USDCAD has met requirements for our playbook setup: Break and Retest for our last NY trade of the day. Lets see if a pullback in the markets can trigger at least a 2R gain.
USD weakness across the board points us to a simple break and retest setup using buyer depletion as our entry
UC has met requirements for a H&S/Libra setup, as well as a reversal setup and even a breakout setup. We will be using the inside bar break out setup for this trade and expect minimum 1:2 RR
Hello all! Back with another one, this time USDCAD.. The pair FINALLY broke consolidation. Now, i will monitor LTF to follow the continuation to the next Supply zone (marked). UC broke a strong supply today, and now we can look to take LONG positions until 1.372.. Trade safe, take care!
Price has qualified for a Libra setup with entry criteria being met, USD seems to be losing strength across the board in confluence with this idea
This is my attempt at accurately picking the bottom of a very long pullback for UC. It feels like a downtrend, but in reality I think it's a pullback within an uptrend. Therefore, this pair is bullish. Be aware of the very wide SL, in case this entry fails and keeps pushing down further.
I saw a very opinionated user in the forex chatroom who's holding a short position on this pair, saying that a) it's on a downtrend and b) it's heading towards 1.3000 level. Although I've never traded this pair before (I'm more of a GBPJPY guy), upon opening the chart and doing some analysis, it made me have a bullish bias and I think it's going back up to make a...
Please this is not a financial advise rather its an aid to point you to the possible direction!
Hi there. On this pair nothing special. We bounced from strong and old trendline on July 1st and climbing new heights now. Also crossed old and strong level and entered zone of liquidity. So here we just looking for buy on any possibilities. But keep your eyes on this trendline. If we break through it - then we're done. We will roll from this rock and next stop is...
A Possible sell on UC, as we can see price dropping from the high, we might see price pullback upwards to form a Double Top.
USDCAD Monthly chart exposes some weakness in the pair, as we have made a bear flag rejecting the old 'fair price' this and rising oil prices, should lead to a move to the downside in USDCAD in the following months.
USDCAD is looking like it wants to attempt a move down in the coming weeks and months, with price making a Bear Flag from the highs in March 2020, We could see Oil prices being a catalyst in further descent as there is typically an inverse correlation between the two. Price appears to be searching on the Weekly for lower lows.
Usdcad proving to really be a bearish market and selling it would be a definite go to trading bias
Usdcad sell setup heading into a pre dominantly existing bearish market let us use trade parameters
More on supply area we see a nice indication of usdcad price declining as it head further up to the supply zone we are looking for swing sells all the way to our demand below