Just a a bit of an explanation to my USDCAD buy trade to start the week which is now running risk free. For these intra day trades I like to be a bit more aggressive on the charts quickly moving stops to break even to cover my positions and having tight stops from entry to minimise risk. I cant always update my entry in video form but will do my best to alert my...
The zone to the left provides a great area of demand to bounce from.
I would like to see some rejection and structure shift on the lower timeframes before we begin to buy into the bearish imbalance on the way down.
What are your thoughts on this setup?
Hello everyone, as we all know the market action discounts everything :)
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On July 20 I posted my analysis on the market and told u that a cup and handle pattern has formed and the market is looking Bullish...
welcome to another free trading-setup.
Point of Risk-Reduction: 1.27090
Stop-Loss: 40 pips
Risk: 0,5% -1%
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We consider selling this USDCAD pair because of a strong resistance above. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
The loonie-dollar pair had risen to its highest level in a month the day before, as the US dollar's safe-haven demand was bolstered by a broad risk-off mindset. Concerns about the upcoming federal elections in Canada, as well as low prices for Ontario's principal export, oil, ran parallel.
It should be mentioned that rumors that a senior US Senator, Joe Manchin,...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello Fellow Trader.
Today let's analyse the USDCAD currency pair. FYI, these pairs consider as Major pairs in currency pairs.
From a weekly perspective, we can see clearly this pair currently completing a market structure before starting a downtrend rally. If you guys analyse carefully, you guys will see the market momentum getting weaker which is mean, this...
Evidence For Short
1) Market has not able to cross strong resistance twice.
2) Double Top is formed at resistance level.
3) Ascending wedge can be seen in chart pattern that represent bearish reversal.
4) Divergence can be seen on RSI that also sign for reversal.
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Price retested flip zone, trend-line and Level 1.27000
I'll be looking for buys on level 1.27500
- Overall Trend is still bullish, however we've seen a little rejection around level 1.28000-1.29000 (Watch out for signs of a reversal)
- Price broke and retested level 1.27000 & Price flip zone (Blue)
- Price respected trend-line
- USD has shown...