MCD1! trade ideas
Half a cent in 5 Minutes
I only publish this because its interesting.
They dragged the CAD up to the VPOC highlighted went to sell it and there no buyers sending the CAD down half a cent in 5 Minutes - you don't see that everyday.
The top is the six average price and the bottom is the three day average price.
Wish I had taken that short. You would have gotten paid instantly - in this case.
Short on Can dollar 6C for the next 24 Taking short position on Canadian $$ futures. 2 contracts for the next 24 hours. Target is on the chart.
CADUSD | When and where to enter long and short#CADUSD #Futures #6CM2021 #1HR
- Here is CADUSD futures 1hr chart. Currently, yellow upward trendline is supporting and a short-term bottom has been formed at 0.82370. I am more bearish when this bottom fails supporting.
- When that happens before 5/20 19:00, I am looking at 0.82200~0.82280 as a short-term support. If you wish to enter long here, make sure to take profit under the previous bottom at 0.82370 since it will then act as a resistance due to SR Flip.
- On the other hand, if CADUSD rallies upward to test the top of the white channel before 5/20 18:00, 0.82760~0.82840 seems to be a decent resistance. If white channel gets broken above, 0.82990~0.83070 is next resistance I am considering.
- If the market gets bearish and goes through some more correction, here are some of the supports for long entry: 0.81530~0.81630, 0.81110~0.81210, and 0.80540~0.80670.
- All of the periodic references are in Korean standard time (UTC+09:00).
Canadian Dollar short put verticalMax profit: $70
Probability of Profit: 83%
Profit Target relative to my Buying Power: 20%
Max loss with my risk management: ~$150
Req. Buy Power: $430 (max loss without management at expiry, no way to let this happen!)
Tasty IVR: 28 (average at futures)
Expiry: 36 days
Sell 1 !6CM1 Jun4' 0.8 Put
Buy 1 !6CM1 Jun4' 0.785 Put
Credit Call spread for 0.70cr each
Stop/my risk management : Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 150$. Probability of loss in this way: ~10% .
Take profit strategy: 50% of max.profit in this case with auto sell order at 0.35db. Probability of profit this way: ~90%.
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW , and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview !
CANADIAN DOLLARAfter a downtrend we have a trading ring situation so we will have two possibilities:
• A strong breakout with a green candle with a high volume then a very strong buy signal.
• A breakout with a red candle then a very strong sell signal.
Personally, I recommend the first hypothesis.
cadusd long major swing rr+ 7.8 to 1 I got long here. if price beaks the low it will be a change in behavior thats been going for a few months. a 20 pip stop on a 240 chart is cheap risk and gets me below the recent low and below the major down CME_MINI:MCDM2021 swing. if price fails and cracks the major swing , we could double that move to the downside. if it hold here, I see a try for new highs.
cadusd long to median line 6.88 to 1 rrcadusd long to median line 6.88 to 1 rr. major swing entry after it made the low. CME_MINI:MCDM2021
6C1! Hi everyone,
As you can see from the graphic there is a strog signal that the CANADIAN DOLLAR FUTURES is in rise, i recommend to buy 6C1!
6C1!Hi everyone, as you can see from the graphic it is an incredible increasing trend, i recommend to buy 6C1!
6C1!Hi, as you can see the buyers are taking the advantage now in the market, a good opportunity to sell 6C1!
CANADIAN DOLLAR FUTURES An opportunity to buy and target 0.79440, after confirming the upside scenario
CAD Test 4+2 Using the moving average
+1 High time frame (1H ~)
+1 Trend trading
+1 minor Support Line
Strategy Quality 5 / 10
DON'T MISS THE OPPORTUNITY TO SELL ON CANDIAN DOLLAR FUTURES THE CHART GIVES US A STRONG PROBABILITY THAT THE CANDIAN DOLLAR WILL CONTINUE ITS FALL
the canadian dollar to buy or sell?after a long trading range, the market dropped. Then a pullback trying to reach the previous support was entamed.
if the market has a strong green volume, it is obvious that we will reach the previous tops of the market. If else, the support (yellow) will be broken and the market would begin a descend.
So let's look at the volumes and see what algotraders will decide...
Strong demand zone in Channel UpLooking to get long the Canadian on the Daily time-frame. Either enter use a LTF on way out or take the zone in Forex so you can limit risk.
