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Loonie

EURCAD - Trade Idea.EUR/CAD Cup & Handle Formation...! As I am sure you are aware, from the previous posts I've written and I will say it again: longer time frame indicators short time frame movement. I am long term bullish on EUR, since around 1.13 half to 1.14 areas.. By seeing this formation, makes me even bullish, but I want to get in at a cheap price, because that's what will give you the greatest R/R. Now today we have Powell speaking, which could shift the market in either direction. I won't be trading whilst this even occurs, as it could go either way with increasing amount of volatility. Technicians: Bullish formation - Cup and Handle formation - Bullish Flag forming - Keep support areas to keep an eye on Be sure to follow your trading plan, add your own technical analysis indicators. I'd wait for key pull back or break out of the bullish flag forming then pull back then add further risk towards the bullish momentum occurring. Just a trade idea, not a recommendation. All the best, Trade Journal
by Trade_Journal
Loonie, a nice risk-reward setup Based on current market conditions, this would be nicest BUY setup with a great risk-reward 👌 Happy Trading, Stay Green! ✌️ ➖➖➖➖➖➖➖➖➖➖➖➖➖ 💬 Please let me know your view about the idea 🔗 Check out the "Related ideas..." in the links below too ➖➖➖➖➖➖➖➖➖➖➖➖➖ 📌 Kindly note that Forexian is not a signal provider. The published idea is ONLY our views and analysis of the market! Forexian does not take any responsibility for your decisions and/or trades.
Long
by Forexian
USD/CAD - Where to next?! Right...Let's look at the bigger picture! Loonie CAD - Technicals - Weekly: Strong Bullish channel since 2017 - Been holding up well. Yellow line - from past triangle formation - Finding nice area of support. 200 EMA (GREEN) - Again been respected. We are struggling to pass the 200 EMA - as well as the key support areas of the channel, there might be a possibility of a pull back towards 1.34 half areas to 1.35 areas. We've had strong bear action occurring. However, pull back might be due till we decline further - However, be aware key trend-line areas from the past occurring and the 200 EMA - until we are not below the 200 EMA - the bulls could gain back into control. Things to keep in mind - Seasonality, add alerts to 200 EMA or key trend-line/channel areas as we are at support until it's broken! Long term time frame, indicates shorter time frame movement. Enjoy - Have a great week ahead. Remember: Just an idea, not a recommendation.
by Trade_Journal
USDCAD - It's been a tricky time for sure..! (INTRA-DAY IDEA!)USDCAD - Technicals - Keep in mind WTI. Technicals: In a descending channel support area! Bear Control: Under 1.32512 we have the bears in control could reach the area of 1.32356 any lower the next support areas. Bulls Control: Above 1.32891 and the next resistance areas. It's been a lot choppy in trading intra day wise. Majors heading to high areas again on EUR, GBP Etc. Keep in mind longer time frames. Fundamentals: Unemployment & NFP for this week. Remember: Just an idea, not a recommendation. Have a great day.
by Trade_Journal