USDCAD Buy after the breakHi Traders,
USD/CAD has caught my attention once again. This time against my Original bias a few weeks ago. Looking at the Dollar we see that it has been strengthening across most major pairs. USDCAD has now created a false break out and I see opportunities to find a Long position.
If we look left, it may seem like Price is currently retesting a previous level of support which has now become resistance, This could result in the level (1.29150) forcing Price lower. I am personally not interested in this play to the downside as this has a low probability.
Price Is currently in an uptrend on all higher timeframes, Price has also created the False breakout and then started pushing to the upside. Now we have a barrier that needs to be taken out before I will be looking at entering.
I will be using the simple Break and Retest method to enter this trade. No break, No entry, If price flies after a break of structure with no retest, I also will not enter.
Be safe and remain Patient.
Renaldo Philander.
Profitabletrade
I said this was one for the swing traders 👌🎯This is a quick update for a trade idea I shared two weeks back.
I did say it was going to be one for the swing traders and the trade has hit profit target 17 days later.
The pair in question is a NZDUSD working the H4 time frame. Strategy is a 1:5 RR ratio.
This kind of trade epitomises the importance of sticking to the plan.
Good profit was on the table a numerous points. Slight retraces occurred but it's crucial to stick to your strategy.
A back test of 34 trade samples over three years tells me this strategy is profitable. I simply let probability play out combined with patience.
That very trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
SRM/USDT - More than 100% potential!Hello guys, another trade for you, this time with SRM and with USDT pairing! I predict more than 100% potential, so stay tuned and don't buy until it reaches the Entry Point :)
GOLD / DOLLOR - Follow The Big Hands !Hello Brother and Sitsters!
This is My Gift Today for you, as always Take a deep Look at the analysis i made and you will got it ,
absolutely it's became Easy For you to make a decision !! More details There for you to Understand in each idea i share
how you could change the way you think using this concept to Make better desicions an For sure Profitable Trades !
You know know The Target, just Manage your Trades !
An idea: What i Do i divide My Position Size here By 3 and i SELL @ different Prices
GOOD Entry are @ R1 of Daily Pivots 1/3
Seconde entry @ last Supp levl 1/3 and then Last 1/3 after a confirmation
If they Pushed above The R1 i got My Two 1/3 , So i Re-enter @ other Prices after some confirmations
The SEELING PRESSURE THEY WILL CREATE IT ! keep it in your Mind
So You can Manage you Trades us u want , Focus on SELLING !
Thank You
Live Free.