USACAD, 4x but not 4x more like four and for and x and exTrends marked
Price Targets marked
All of these trends are fairly strong on their own
but it looks like this wants to head down before up
maybe to 1.08?
1.22 in the near term sound reasonable?
This chart was requested. I don't pay much attention to this chart so let me know if I'm missing something I'd normally pick up had I been monitoring this more frequently.
But, I think I got all the important trends and longer term price targets.
again, I was hesitant to draw a line, but I think it better shows the downside potential. I wouldn't follow it, I'd expect it to be incorrect, instead focus should be with the trends and price targets.
Usacad
Sell USDCAD SW 070323 15.00📌📌Signal Sell EURCAD 📌📌
Link :
📍📍Open order 1.36000
Sell lim 1 1.36600
Sell lim 2 1.37200
Sell lim 3 1.37900
Sell lim 4 1.38700
Sell lim 5 1.39300
Tp 1.34600
Sl 1.39900
Warning !!! (Swing trade must be use pending orders)
!!!Pending orders should be set up lot size step by step
Example
(15,000$)
Open order 0.1 lot
Sell lim 1 0.15 lot
Sell lim 2 0.20 lot
Sell lim 3 0.25 lot
Sell lim 4 0.30 lot
Sell lim 5 0. 40 lot
Sell lim 6 (last order) = 0.1+0.15+0.2+0.25+0.3 = 1.1 lot
Example
(3,000$)
Open order 0.04 lot
Sell lim 1 0.05 lot
Sell lim 2 0.06 lot
Sell lim 3 0.07 lot
Sell lim 4 0.08 lot
Sell lim 5 0.10 lot
Sell lim 6 (last order) = 0.04+0.05+0.06+0.07+0.08 +0.1 = 0.4 lot
!!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
USDCAD - Rising Wedge Pattern FormationWe are now seeing a RISING WEDGE PATTERN forming. This is a highly BEARISH pattern. I'm still very much BEARISH on USDCAD. More SELL trades have been placed at 1.37500. Market-maker keep taking the price above my 1.36400 zone to take out even more SELLERS and BUYERS. Their intention is to SELL BIG!!!
My 1st TP is still at the 1.30000 zone. The following week will be very interesting!!!
PATIENCE IS KEY!!
USACAD Short - Trend line and Fundamental PrinciplesHello all,
As the markets pick up again from the long bank holiday weekend hopefully today will see greater levels of movement.
So far 4/4 traders in the green or hit take profit. Absolutely smashing it! (Not to late to join some of these).
Well done if you got on the last trade that was very close to hitting the SL before it bounced back up for a quick take profit.
Please like, comment and follow if you get on one of my trades. The plan is to get to 10 trades without any problems.
Cheers,
Charlie.
SHORT USDCAD approaching support, potential bounce!USDCAD is approaching our first support 1.3198 (Horizontal swing low support, 100% fiboancci extension, 50% Fibonacci retracement ) and a strong bounce might occur pushing price up to our major resistance at 1.3269 (Horizontal overlap resistance, 50% fibonacci retracement ).
Stochastic (34, 5, 3) is also approaching support and we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.