Hi Traders,
Please see above my analysis of UC on the 30m timeframe with a possible re-distribution taking place.
Please leave a comment and a like.
Have a good weekend.
Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
USD/CAD: Day-Swingtrade-Execution
Sell-Limit: 1,32300
Stop-Loss: 1,32650
Target 1: 1,32025
Target 2: 1,31810
Target 3: 1,31610
Stop-Loss: 35 pips
Risk: 0,5 % - 1%
Risk-Reward:2,02
LEAVE A...
Hey tradomaniacs,
welcome to a new free trading-setup.
NOTICE: THis is meant to be a preparation for you. As always we need to wait for a confirmation!
USD/CAD: Day-Swingtrade-Execution
Market-Sell: 1,35855
Stop-Loss: 1,36225
Target 1: 1,35540
Target 2: 1,35270
Target 3: 1,34935
Stop-Loss: 37 pips
Risk: 0,5 % - 1 %
Risk-Reward: 2,50
LEAVE A LIKE...
USDCAD Short - Daily Timeframe
Entry - 1.305
TP - 1.285 - 200 pips
SL - 1.315 - 100 pips
Disclaimer- I will ordinarily avoid trading around or near NFP, but I'm making an exception this time around, which could turn out to be a bad move. I've been in and out of shorts on USDCAD for a while now, but this looks like an opportunity to capitalize on a larger move...
We've cleared enough profit to move stop loss to entry so this is as of now a risk-free trade. Our first downside target remains 1.315 which is just over 100 pips. We're currently floating +38 pips and look for more downside price action in correlation with Oil potentially breaking 78$ a barrel. Four days of bullish price action were over with yesterday's bearish...
Based on UJ seasonality, RSC and price action I'll almost dare to say that I will eat my shoe if I can't catch a 100 pips down with UC before Wednesday November the 20st next week.
Technical Analysis: Wedge Pattern - waiting for it to break and close below.
Target is based on trend line .
Overall image, this pair is currently in a channel pattern but we can take trades within it.
Still waiting for an opportunity to go short, lets wait and observe
This is most likely scenario that i see
Watch the full market overview on my youtube channel
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Entry - 1.329
Take Profit - 1.32 - 90 pips
Stop Loss - 1.33575 - 67.5 pips
I don't usually like to trade against the trend, but the reaction following the CAD CPI/retail data has me thinking it's time for a correction. The price jumped off of terrible data, but fell back below my significant level of S&R (1.329 - light blue line). The long wick on the weekly...
USDCAD is overstretched to the upside.
On the 4H chart, it is outside 800 period Bollinger Bands.
Furthermore, there is divergence towards the 1.34 level, suggesting momentum of the upward move is slowing.
I expect a pullback on this pair, especially as oil appreciates back to the $50 level, to 1.32.
Below 1.32, strong support should be expected at...
