THIS PAIR HAS BEEN STUCK IN A RANGE SINCE THE BEGINNING OF NOVEMBER. IT HAS FAILED TO BREAK 1.28900 RESISTANCE A NUMBER OF TIMES. IT’S THE START OF A NEW WEEK AND PRICE IS AT THE TOP OF THE RANGE AGAIN, AT MM3/WM3 PROVIDING RESISTANCE. RANGE TRADERS WILL TREAT THIS AS A RANGE AND SELL AT RESISTANCE(TOP OF THE RANGE) AND BUY AT SUPPORT(BOTTOM OF THE RANGE) UNTIL A BREAKOUT OCCURS.

USDCAD H4

MARKET IS SIDEWAYS, 21 AND 55 ARE FLAT. PRICE HAS OPENED AT WM3 RESISTANCE WHICH COINCIDES WITH MM3. WM3 PREDICTS A TARGET OF OF WM1. STOCHASTICS IS HEADING NORTH. BEARS WILL LOOK TO SHORT AT WM3/MM3 PIVOT CLUSTER.

USDCAD H4 POST PLAN

MY PLAN WAS TO SHORT AT THE WM3/MM3 PIVOT CLUSTER WHICH I DID. UNFORTUNATELY I GOT STOPPED OUT BEFORE PRICE FELL,(STILL KICKING MYSELF!!). HOWEVER THE PLAN PLAYED OUT PERFECTLY AS BEARS BAGGED AROUND 170 PIPS.

USDCAD H4 POST PLAN UPDATE

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