Canada
Will Previous Market Structure on Weekly Be Respected?On the 4 hour, it looks like a baby head, neck, and shoulders is forming to signal the bull. The right shoulder is missing. BUT, it's the weekly charts that got my full attention. It shows price is bearish, but a bit jagged.
We're sitting on top of where a previous market structure took place. If we break the range at 1.50748, we're gonna be in for a nice nosedive. This is my favorite pair. I can't wait to see what it does.
BULL TPS:
• 1.52947
• 1.53709
• 1.54582
BEAR TPS:
• 1.51824
• 1.50998
• 1.49809
• 1.49015
USDCAD - Strength but not just yetWe have Monday as a new cycle so we could easily push into the middle of next week for the change in trend. At the moment, the Long is too obvious & with retail traders 75% Long, The price needs to drop to collect some more liquidity. Expect an extreme spike or a long candle that will scare most long positions.
Last week saw Asset Managers start adding longs but Leveraged Funds adding a load of shorts. Take your time on the entry as it's the retail traders net Long that paint's a clear picture - who do the big boys sell to if all the little fish are already Long???
The Bias for this pair for institutional money is 85% CAD (AM) and 75% CAD for the (LF)
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
$SRU.UN SmartCentres REIT5 Yr Chart
Auto Fib
MA at 20
MACD is forming and looking towards the green side.
I'm literally a happy camper and reason being, I feel I have some 2009 and 2010 prices....
In due time, this thing will fly. The VID kinda spoiled retail business heavy but lately, I think things will get back on the right track...
I will always own these shares, FOR LIFE!
TSX:SRU.UN
#SmartCentresReit
#TradeSafe
#InvestSmartWAAS
Air CanadaAir Canada
Air Canada is Canada's largest airline and the largest provider of scheduled passenger services in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada. Air Canada together with its Air Canada Express regional partners carries more than 45 million passengers, offering direct passenger service to more than 200 destinations on six continents. Air Canada is a founding member of Star Alliance™, providing the world's most comprehensive air transportation network. Air Canada is among the 20 largest airlines in the world and employs 30,000 people. Its corporate headquarters are located in Montreal. Air Canada is the only international network carrier in North America to receive a Four-Star ranking according to independent U.K. research firm Skytrax.
For more information, please visit: www.aircanada.com, follow @AirCanada on Twitter, and join Air Canada on Facebook.
aircanada.mediaroom.com
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
EURCAD ScenarioEURCAD Scenario
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Wacht out for SL hunts, market can be volatile
Trade safe, whoopty.
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Past performance is not an indicator of future results
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Let me know your thoughts and questions, don't be greedy dawg give me a like and follow.
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ScenarioPainter
💡Don't miss the great buy opportunity in USDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.318). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 1.3260
TP2= @ 1.3280
TP3= @ 1.3330
SL= Break below S2
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$LAC Lithium Americas Corp6 Month 2h frame in a Heikin Ashi look
Fibs, vol, MA and MacD
Signs are showing 19.04 if we get this price up. I like how its looking so I'm glad to be in it and now about to enjoy the ride as well.
And to find out, they are also based outta Canada, Lets goo for my home country baby!!! hahaha
Have a good day
#TradeSafe
#InvestSmart
#LithiumAmericasCorp
NYSE:LAC
$DOC CloudMD Software and Services INCOn a 6Month 4h chart vice
I believe this stock could break out... I've been in since 1.83 but Im going to try and push up the market a bit with my little bits as well. I'd love to see this stock go to $3+ TSXV:DOC
#InvestSmart
#TradeSafe
#CloudMDSoftwareandServicesINC
#CloudMD
BUY USDCADThe return is marked from the vicinity and the superiority of the buyer to the seller is indicated by the sign of the support line
RSI returns from the floor range; Approximately 30 approved targets are approved in terms of technical analysis.
Don't forget risk management
Introduce us to your friends
The bubble is gonna burst, Covid fear returningWith US fed saying they will be waiting for fiscal stimulus before providing anymore monetary stimulus. The tech bubble is gonna burst now and with the return of high Covid infections numbers, the fear is going to be coming into market imo
Not financial advice.