Fxprotrader
Long

USDCAD: Watch For A Buy Setup At Key Level

FX:USDCAD   U.S. Dollar/Canadian Dollar
857 7 22
Looking at the 4h chart we may see price in an uptrend making HH and HL. It's now retracing and most likely will test a slide parallel of a median line where previously we had price action (red arrows). If price reaches the trendline we should start watching for a buy setup to complete and go long.

Remember that a level in a chart is only something to watch closely for a setup to complete. Our strategy defines if we should enter a market or not. So use your own strategy and follow its rules.!
Website: www.fxproblogger.com/
Mentoring: www.fxproblogger.com/mentoring-program/
Twitter: www.twitter.com/fxproblogger
Facebook: www.facebook.com/fxproblogger/
KlavsJirgens
2 months ago
It is sell for me!
Reply
Fxprotrader PRO KlavsJirgens
2 months ago
Can you post your idea?
Reply
KlavsJirgens Fxprotrader
2 months ago
snapshot

Reply
KlavsJirgens KlavsJirgens
2 months ago
It is risky to trade sideways market. I usually look for small positions and close TP. It's no trade for me, but in my book - sell.
Reply
Fxprotrader PRO KlavsJirgens
2 months ago
Thanks for sharing..
Reply
kidbroge
2 months ago
I went short as my ab=cd indicator confirmed it on the hourly chart but what tipped my hand was the cat. 4 hurricane coming in. However, I took the trade before reading your commentary. Thank you for your observations.
Reply
Fxprotrader PRO kidbroge
2 months ago
Ok thanks for sharing..! In this post i didn't say that this will be a definately be a buy. I will watch for price action at that level. Till now price has reached the parallel and it looks like it's been rejected. Let's see what happens..! Good luck :)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
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 Billing Sign Out