Akil_Stokes

USDCAD: Sitting at a Decision Point

FX:USDCAD   U.S. Dollar/Canadian Dollar
After holding higher timerframe resistance the USDCAD             has made 220+ pip move to the downside and has now found previous structure support .

I like to call this area a "decision point" when doing my analysis because a few trading opportunities are offered at this level depending on how price reacts.

1) IF support holds THEN we have a potential buying opportunity.

2) IF support fails THEN we have a potential selling opportunity as it turns to resistance

2) IF Support holds and retraces back towards the 1.3130's level THEN we also have a potential selling opportunity

These are the type of pairs that I put at the very top of my watch list as potential opportunities are right around the corner
Comment: Eyes locked, looking for a potential short (option 2)
Comment: Option (1st) 2...I just saw that I post multiple "2)'s"
Comment: Stalking the 5 Range Bar Chart for entries. Currently looking at 1.3034's to get short
Comment: Negative Canadian news this morning has pushed the USDCAD up to our Killzone. Still looking for entry reasons to get short

SEE MY BEST TRADING IDEAS DAILY
https://buff.ly/2x7U6kT

FREE WORKSHOPS & TRAINING VIDEOS
https://tradeempowered.com/

WATCH MY LATEST TRADING VIDEO
https://www.youtube.com/akilstokes

CHECK OUT MY LIVE TRADING ROOM
https://buff.ly/2x8c2kt

bearish bat on the 15 m w/ expanding triangle pattern completing the bearish bat.

snapshot
+1 Reply
Thanks for the share & best of luck in your trade!
Reply
snapshot


Short on supply zone (Daily IPDE with entry on lower time frame)
+1 Reply
Nice, good luck with the trade
Reply
Niverto Akil_Stokes
Thanks Akil, I have applied pro trader course principle with the supply and demand zone making it a good package.
+1 Reply
No problem!
Reply
Perfect short akil, it's a bear :-)
+1 Reply
Awesome!
Reply
Besides being in the short killzone, what else do you wait for to get involved ??????
+1 Reply
Once price action is in a killzone I then look for an entry reason. this can be as aggressive as an at market order, to as conservative as a 2618 depending on the situation
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out