moorekapital

USDCAD: RUNNING INTO KEY HOT ZONE

FX:USDCAD   U.S. Dollar/Canadian Dollar
306 7 10
11 months ago
Price Action From here would be interesting!
1.42300-1.43200
10 months ago
Comment: And so , we punched through this KEY HOT ZONE soo hard!

As it stands, PRICE ACTION doesn't show any rejection of Higher Prices. (Hence, going short Is risky for me)

However, Such huge bars , late in trends, often show climatic behaviours., And this could send prices lower, But This isnt my style. It's better to follow after the footprints of price.
snapshot
10 months ago
Comment: Bulls and bears exchanged hands here.
Pretty clean! ;)
snapshot
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stream
11 months ago
I think 27 is entry short
+1 Reply
moorekapital PRO stream
11 months ago
Nice one!
Reply
stream moorekapital
11 months ago
yes ...I love that very much .. but have to keep on eye....Good luck
Reply
jhakas
11 months ago
I would not be surprise if ucad goes above 1.45 in coming weeks... sell side will remain weak... due to strong momentum and falling oil prices..
+1 Reply
moorekapital PRO jhakas
11 months ago
It's always the safest thing to trail after price's footprint. Let's see the price action here, whether we get rejection bars off this zone to go lower, or turn this zone into a floor.
Reply
GoodLuckbabe
10 months ago
the level you are looking has been broken very clearly with strong impulse and price is running above that level i dont think its gonna get back until we see some solid rejection from the bearish side
+1 Reply
moorekapital PRO GoodLuckbabe
10 months ago
I made this comment earlier : " And so , we punched through this KEY HOT ZONE soo hard!

As it stands, PRICE ACTION doesn't show any rejection of Higher Prices. (Hence, going short Is risky for me)

However, Such huge bars , late in trends, often show climatic behaviours., And this could send prices lower, But This isnt my style. It's better to follow after the footprints of price. "
snapshot
Reply
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