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Looks like in the 1D chart the price is going to fall a bit, but in the 1W chart its clearly bullish.
MACD and Stoch RSI are on great position to expect an upward movement on the price.
There is a strong resistance that is not letting the price rise but if we go back 3 weeks ago, we can see a bearish candle that closed outside the Bollinger Band and after that ...
The price now is in between a support level and a major resistance level, that's why the last candle was pulled down.
On the Currency Strength Indicator, the GBP is becoming stronger while the JPY falls a little bit.
Stoch RSI shows a nice view to go long, the line K is close to cross the line D, which it gives us a good chance to go bullish along with the pair.
The price just bounced back from a past support level, bullish candles are giving a green light to go long. MACD line is about to cross the Signal line and Stock RSI is deep on an overbought level. The TP could be in the next past resistance level.
Why shorting USDCAD? The last 2 day candles closed below a strong historical price line that comes all the way back from 2015, today’s candle remains below the line even though it’s bullish. MACD has already negative volume and Stochastics is above the overbought zone. Stop loss and take profit are also based on historical price lines.