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Intradaytrading

USDCAD Possible INVERSE HEAD & SHOULDERSHere is a possible quick setup for you guys! FX:USDCAD Overall trend on larger timeframes is showing prices headed downwards to possibly create an inverse head & shoulder signifying a possible reversal to the upside if price finds strong enough USD support to break the neckline. I applied our Fibonacci Retracement tool on the following levels, from the HIGH of Mar 30th @1.2647 to the LOW of March 31st @1.2365. (If you didn't know Fibonacci Retracement tool is used to find and visualize better entry and exit points in a trending market wave.) Here is my suggestion, Low risk Swing/Intraday Setups with possibility of massive gains if USD strength can continue to the upside. I will be monitoring DXY(DOLLAR INDEX) closely. As of right now the DOLLAR has been falling for 2 days but I expect it to find some solid support soon. This explains this pull back DOWN we are seeing on USD/CAD. Tomorrow's FOMC MEETING MINUTES (NEWS) & oil reports may cause some havoc for this pair since Canada also has a direct correlation to OIL. Make sure to trade with CAUTION. WE DO NOT chase the markets. Try your best to patiently allow the market to come to our entries. If our entries are not triggered that is OK, I will update analysis & give new entries. I REPEAT WE ARE WAITING FOR ENTRIES TO TRIGGER , WE ARE NOT YET IN A TRADE. We want the lowest RISK set up possible with the possibility of a high reward. Risk anywhere from 1-3% ONLY of your total capital by placing small LONG orders on each of these below retracement levels: 23.6% = 1.2580 (LONG) 0.10% Risk 38.2% = 1.2539 (LONG) 0.15% Risk 50.0% = 1.2506 (LONG) 0.20% Risk 61.8% = 1.2472 (The Ideal trade) (LONG) 0.25% Risk (MY ENTRY #1) 78.6% = 1.2425 (PERFECT Sniper entry) (LONG) 0.30% RISK (MY ENTRY # 2) Stop Loss: @ 1.2364 (1:3)(TP 3) Risk to Reward (1:2)(TP 2) Risk to Reward Take Profit #1 @ 1.2594 (Close 50-75% of total trade positions and allow the rest to run risk FREE) Take Profit #2 @ 1.2683 Take Profit #3 @ 1.2785 Keep your TOTAL risk at a minimum of 1-3% per trade. If these trades are triggered, I will be updating the analysis via comments so be on the look out. :) If you like these quick informative post/tips please drop a LIKE & make sure to FOLLOW ME!!
Long
by FxEarnings
2
Two Ways To ProfitWe're on the 4H chart on EUR/CAD and what we're honestly seeing is consolidation in the zones of 1.53 & 1.55. Being bullish overall on eur/cad, it's it's in our best interest to look for buys. If you're experienced in counter-trend trading then catching this retracement in the level of 1.54 will be very profitable in over 60 pips ... I mean if your price action skills is accurate and timely. (Setting an alert should help with timing.) Let's look to go long after a break above the resistance level closing above to form a support level. This will put you in profit over 100 pips if your price action is on point. You may look for a retest and then an entry especially if you're a newbie to swing trading or trading in general. - Once you're a pro, you'll know where to go!
by ISmokeFlorals
GBPUSD Intraday Risk Bets PlanI feel like this pair has some room upward and I have checked it on multiple time frame where it's only pointing me out that there is still some room upward. I am well aware of this major pair broad picture and it's trying to shift trend on higher resolution from bullish to bearish (knowing the fact it's overall bearish trend for higher time frame due to some fundamental cases). Sometime things doesn't go straight forward and even if it had to fall in future days it will obviously fall but after hitting some key level at ceiling which is why i'm saying it might have some room upward.
Long
by Anatta0
5
GBP USD BUY intraday/day trade based of fib levels and GBP hitting a strong low expecting.a bounce back at least to some extent US dollar may be dropping today end of week, lots of speculation of the virus hitting the us, few big metropolitan areas have seen a incline in cases recently even tho majority are not severe. it could still cause the speculation of us in pandemic to sell off GBP has been monitoring this very well so they should go up feel free to hit me up on instagram @matrixmanny to learn and earn with me
Long
by MatrixManny
4