USDCAD is looking like it can fall down in price or form a new area of consolidation!
We have to wait until Monday to see what price wants to decide what to do.
I believe that the price will go down where it will break through support, retest, and then sell where we will place our sell orders!
On week 7 AUD was toighest, JPY was weakest among all pairs.
For AUDJPY I will short due to heat meter
Downtrend with exhaustion candle.
Uptrend , 2nd test of 4H SR
Thanks for viewing
I got the thought in my head that the pair was worth shorting so entered where the two red dashed lines are and waited. Now, Te upper dashed line was entered before the bounce (while price was still going down).
Soon I will be placing my stop loss at break - even and will just let this one ride. Tentative target 0.88 but it could go much much...
SELL USDCAD FOR LONG TERM. WAIT PRICE RETRACE ABOVE 1.3500 AND FORMED A BEARISH CANDLESTICK REVERSAL SIGNAL, THEN SHORT.
THIS WILL BE A LONG TERM TRADE. WE WILL EXIT THE TRADE ONLY AFTER PRICE FORMED BULLISH PATTERN ON WEEKLY / MONTHLY TF.
TARGET SHORT @ 1.3550
USD/CAD is passed the 61% fib but showed a double top with an obvious level of resistance and we saw a push, now thinking the push will continue with a slit pull back but overall down. Good luck traders!
I am short this pair at the break of 1.3100 support. There has been a recent up-trendline break which is adding to the confluences. Looking to take down to my first target around 1.2900 support then further later on in the week.