USDCAD 1.25518 + 0.47 % LONG IDEA * PRICE ACTION + STRUCTURE
Updated
HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / CAD PAIR.
* The PAIR is currently trading in an ascending channel but seems the channel now consolidating in a descending channel within this structure That just saw a test of the base of structure.
- Short term the pair has currently entered an up trend as WE broke above the double bottom formation on the 4h chart.
- There is a demand zones to look out for on the pair at 61.8 % fib before we continue with the bulls.
* A break below of this level changes the plan and we await the market to show us direction.
- Looking for LONG entries on the pair this week should all the rules of the formation be met.
HERE'S WHERE WE WHERE ON THE PAIR LAST WEEK.
https://www.tradingview.com/chart/USDCAD/9LiBfpqp-USD-CAD-1-26373-0-05-SHORT-IDEA-PRICE-ACTION-CPNTINUATION/
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / CAD PAIR.
* The PAIR is currently trading in an ascending channel but seems the channel now consolidating in a descending channel within this structure That just saw a test of the base of structure.
- Short term the pair has currently entered an up trend as WE broke above the double bottom formation on the 4h chart.
- There is a demand zones to look out for on the pair at 61.8 % fib before we continue with the bulls.
* A break below of this level changes the plan and we await the market to show us direction.
- Looking for LONG entries on the pair this week should all the rules of the formation be met.
HERE'S WHERE WE WHERE ON THE PAIR LAST WEEK.
https://www.tradingview.com/chart/USDCAD/9LiBfpqp-USD-CAD-1-26373-0-05-SHORT-IDEA-PRICE-ACTION-CPNTINUATION/
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Trade active
Related publications
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.