Possible for a short position if there is a retest of the broken trend line support on the H4. Entry --> 1.32502 Stop --> 1.32773 Target --> 1.31888 R:R --> 2.27 Cheers, Chloster
USDCAD short swing trade set-up based on over-extended rally, testing strong resistance, lower highs, lower lows evident on the 1D with price action at the top of the channel. I'll take 80% off the table at T1 and trail the rest. Not financial advice.
$USD/CAD short swing trade set-up based on strong directional bias on higher time frames. If we get a retrace to the .618 sell zone I'll enter, otherwise I'm happy to let it go. I will never FOMO in and always let price find its way into my set-up, if I miss out then so be it, there's lots of other opportunities. Not financial advice, trading FX is high risk.
We have second down imulse. And wait for third impulse. So open sell positions on USDCAD by SellLimit on 1.3164 Problem - today NFP. So you need to open positions with low risk and waiting for big slippage! We have 3 TP goals TP1 - 1.3116 TP2 - 1.3049 TP3 - 1.3004
Hey Trayders, Just a quick update on the trade taken last Friday. We printed a new Support line from yesterday's price action and are being patient for a new, lower resistance line further down in price. I am personally following the strategy loosely in this test because I believe we will move down to trendstart (seen on the original leg down from last January)...
USDCAD Short Setup Risk Reward: 3.38 Duration: 12~15 Days Support & Resistance StochRSI
We will find out, the daily uptrend for the USDCAD has finally broken as it neared 2018 highs. The ema's on the Daily are still bullish but that is really the only indicator signalling potential bullish momentum right now. I'll be looking for a short entry in or near this yellow circle I've drawn. Which is also a 50-61% Fib Retracement, which is right where I like...
BOC rate hike is expected Dollar seems to be getting rejected again at resistance UCad also hitting resistance and fail to break RR is good so short opened --
Hello ladies and gentlemen, i hope you all having a nice weekend. Today we have a post with educational idea of elliot waves. Let's observe together, i hope you will like it. Rules of Elliot waves: 1- Second wave's low is higher than first wave's low. 2- If second wave makes a sharp correction, 4th wave will make a flat correction or vice a versa. 3-If 3rd wave...
USDCAD poke above resistance level at 1.3230, however it is showing weakness on 4H. There is another swing level present at 1.3260. SL is set slightly above this level at 1.3320 If my posts have benefited you, please help out by liking my posts and following me. Do visit my Patreon page. Thank you for your support.
USDCAD had a bullish engulfing candle on daily chart followed by rejection at key level at 1.32230 on 4 hourly chart suggesting likely short set short up. Suggested set up: Entry @ 1.32230 Stop loss @ 1.32723 TP1 @ 1.31475 TP2 @ 1.30810 TP3 @ 1.30016 TP4 @ 1.29290 RP
USD/CAD made a reversal on Friday during the news. The entry already happened but you can still trade down with the new trend and jump in during retracements. Analysis -Hit 1.618% fib retracement of previous structure lows and highs -Hit the top of the channel -Created a doji on the daily chart -Also were some divergences on the hour chart showing selling...
We have a double top followed by a one bar push down, then the projection point is immediately tested, then the longer wick shoots out further above the double top but cannot maintain any body so closes below. This makes it an ideal short because it's possible there are traders trapped to the long side which might have the effect of pushing price lower. The blue...
Riding the bearish price action being played out in the weekly and daily chart, coupled with the news about Syria attack that pushed down the dollar further, while the loonie is being boosted by the likelihood of having a successful outcome in NAFTA negotiations and rising oil price. Setting up short stop order to catch a possible breakout @1.25523 in the hourly...