cnesrin

cnesrin

Hello, Traders! USDCAD is fun to trade. There has been so many good opportunities for long entries this month and I expect the uptrend to continue. I prefer to go long in an uptrend and short in a downtrend rather than looking for short and long entries in the same chart. It has been safer this way and that's how I think unnecessary losses can be avoided. If you...

cnesrin

Hello, Traders! I expect a short term continuation of this downtrend. If we take the current movement to the downside into account we can see that it's pretty weak and that a flag consolidation is being formed. On the daily time frame the 200 MA indicator might act as a support. It is better to watch this pair closely as it could soon move up again. What do you...

cnesrin

Hi, traders! USD/CAD formed a pattern which kinda resembles a cup and handle (I don't know if I can call it a cup and handle , please correct me if I'm wrong :D), and on the monthly time frame I see a double bottom , therefore I'm hoping for the continuation of the bullish movement. I'll wait for a retest at the 4h timeframe before entering a long position. What...

cnesrin

Hello again, Traders! This is my second post on this website. Last week was a success which is a big motivation for me in my trading journey. This time I used the 200 MA to analyze USD/CAD on the 4h time frame. It acted as a support before and might be rejected another time, which could be an indicator for a bullish movement. In this case I'll wait for...

cnesrin

Hi, I'm new to forex trading and trading in general and need some advice since I'm never sure if my way of analysis is good enough. I'm thinking of shorting based on the head and shoulders pattern and the lower lows and lower highs that show a change of the uptrend in the 45 min time frame. I have a far way to go to become a profitable trader and I'd be grateful...