UC
Time for CAD to gain some strength from USD. Bearish Harmonic Deep Crap Pattern on the H1 chart.
I expect price to continue moving downard in respect of this pattern.
A break and close below this dynamic support will enable the bears to push price down to the 1.38750 double bottom bull terrain.
Teacup pattern Long position omg this is every traders dream right here, LOOK at all of those perfect setups
USDCHF Long ChannelHello Traders,
UC seems to be trading in a upward channel along a disjointed channel respectively, it has been correlating with DXY very well
Trade Safely
USDCADas seen with this breakdown now looking at the overall price action on UC, i would be looking to take this long once we get the 3rd touch on that trend line we can see the double bottom area course this can go from there but i think it will push below that zone and then move from the outer structure.
UC Weekly Classic Cup & Handle or not?Looks like a classic UC Classic Cup & Handle to me with EURCAD and GBPCAD at lower levels and CADCHF and CADJPY residing at higher levels, this C&H pattern could very well confirm its continuation of the already set uptrend.
However, in the exceptional case that USD devalues at the same time and at the same pace or faster, UC would drop from where that happens, possibly drawing the same structure as it did January 2016, swing up to 1.47 and then down to 1.24
USDCAD POSSIBLE SCENARIO- Waiting for a pullback
- entering on completion of pullback if 4hr tf prints a bullish engulfing candle
- using appropriate risk management
USDCAD Buy Signal with target (+333pips) for more trades like this, leave a comment if you support
22:32:10 (UTC)
Tue Feb 4, 2020
USDCAD Short After NFPUSDCAD Short - Daily Timeframe
Entry - 1.305
TP - 1.285 - 200 pips
SL - 1.315 - 100 pips
Disclaimer- I will ordinarily avoid trading around or near NFP, but I'm making an exception this time around, which could turn out to be a bad move. I've been in and out of shorts on USDCAD for a while now, but this looks like an opportunity to capitalize on a larger move down.
Fundamentals:
- Oil prices continue to rally with an unsettled US-Iran situation.
- US Hourly earnings and NFP numbers missed projections.
- Canadian unemployment rate and new change in employment beat expectations.
- Central bank interest rates are even at 1.75%.
- Majority of retail traders on Myfxbook (86%) are long.
Technicals:
- Price broke out and retested a long-term ascending trendline.
- Price on the daily timeframe is below the Ichimoku Cloud, 200 MA (blue line), and 30 EMA (green line).
- Made LL last week.
We'll see how it goes. It's possible I'll have missed an opportunity to enter at a more favorable price. Didn't open a huge position- risking 2% if SL is hit.
Thanks for looking,
-Zedro
UC PLAY - PENGUINS ARE READY FOR 2020:) USDCAD 1/1/2020
Hello Traders!
We would like to show you a game...
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs.
Targets are marked on the chart as a crosshair.
Heart in the box - a place to jump in/out
Sign with exclamation mark - places to be aware of a few different types of reactions from this level
Target sign - the first target to focus on
Thunder sign - spot to react - possible jump to push into reversal
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy.
Like it if it was helpful to you. We appreciate the likes and comments.
Provided feedback helps us with the future service. Got questions? Feel free to PM us!
Thank you for your attention,
GOD BLESS U ALL!
UC: Short setup remains I'll be looking to get into a short contract at the short-zone shown in the chrat. I think we will fulfill the level then roll over to the downside. Stay tuned for an entry.
