As this morning, I put in short position, but USD/CAD forming a clearly bullish price action in that lower pric around $1.2760 approx. and when I send a message in the comment box that USDCAD forming this manipulation, I change my short to long position fast and that occur successfull as I see this caution in the price action.
But to update, we forming this Shoulder Head Shoulder Inverted and I have a forecast that USD/CAD it's going toward $1.2890 CAD, In that level it's resistance key to watch.
This it's the H4 and also, I note that USDCAD that EMA 200 work like support. And also, I put my break eve nin my entry price that for me was around $1.2766 CAD and I don't loss or win if in case that price go back to down. But I'm true in this posiiton that USDCAD could to find up $1.2890 CAD and this culd be a potentail to earn 126 pips.
Remember, the resistance forming in H4 around $1.2890 CAD will be key to see what happen as my target it's put in that price.
And also to note, on Wednesday we have an important news about U.S. interest rate and there're some rumor's that FED want to tight the interest rate but they attempt to stop the inflation. But, I thinking that this will be transitory between good and bad news. Only that this could be firstly good signal and maybe depending the next up economical news, maybe a bad news in that influence.
But to update, we forming this Shoulder Head Shoulder Inverted and I have a forecast that USD/CAD it's going toward $1.2890 CAD, In that level it's resistance key to watch.
This it's the H4 and also, I note that USDCAD that EMA 200 work like support. And also, I put my break eve nin my entry price that for me was around $1.2766 CAD and I don't loss or win if in case that price go back to down. But I'm true in this posiiton that USDCAD could to find up $1.2890 CAD and this culd be a potentail to earn 126 pips.
Remember, the resistance forming in H4 around $1.2890 CAD will be key to see what happen as my target it's put in that price.
And also to note, on Wednesday we have an important news about U.S. interest rate and there're some rumor's that FED want to tight the interest rate but they attempt to stop the inflation. But, I thinking that this will be transitory between good and bad news. Only that this could be firstly good signal and maybe depending the next up economical news, maybe a bad news in that influence.
As update, USD/CAD forming a symetrical triangle, but we could to hope a possible bought in the zone of $1.2745 CAD. This it's a demand zone, And also, in the yellow zone, it's the key support to watch. But we hope a next trade forming in the $1.2745 CAD to see if this it's a good bought to find up at least like 50 pips into this consolidation.