FX:USDCAD   Dolar U.S/Dolar Kanada
49 0 4
I TOOK THIS TRADE CAUSE I SAW A DAILY ENGULFING PATTERN ON THE DAILY CHART , WHEN I SAW IT I STEPPED DOWN TO THE 4H CHART AND MARKED STRUCTURE. AFTER MARKING MY STRUCTURE I CONNECTED A ASCENDING TRENDLINE WITH MY TWO HIGHER LOWS AS THE MARKET BIAS WAS BULLISH . I SAW A CONSOLIDATION RANGE SO I MARKED THE CONSOLIDATION AREA WITH A BLUE BOX AND I PATIENTLY WAITED FOR A BREAK OF THE BOX SIGNIFYING THE DECISION WHETHER THE BULLS OR BEARS TOOK OVER. IN THIS CASE IT BROKE BELOW THE BOX AND RETRESTED THE CONSOLIDATION BOX AS NEW FOUND RESISTANCE. THE NEXT TP TARGET FOR THIS PAIR IS THE WEEKLY SUPPORT
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