You can see the Volume Trend Advisor is doing quite nicely with the indications and swing points. The Volume Trend Advisor (The red and green indications on the chart) indicates in real-time and cannot repaint as it uses closed price and volume analysis to determine likely changes in direction/trend. The Green icon = Strength/Long and the Red icon =...
Long opportunity, provided the fed maintains an Hawkish approach to the rates.
USDCAD is still struggling to break the support zone at 1.315 - 1.316. However, looking at the 1H chart we see multiple indications of a downtrend. 1. Price got rejected of Fibonacci R2 level and have seen a downward move since 2. After rejection, price came back below R1 and then crossed back to the upside but failed to stay above forming a Lower High 2. Price...
FX:USDCAD recently broke previous Swing High (SH) with strong bearish candle. Last week Swing High was rejected by Monthly level. Price formed A, B and C, D movements are exactly the same, so I'm looking on B, C line. Another great thing is that "D, E" line precisely hits the weekly level! Let me know what you think down in the comments!
Last post: March sixth. See chart . Review: Price had broken through the daily 200sma but was faced with resistance at 1.3000. Update: Price did a pop and drop above 1.3000, pulled back to the daily 200sma and since April, price has been bullish and has now broken March resistance. Conclusion: Applying patience and waiting for the right opportunity to enter...
Seems like resistance around 1.3040 is holding and what seems to be a rising wedge pattern. Are both valid enough to cause the price to break? Entry: 1.3030 SL: 1.3060 TP1: 1.2970 TP2: 1.2940
I'm not 100% sure if this is a double top, but if you agree that is it then can you help explain.
We are still in uptrend this is why i waiting for pullback in strong volume cluster.
USDCAD entered shot-term downtrend which is part of medium-term downtrend. I really like to play that kind of situations, because I know, that I have bigger chance of winning at that trade and even if I made wrong decision at shor-term trend analysis, I sometimes would be able to exit position with profit. I guess we are somewhere at the 1/3 of short-term...
Trading View on #USDCAD BUY on 11th April 2018 An intraday view on USDCAD before tonight CORE CPI EVENT. Entry Price(Asia Market): 1.2595 SL: 1.2565 TP1: 1.2625 TP2: 1.2655 If price position level at 1.2580, trader could closed the trade position. SYSTEM: RANGE TRADING TRADE MANAGEMENT BE on 20 pips Trailing 20 pips
potential h & s formation, a break of neckline would be confirmation
Tonight, we have the CAD employment data. No significant change expected in the data. However, if we get a positive NFP data, we could see the USD strengthen further. Giving the USDCAD a solid base to bounce off support of 1.2750. However, a buy trade should be triggered only if 1.28 is breached.
Trading View on #USDCAD Buy on 4th April 2018 An intraday view on USDCAD Entry Price(Asia Market): 1.2780 Stoploss: 1.2750 Take Profit: 1.2810 Take Profit2: 1.2840 System: Range Trading BE on 20 points Trailing 20 points if the price at 1.2765, can consider to close the position/scale out.
There's an oportunity to have the fifth wave