USD/CAD: Targeting 1.27700
Updated
Hi guys,
We've got two nice rejections of 61.8% fib level from the top of the structure + RSI divergence on H1. It's enough for me to consider a short trade on this pair.
I am targeting next fib level @ 1.27700 as soon as the current parallel channel is broken to the downside.
Best,
Jesse
We've got two nice rejections of 61.8% fib level from the top of the structure + RSI divergence on H1. It's enough for me to consider a short trade on this pair.
I am targeting next fib level @ 1.27700 as soon as the current parallel channel is broken to the downside.
Best,
Jesse
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guys, as mentioned the trade should be taken IF the parallel channel as shown below and above is broken. Cheers
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Patience patience as always ;) could be a nice 70+ tradeTrade active
I am not waiting for the breakout, already getting inComment
Price is going up, volume is going down = bearish. NEW TARGET at 1.27680
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Bearish volume building at top of this corrective structureComment
ok guys this should technically be our top Comment
Sorry the windows was cut again Comment
window*Comment
ok guys, being rejected at 61.8% of the Pullback. Volume on M15 is going down, I am keeping my current short
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What we can see is that this up move is not supported by increasing volume which could let us think that bears are waiting at the corner to short it again. This 61.8% fib level could be the level of reaction which I am expecting since this morning! Wait and see. Red news in 15 minutes. Comment
Orange dotted lines = fib level of the bigger structure
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there you goComment
I know you guys can barely see something but what's interesting to observe is that: 1. There was a down impulse then a pullback which was rejected at 61.8%.
2. It went then down and up again and this was also rejected at 61.8% fib level
I have lowered my target as shown in the chart.
Off the charts a couple of hours.
Best
Jesse
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New target @ 1.27580Comment
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Bears are in da placeComment
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increasing selling volumeComment
Guys, check this out: The candle broke the support and CLOSED below it which is a good bearish sign as well. Comment
off the screen til tomorrow guys. Monitor your positions ;) volume is decreasing = Pullback
since the trend line was broken + we have a high volume bearish candle I don't expect it to be deep...
Let me know when you close it I am curious ;)
Best
Jesse
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Quick update before tomorrow: I am selling any pullback
Have a good evening/night guys!
Jesse
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As you can see, the trend line was broken. Volumes are indicating it's bearish and are diminishing currently suggesting it's a pullback.
RSI trendline on H1 was broken as well confirming it's gonna go down.
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I am adjusting my targetWe have a high volume nod at 1.27700 suggesting bulls will defend this level pretty hardly.
My 1st target was good after all ;) 1.27720 to be on the safe side.
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Currently trading at 38.2% retracement from topComment
Hey guys, the USD is super strong,it looks like the pattern has changed. I am out of this trade.Comment
Watch out, the pair could rebound from this area Comment
This could be a PBRelated publications
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