice and simple and not trying to fry your brain ( I prefer bacon )
You can think of this trade as a bacon sandwich, the support and resistance zones are the pieces of bread and the candles in between are the tasty bacon that we are going to munch on... but instead of filling our bellies this sandwich is going to fill our bank accounts ;p
Damn now I'm hungry.... Bacon sandwich it is haha.
Come have a chat with us if you like the way we trade to see how we can help you.