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.
The Weekly Chart.
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Your charts help me more than anyone on TV, go pro go pro
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Ha Ha! I am not a pro mate but glad to help. Your lines also pointing something on USDCAD?
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Similar idea. USDXXX pairs should be going up. XXXUSD pairs should be down.
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Sam.Distraction PriceActionTrading
Thanks for your response. Also its a NFP week so we might see some good moves.
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Daniel.B Sam.Distraction
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
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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
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Daniel.B Sam.Distraction
haha yup =D
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PMI news from the Euro Region today but London got a Bank holiday I guess.
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Good clean analysis bro! Thanks for pointing out the weekly pinbar also =)
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Yes a lot of weekly pin bars if you look at AUDUSD GBPUSD NZDUSD EURGBP
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Daniel.B PriceActionTrading
Ahhh yes starting to go through them nice, nice =D
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Sam.Distraction PriceActionTrading
@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.
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PriceActionTrading Sam.Distraction
Yes, sell on strength, buy on dips.
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PriceActionTrading PriceActionTrading
This is the best.

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Casey_Yeo PriceActionTrading
The UK election this week may just throw any technical analysis out of the window. Cautious here.
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Sam.Distraction PriceActionTrading
Yeah bro, thats very bearish but its the election week so GBP pairs might be tricky.
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PriceActionTrading Sam.Distraction
Yes caution definitely.
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Thanks bro. Glad to help. I learnt some cleanliness from you. lol
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Daniel.B Sam.Distraction
Lol thanks bro =)
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Sam you are a sharp shooter!! well done
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Thanks for your chart and the compliment :)
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Sam.Distraction Sam.Distraction
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.
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jangseohee jangseohee
who says FX is risky if kept more than 1 day ^_^
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The new tool from TV, "The Arcs". :)
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Sam.Distraction Sam.Distraction
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Great call!!! Keep on pipin!!!
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Thanks mate, After 20 days it reached the target :)
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Forgot to update the Loonie Short idea in this thread. Apologies
Trying the new Trading View Tool "The Arc" on Loonie
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I always find your charts so helpful I wish you would publish more...go go double Pro
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Thanks and glad to help. BTW what is double Pro. :)
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Cityfox Sam.Distraction
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.
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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? . :)
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