meister_keith

Re-test of 1.34500 on H4

Panjang
OANDA:USDCAD   Dolar A.S. / Dolar Kanada
My weekly buy entry was stopped out because i got in way too early before the market dropped into the H4 re-test zone, as i stated earlier, i knew there was a possibility that i could get stopped out but a setup is a setup and my rules say to follow it as long as every condition is verified.
Now that price has popped into the H4 demand zone, i'm anticipating a bounce back up if this zone doesn't break but if it does then price will be heading towards 1.34000 which is a premium demand zone. Any break further down will destroy the bullish momentum that had build up in the past weeks.
Penafian

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