ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor USD/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.27620, 1.28083, 1.28953.
Key Support Levels: 1.26039, 1.25903, 1.24966.
Daily Time Frame:
The price on the higher time frame is in a clear uptrend where we can see a series of higher highs and lows. The market found support around the 1.26784 CAD mark which could lead to the end of the correction and then a new impulsive wave to the upside.
USD/CAD Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the price is traded inside a bullish flag where it found buyers near the 61.80 % Fibonacci retracement which indicates the end of the correction and then a move to the upside toward the target profits indicated below.
Signal Idea:
Buy Limit Order @ 1.26603
TP 1 @ 1.27345
TP 2 @ 1.28083
Stop Loss @ 1.26380
Trade Safely 🙂
I do have some serious concerns around some of these recent signals. This one for example – you mentioned a bullish flag on the 1 hour, I personally can’t see that, there is a descending channel which it has broke out from, but a bullish flag would come after an impulse move to the upside, not it in a downtrend continuation. I was speaking to another VIP member and they have stated after backtesting your signals they said you have a 20% win rate and there seems to be some dishonesty around results, specifically around. Quoting winning trades where the orders didn’t even fill! I am still new to this group so I’m prepared to give you the benefit of the doubt, but as things stand I don’t see myself paying for another month as VIP.
Hey Scott,
Thanks for your feedback.
I will reply to you by saying that this trade was a successful one and it reached Target Profit with RRR of 3.33.
Dont listen to others, evaluate by yourself.
Happy Trading.