Head and Shoulders Head and Shoulders Head and Shoulders If you can't see the LH's being made use the line chart with a clean chart no indicators
Also to add more to what is going on with the dollar
Today A LOT of people didn't pay their bills because they are without a job,
The economy is going to fall to restart the chaos covid 19 has created.
Sell Sell Sell
Fear in the Market
Shortusdcad
USDCADEXPLAINATION:
Price is at the bottom of the Channel, there is a good chance for price to spike for another top.
However, for long term analysis, references from COT Data and Interest rate decision remain price for the downside.
There are 2 scenarios to execute this trade:
1. Price falls from point A to the downside
(Watch out for the bottom)
2. Price can spike for another top and sell from point B
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Step 1: Identify your mistakes
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USD/CAD 4H Short (sell) opportunity we can get a short trade when the price
rise up to short levels 1.35880 -1.36230
targets and stop lose on chart >
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So please make your decision based on your vision .
To protect capital and manage your deals and trading successfully
the maximum loss in each transaction for the same currency or
commodity in the same direction should not exceed ( 2% ) of the capital .
Good luck >>
USDCAD sell right now. Very afraid but interest RRR.Open sell order at price 1.3306
SL - 1.3329
TP - 1.3130
RRR - 7.67
I am afraid that i take SL on continue BUY impulse. But impulse was only 24 hours and main trend is down. So lets think that it was only fast big correction and down movement is continue.
USD\CAD A DownTrend been Confirmed! Potential 70% Profit.My Friends,
USD\CAD Just confirmed A downtrend Change on daily\hr4 Candle, I will wait for the levels I mentioned and enter short,
just as I mention on all the chart take as much profit as you can and re enter with good stop loss, as of me I trade with higher lot\quantity I always take profits fast and wait for new opportunity,
Good Luck.
*Trade at your own Risk.
USDCAD - WEEKLY SWING - 26. SEPTEMBER 2018WELCOME TO DACAPITAL TRADING!!
WEEKLY FOREX MASTER SIGNAL
4 HOUR
Explosive H4 Candle agains the trend taking out sellers, good entry for us!
DAILY
Bearish Waving market with small Pullback in Daily Timeframe
WEEKLY
Market Overbought and strong bearish reaction to 1.33900
LEVELS
SELL USDCAD @ 1.30040
SL @ 1.31010 (95 Pips)
TP1 @ 1.28950 (110 Pips)
TP2 @ 1.28560 (150 Pips)
SL TO BREAK EVEN @ HIT OF 88.60% FIB LEVEL
„Weekly Swing trade with good Entry and RR.“
Enjoy our limited Content and Setups,
leave us a like and Comment!!
USDCAD : Shorting Trade setup with trendline The extended support trendline got retested and making lower highs in Usdcad, this setup can be used by both conservative & aggressive traders as mentioned in the chart. Anyway it got good risk:reward ratio, checking with your trade plan before placing the trades is suggested :)
Sell USDCAD .. Price Action + Resistance + OverSold .The USDCAD has reached a resistance and showed up a good price action as a daily candle has closed bearish , and the Stochastic is OverSold at 80 Level .
I'm expecting the pair to respect it and go down to touch 1.3320 and then we wait for a new condition .
USDCAD 2618 (3618?) trade setup on hourly chartWe failed to make a new higher close on the daily chart. If we go to the lower 1H timeframe we see a triple top and break of structure to the downside. Therefore looking to short this as a 2618 trade again at the 61.8 fib (technically it is a 3618 ;).. but I dont think that terminology exists). So a good chance again after a failed 2618 trade on the 4H this week (stopped out at 1.3281.. madness).