Looking for a LAST SHORT on this pair, after this little correction. Only on a signal H4 for less risks (or at least H1 if you want a better RR). TP & SL on graph
The Trend might be downward on this pair since a few months, but I will be looking for an opportunity to buy on a long term view. As you can see on the Weekly TimeFrame, the price reacted perfectly on the slanting line. Zooming on the Daily TF, you will see a Daily engulfing.
I will buy this pair if we break and retest the green rectangle around 1.2710, ONLY...
UsdCad is rising since a few months. It follows both a weekly and H4 ascending channel. You can easily find the H4 channel on your chart, here is the longer time Frame; Weekly. We are in the middle of a resistance lvl, a top of weekly channel, and a top of H4 channel. The Trend is still upward, BUT I love the risk and I will hard short this pair. Good Luck! See...
The Gold is actually respecting an ascending channel. I will wait for it to react on top, and buy it again 1246-1248. Good luck on this one. SL 1240 TP1275-1280
For the first time since May 2018, the ascending channel is broken. As it is Daily Chart, the SL must be bigger and TP at least 1:2. Thus, if we close this evening under 112.45, I'll short this pair SL114.1 TP108.45 This is a SWING trade. Care with your leverage.
