Yesterday it looked like rebound from support will lead pair higher, but today price dropped and is testing support. We can observe H4 chart to look for some Price Action buy signals (strategy description in the bottom of article). If support will be broken, trend also will change.
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Here we can see quite nice Outside Bar just after support test. This position is bringing already profit bigger than first Stop Loss, but now it came back to opening area.
Pair is getting closer to key support. If there will be buy signal on daily or H4 chart we should consider long positions.
Change of trend on this pair. Yesterday support was broke and now we have to wait for bullish correction to this area and there look for some short opportunities on H4 or D1 chart.
The pair is on support but for now there was no buy signal. I observe daily chart all the time and if I see some signal I will write about it.
There is bullish correction here. With green color there is area marked, after reaching there I will look for sell signals on H4 chart, which will be consistent with the trend.
Pair is breaking resistance and if it will close above it, we should look for buy signals.
There is buy signal on this pair. Large Outside Bar which covered all bearish correction. I set order n 50% retracement of it, but it still is not realized.
Loonie is testing support, long term is bullish, so we should look for buy signals. Bearish impulse is quite strong, so we should open positons only on daily chart.