6C Futures hit a major support level Bullish push has already started **This is just my trading thought process and does not constitute as financial advice. **Trading with proper risk management.***
1. CAD is in a strong bearish head & shoulders pattern. 2. CAD shows lots of weakness on the back of persistent US and G7 inflation numbers, with BoC being the first to pause rates amidst a slowing economy in Canada. 3. At this moment, 6C showing a false breakout before its next move down.
Taking short position on Canadian $$ futures. 2 contracts for the next 24 hours. Target is on the chart.
I just read an idea posted in Tradingview that this is the time to buy the EURO. As well there is a lot of chatter about Gold being a gift at these levels. This big move started this week. I believe its too soon to take a position in either one of them. This is not to say there won't be backtests as investors rush in. Looking at these daily charts gives you...
after a long trading range, the market dropped. Then a pullback trying to reach the previous support was entamed. if the market has a strong green volume, it is obvious that we will reach the previous tops of the market. If else, the support (yellow) will be broken and the market would begin a descend. So let's look at the volumes and see what algotraders will decide...
This chart corresponds to our mid-term outlook-
In the long-term, the USDCAD pair shows a corrective sequence. During this year the pair eases 2.70%. In this post, we'll review what to expect from Loonie for the coming weeks. Read more...
This trade is about a long term hold based on Canada see good things happen after there next election, so it is a post election hold, so keep exposure small and hang on, I have structured it with two buy in levels, depending on the momentum of the market at the first buy zone I may let it go to the second before doing the trade
The best entry point to Buy Futures CME / 6C 03-18 / D6H2018 (CAD/USD) Chart 4 hours Buy by Market = 0.77340 Stop Loss = 0.76885 ======================================= For those who have last worked Stop Loss, You can go back to the position! Buy by Market Futures on Canada (6C 03-18)
The best entry point to Buy Futures CME / 6C 03-18 / D6H2018 (CAD/USD) Chart 1 hour Buy by Market = 0.77790 Stop Loss = 0.77535 ====================================================== Hello! Dear traders, until now I could not write in the comments to the transactions or the message because I was blocked for 1 month. Therefore, today I will write all that I...
2 weeks ago I sold the 0.715 PUT in /6C ( D61! ). I was looking for it to range back down and initially it did but never hit my target profit (2 ticks away). Since then it's run away from me a bit and followed the Light blue line just like TRON taking the Light train to the exit. As the Canadian dollar is a proxy for Crude oil also CL1! I'm looking for Crude to...
Low was at 100% Projection from prev. wave down! Braking that low should lead to (more then likely) to (at least) .786 Fib.Retracement (1.0755) Details: www.facebook.com
Daily Chart - stopped at .618 (potentially wave 3) Details: www.facebook.com
Weekly Chart - Bearish Several weeks ago weekly charts been posted: www.facebook.com