Starting to creep near the area I'm looking at buy trades from so will be watching over the next couple days to see if a long trade can present its self!
Been a bit of a slow start to the week but we are now starting to shape some possible new moves, one of them been a possible continuation on USDCAD. Ill be waiting for more rejection out of 1.24000 area before taking longs. As always risk manage and keep to that trading plan!!
we are going to discuss this in the future. meanwhile, here are the trades im in at the moment.
We are now running into a very interesting level on USDCAD and would like to see some more price action before looking at taking long trades off that area but main point is profit is secured and still keeping a small percentage running with stops at breakeven in case we see further downside.
Nice area we are currently reacting from. Id like to see price from here make a quick upside move where ill be moving stops to break even and hopefully holding a nice swing trade. Make sure you are only risking 1% max, this is a risky area but can pay off if we see a reversal.
Still holding short trades but will take 50% profit very soon. 1.26000 is area of support that has my interest for a possible trade back to the upside. Keep an eye out for a reaction from that zone to hopefully open nice entry's for longs.
Just an update on yesterdays trades, price is still showing nice signs that this support level is going to hold. I have opened a half size position I usually risk so that if price pushes back down to a better entry point I can add another position.
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...
Will be looking for positions probably Tuesday.. an upside continuation would be the idea situation as we got a late push on Friday to close out a strong daily and weekly candle. Important though to wait for the retracement and get in with the best risk reward. Will stay active and hopefully give out my entry's on a few different pairs next week.
Few different scenarios I will be looking for heading into next week..
In this vide I explain all the reasons why I expert to see more upside for USDCAD back up into 1.28250 level Thanks for watching! If you agree or disagree drop a comment or a like on the video and follow if you want to see more! :)
Just another quick explanation of what ill be looking at over the next day off the back of this usd strength.
The USDCAD has been discounted nicely, price violated the sellers on Tuesday by breaking above Monday's high. This was a buy signal, we have seen a correction, consolidation, and a strong reversal (manipulation/stops hunt) without breaking below the previous Daily low. We are buying above: 1.2607 Stop: below 1.2580 Target above Momentum High 1.2653
Hey traders, here is the analysis for the USDCAD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
No trades yet on this pair, just a bit of an overview and what ill be looking for if it can shape its self nicely...
Hey traders, here is my analysis for USDCAD going into this week. Possible shorts on the horizon, let me know your thoughts below!
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.