Sam.Distraction
Long

What Loonie(USDCAD) is offering us!!

FX:USDCAD   U.S. Dollar/Canadian Dollar
924 33 21
Details are on the chart. I mentioned 5 reasons that why the 1.193ish area is a strong support in my view. The weekly candle is a nice pinbar which rejects the 1.193 area. I will look for retracement on a weekly pinbar candle. Mostly pinbar gives you 38.2% to 61.8% retrace and then buyers get in (that's just my view, I may be wrong). Need to watch the PA on LTFs for a better low risk entry. I will attach the weekly chart below in the comments to show the pinbar .

Thanks for your time, I would love to hear your opinion, feel free to comment and if you like the idea then hit the thumbs up button.
Cheers.
Sam.Distraction
2 years ago
The Weekly Chart.
snapshot
Reply
Cityfox
2 years ago
Your charts help me more than anyone on TV, go pro go pro
+1 Reply
Sam.Distraction Cityfox
2 years ago
Ha Ha! I am not a pro mate but glad to help. Your lines also pointing something on USDCAD?
Reply
Similar idea. USDXXX pairs should be going up. XXXUSD pairs should be down.
+1 Reply
Sam.Distraction PriceActionTrading
2 years ago
Thanks for your response. Also its a NFP week so we might see some good moves.
Reply
Daniel.B Sam.Distraction
2 years ago
Yea it is! haha I read in the Wall Street Journal that consensus is for a more optimistic NFP print this week so it makes sense that the dollar is on the bid for the week. We also have German Manufacturing PMI on Monday morning so im guessing until then the Euro can also be on the bid before selling off.. Anybody else concur? lol
+1 Reply
Sam.Distraction Daniel.B
2 years ago
lol NFP print will be optimistic now, I also read the historically the month of MAY is always bearish for Euro Ha Ha!. So, too many confirmations, fundamentals plus technicals.lol
+1 Reply
Daniel.B Sam.Distraction
2 years ago
haha yup =D
+1 Reply
Sam.Distraction Daniel.B
2 years ago
PMI news from the Euro Region today but London got a Bank holiday I guess.
Reply
Daniel.B
2 years ago
Good clean analysis bro! Thanks for pointing out the weekly pinbar also =)
+1 Reply
PriceActionTrading Daniel.B
2 years ago
Yes a lot of weekly pin bars if you look at AUDUSD GBPUSD NZDUSD EURGBP
+1 Reply
Daniel.B PriceActionTrading
2 years ago
Ahhh yes starting to go through them nice, nice =D
+1 Reply
Sam.Distraction PriceActionTrading
2 years ago
@PriceActionTrading You are right about the weekly pinbars on most of the pairs, the plan is to get the retracement on a pinbar for a low risk and better R:R entry.
snapshot
+2 Reply
PriceActionTrading Sam.Distraction
2 years ago
Yes, sell on strength, buy on dips.
+1 Reply
PriceActionTrading PriceActionTrading
2 years ago
This is the best.

snapshot
+1 Reply
Casey_Yeo PriceActionTrading
2 years ago
The UK election this week may just throw any technical analysis out of the window. Cautious here.
+1 Reply
Sam.Distraction PriceActionTrading
2 years ago
Yeah bro, thats very bearish but its the election week so GBP pairs might be tricky.
Reply
PriceActionTrading Sam.Distraction
2 years ago
Yes caution definitely.
Reply
Sam.Distraction Daniel.B
2 years ago
Thanks bro. Glad to help. I learnt some cleanliness from you. lol
Reply
Daniel.B Sam.Distraction
2 years ago
Lol thanks bro =)
+1 Reply
jangseohee
2 years ago
Sam you are a sharp shooter!! well done
snapshot
+1 Reply
Sam.Distraction jangseohee
2 years ago
Thanks for your chart and the compliment :)
+2 Reply
Sam.Distraction Sam.Distraction
2 years ago
The last two weekly candles are inside bars so we might see some strong resistance around 1.22 area, Break and close above this area will be really bullish.
+2 Reply
jangseohee jangseohee
2 years ago
who says FX is risky if kept more than 1 day ^_^
snapshot
+1 Reply
Sam.Distraction jangseohee
2 years ago
The new tool from TV, "The Arcs". :)
+1 Reply
Sam.Distraction Sam.Distraction
2 years ago
snapshot
+1 Reply
Tony1200
2 years ago
Great call!!! Keep on pipin!!!
+1 Reply
Sam.Distraction Tony1200
2 years ago
Thanks mate, After 20 days it reached the target :)
+1 Reply
Sam.Distraction
2 years ago
Forgot to update the Loonie Short idea in this thread. Apologies
Trying the new Trading View Tool "The Arc" on Loonie
+2 Reply
Cityfox
2 years ago
I always find your charts so helpful I wish you would publish more...go go double Pro
+1 Reply
Sam.Distraction Cityfox
2 years ago
Thanks and glad to help. BTW what is double Pro. :)
+1 Reply
Cityfox Sam.Distraction
2 years ago
Double pro means you're at the top of your game, I hope one day I was good as you...go go 3x Pro. I don't know what 3x Pro is.
+1 Reply
Sam.Distraction Cityfox
2 years ago
Thanks a lot bud, I try to learn everyday and still learning. You will become 4x Pro one day. :) BTW Is 3x Pro is some kind of leverage for the Pro? . :)
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out