✨NEW: USDCAD ✨ INTRADAY ✨-SL @ 1.3233 (2H) 🚫
SLO2 @ 1.3195 (2H) ⏳ — conservative
SLO1 @ 1.3160 (2H) ⏳ — moderate
TP @ 1.3125
CAD
🔥 NEW: USDCAD 🔥 COUNTER-TREND LONG 🔥RESISTANCE @ 1.3354
SLO @ 1.3340 ⏳
TP1 @ 1.3333 (closing ALL Buy Orders)
BSO @ 1.3265 ⏳ (pending)
SSO @ 1.3245 📉 (triggered)
SUPPORT @ 1.31175
🔥 STOP LOSS MODIFIED: USDCAD 🔥 Counter-Trend TradeRESISTANCE @ 1.3269
SLO @ 1.3245 ⏳
TP3 @ 1.3235 (closing ALL Buy Orders)
TP2 @ 1.3210 (shaving 25%)
TP1 @ 1.3190 (shaving 25%) 💰 +24 pips
+SL @ 1.3169 🚫
BSO @ 1.3166 📈 +28 pips 🤑
BLO1 @ 1.3150 ⏳
BLO2 @ 1.3140 ⏳
SUPPORT @ 1.31246
💰 TP1 is in the bag for a profit of +24 pips
💪🏾 TP2, here we come!!!!
🤑 BSO Net Equity is @ +28 pips
🚫 Stop Loss has been modified to preserve capital (see above)
🔥 NEW: USDCAD...LONG 🔥 SWING 🔥RESISTANCE (major) @ 1.3550
RESISTANCE (minor) @ 1.3466
TP2 @ 1.3550 (closing ALL Buy Orders)
TP1 @ 1.3466 (shaving 50%)
BSO @ 1.3300 ⏳
The USD against the CAD has been trading in a downtrend for the past few months, and it is currently approaching the major resistance level of 1.3550. If the price respects this level, it could signal a reversal in the trend and a continuation of the downtrend retracement that began in mid-October 2022. Also, there is a minor resistance level at 1.3466, which I believe will cause a pullback, so I'm going to shave off some profit and hold my remaining position up to major resistance. Ultimately, the direction of the USDCAD will depend on market sentiment and the outcome of various economic events.
ADDITIONAL INFO:
—If the US Federal Reserve raises interest rates more aggressively than the Bank of Canada, it could put upward pressure on the value of the USDCAD.
—If the US economy continues to grow at a faster pace than the Canadian economy, it could also put upward pressure on the value of the USDCAD.
✨ NEW: USDCAD ✨ SWING TRADE ✨SLO @ 1.3770 ⏳
TP4 @ 1.3740 (closing ALL Buy Orders)
TP3 @ 1.3633 (shaving 25%)
TP2 @ 1.3566 (shaving 25%)
TP1 @ 1.3466 (shaving 25%)
BSO @ 1.3366 📈
BLO @ 1.3305 ⏳
ADDITIONAL INFO:
With CAD and USD News on the horizon, I'm anticipating another bounce to the upside before PA continues the DT.
🔥 NEW: USDCAD 🔥 AGGRESSIVE DAY TRADE 🔥I just placed the following trade. This is a counter-trend trade. Enter at your own risk. Manage your trade and use conservative position sizes.
USDCAD...UT
SLO2 @ 1.3452 ⏳
SLO1 @ 1.3438 ⏳
TP @ 1.3433 (1H)
MO-LONG @ 1.3377 📈
VIDEO ✨ NEW: USDCAD ✨ PRE CAD NEWS ✨-SL @ 1.36681 🚫
SLO2 @ 1.3620 ⏳
SLO1 @ 1.3525 ⏳ (half position)
TP1 @ 1.3350
TP2 @ 1.3215
TP3 @ 1.2980
TP4 @ 1.2833
BLO @ 1.2795 ⏳
-SL @ 1.27278 🚫
00:00 PRE CAD NEWS
00:58 Boost, Follow, Comment, Join
01:40 Technical Analysis
02:54 Fundamental Analysis
05:42 Curve Analysis
07:42 News Anticipatory Trend
08:08 Risk-to-Reward
09:44 LIVE STREAM @ 05:15 PT / 08:15 ET 🔥
CAD scalp update, price action going as expectedAs part of a series of short videos, this is just an update explaining where we are in terms of seeking to scalp the bearish landscape for the day ahead.
It also talks about the gold trade that we got triggered into as the US dollar bulls take profits and pack up for the day ahead of Frankfurt later on. we want to see dollar supported, or otherwise, it all goes to sh1t really! at least for the time being.
buckle up for the Jackson Hole, 10 am et Friday.
