Call Credit Spread on /6CCall Credit Spread
Symbol:
/6C
Expiration Date:
09/09/2022
Days to Expiration:
16
Opening Options:
1 Call at 1.7875
-1 Call at 1.7800
Probability of Profit:
75%
Max Loss:
$620
Max Profit:
$130
6C1!
6C1! ShortHi Everyone,
I'm waiting for Short if the break break the trend-line.
Signals:
- Price in Resistance.
- Main Trend, Bearish .
- Close to The top of the Bearish-Channel.
Good Bye & Good Trading!!!
CANADIAN DOLLAR FUTURES (6C1!), H1 Potential for Bearish DropType : Bearish Momentum
Resistance : 0.77520
Pivot: 0.77025
Support : 0.76450
Preferred Case: On the H1, price is moving below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 0.77025 in line with the overlap resistance, 23.6% fibonacci retracement, 78.6% fibonacci projection and 50% fibonacci retracement to the 1st support at 0.76450 in line with the swing low support.
Alternative scenario: Alternatively, price may break through pivot structure and rise to the 1st resistance level at 0.77520 in line with the overlap resistance and 78.6% fibonacci retracement .
Fundamentals: There is an expectation of a rate hike of 75bps from the BoC in July and the markets might be starting to price in the policy adjustment which gives us a weak bullish bias.
6C1! increase in the pricewe will see a continuation of the downtrend after the confirmation of the range breakout
6c1! increase in the priceafter having a forceful break of a strong resistance from a large candle with a large volume we will see an increase in the price
6C1! increase in the priceafter having a forceful break of a strong resistance from a large candle with a large volume we will see an increase in the price
6C1! increase in the pricewe will see an increase in the price after the breakout with strength of the range
the canadian dollar to buy or sell?after a long trading range, the market dropped. Then a pullback trying to reach the previous support was entamed.
if the market has a strong green volume, it is obvious that we will reach the previous tops of the market. If else, the support (yellow) will be broken and the market would begin a descend.
So let's look at the volumes and see what algotraders will decide...
