moorekapital

USDCAD: RUNNING INTO KEY HOT ZONE

FX:USDCAD   U.S. Dollar/Canadian Dollar
313 7 10
Price Action From here would be interesting!
1.42300-1.43200
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
Comment: Bulls and bears exchanged hands here.
Pretty clean! ;)
snapshot
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 GoodLuckbabe
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
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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..
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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.
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I think 27 is entry short
+1 Reply
Nice one!
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stream moorekapital
yes ...I love that very much .. but have to keep on eye....Good luck
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