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).
- 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).
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
토미 라이브 차트 보기: litt.ly/tommytradingtv
Youtube: bit.ly/Tommy_TV
Telegram: bit.ly/Tommy_Main
트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
Youtube: bit.ly/Tommy_TV
Telegram: bit.ly/Tommy_Main
트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.