I am seeing this as an area that banks and hedge-funds will buy into, to the top.
SELL USDCAD: 1.31700-1.31750 STOP: 1.32100 TP: 1.30800-1.30850
El #usdcad no pudo pasar la resistencia en 1.3120, ademas el #usdollar también tiene basta presión alzista. Hay que aprovechar esta correccion de tendencia. Entras SHORT ya @ 1.3120, y vendes la mitad en +/- 1.3050 o depronto mas abajo, siguenos para recibir mas indicaciones de como continuar con este trade. Pon el Stop Loss en 1.3220. Buen Trading.
#forex #usdcad unable to break the resistance line at 1.3120 will bounce back down to around 1.3030 or more. This is just a correction. So, take half your profits around 1.3050 or less, follow this idea for more info in the near future in how to trade it. Stop Loss set it now at 1.3220. Good trading.
I am looking a Short oppurtunity by using Pending order Sell Limit on USDCAD in 1.2720-1.2780 area with take profit 1.2500, Stop loss at 1.2830
When investing in markets, always remember to get out of trade just before the trend hits the resistance line which over time maximises profit gain and reduces loss.
After pice failed to make a higher high, price has broken below support. Confirmation 1 was a significant Pinbar close. As this is a higher timeframe setup, we will likely see a second confirmation, for example a bearish engulfing candle close, or a significant Pinbar, at resistance. Resistance also correlates with a 50% fib retracement.
H4: - Tendency: Upward - Closed above support daily --> Waiting pullback downward ==> BUY
Looks like broken structure. Lack of buyers at this level tells me selling would be a good idea. The next demand level is rather far so the possibility of letting profits run longer seem very real. I've put a hypothetical trade should it occur. Update with actual trade if taken.
We have a possible scenario that USDCAD will be going up from that support line @ 1.29891 and we will have a nice bounce of 50 pips+ of profits. I will for sure keep this one updated.
We have closed below the (4H timeframe) formed trend line for the USDCAD pair. The "Income Trend Signals" indicator is revealing 'heavy' downtrend momentum. Possible sell opportunity. Await for confirmation before any decisions are made. -CoderX
This will be my views of USD/CAD Pairs Aug 2018. Please make sure to read the "update" comment as there will be changes along the way. You are welcome to "Like" and "Comment". Cheers. S0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take...