Short Trudeau Coin, Entry date 11/10 expected position exit 11/29, 15 year hit rate 93%. Let's Go. "hopefully this won't end up like my copper trade...." -KewlKat
CME:6C1! has been consolidating at recent lows for so long. Finally, there has been a break out of a large pennant on the weekly time frame with a smaller bull flag forming now, but can Canada keep the momentum going???
While ideally the head would be a little bit higher, I'm monitoring this formation in expectation of a right shoulder forming and a subsequent sell-off. Fundamental reasons for a sell-off could be Canadian rate cuts or the fear of canadian rate cuts as the economy slows, or a reversal in the recent bearish trends in the price of oil.
If Fed surprises with additional rate hikes or inflation prints higher, expect Fed to pump USD further devaluing the Loonie.
Call Credit Spread Symbol: /6C Expiration Date: 09/09/2022 Days to Expiration: 16 Opening Options: 1 Call at 1.7875 -1 Call at 1.7800 Probability of Profit: 75% Max Loss: $620 Max Profit: $130
Hi Everyone, I'm waiting for Short if the break break the trend-line. Signals: - Price in Resistance. - Main Trend, Bearish . - Close to The top of the Bearish-Channel. Good Bye & Good Trading!!!
Type : Bearish Momentum Resistance : 0.77520 Pivot: 0.77025 Support : 0.76450 Preferred Case: On the H1, price is moving below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 0.77025 in line with the overlap resistance, 23.6% fibonacci retracement, 78.6% fibonacci projection and 50% fibonacci retracement to the 1st...
we will see a continuation of the downtrend after the confirmation of the range breakout
after having a forceful break of a strong resistance from a large candle with a large volume we will see an increase in the price
after having a forceful break of a strong resistance from a large candle with a large volume we will see an increase in the price
we will see an increase in the price after the breakout with strength of the range
That was a nice a trade on the Canadian dollar with great profits!
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...