Waiting to sell...perhaps with the aid of US OIL News! Either way looking for more bearish signs! 200+ Pips to Target 1 Good Luck! KEEP THE RADARS UP!!!
Important part in this trade is to wait the BO !!!
USDCAD 4h: Let me explain a little bit about this chart. The white lines are support and resistance. The green line is a trendline and the red line is a second trend line to help me identify more clearly where the market will go. If you see the last resistance you will also see that there was a lot of volume, making the the resistance zone more valid and harder...
Short on the USD/CAD; we see a good consolidation from the weekly trend lines and also support/resistant lines. I believe it's going to end up breaking that bottom last wave of bulls (trend line) and then journey into the green zone.
Really simple, we got in a really really strong area, the market seems to refuse this area. I just shorted, I will take profit around 1.29700 =) Good luck!
Price has tested this resistance area for 6 months. There is confluence with R1 pivot support. A Bearish Engulfing pattern formed two days ago, and it's resistance was tested by Friday's candle. Rhere was a walk up the BB and now we have a squeeze. There is bearish divergence. Stochastic has turned down and the signal line has crossed. Finally, for Elliot techs, I...
Sell Scenario 1 (H1 Chart) We don’t yet have a clear trend line but if the pair consolidates before pushing higher, we will use the low to draw our most recent bullish trend line. Once price reaches the 1.3210 level, we can start looking for the breakout below the TL. Stop loss – above last high created. Target 1 – 1.3100. Target 2 – 1.2960. Sell Scenario...
USDCAD went up this moring and went in my sell area, i just opened a sell with a TIGHT SL right above! I will have my WEEKLY SELL AREA right above so i already have higher SELL LIMIT ready to be triggered! -- Also we can see a beautiful W that mean the market is suppose to reverse soon! Lets see and enjoy!
So we can see this RED TRENDLINE and YELLOW TRENDLINE, that mean that overall the market is still bearish! Now if we see a breakout above the RED TRENDLINE we could see 1.33 even 1.35! (RETRACEMENT) -- But until this trendline get break I will sell the in SELL AREA and put a SL right above this TRENDLINE!
CANADIAN NEWS at 8:30 AM (NEW YORK SESSION), I'm expecting the CAD news to be BULLISH for CAD because every CADxxx is looking really bullish on a support, and xxxCAD looking bearrish on a RESISTANCE. So simple trade with a TIGHT SL! -- Lets see that will happen with this news if we are wrong we will be negative about 30 PIPS but if we are right we will make around...
If you take a quick look at the USDCAD chart, without using any fundamental but just technical analysis, we can cleary see that USDCAD reached the SELL AREA, meaning that NFP should push the USD dollar down! + if you take a look at USD dollar INDEX, it bearish on weekly chart. -- Some people told me you CANT predict NFP, but to be honest when you look at the...
TRENDLINE RE-TEST, BEARRISH MARKET, UPPER TRENDLINE also respected, HUGE sign of reversal! I'm expecting pretty much every USD pair to go down i took a look at USDCHF and USDJPY, they are all on critical reversal level! so USDxxx DOWN... xxxUSD UP. This is a really simple parttern. -- This trade is risk free pretty much, I will put a TIGHT SL but i mean there is...
TWO TARGET, RE-TEST IS DONE LETS GO DOWN !!! -- Simple trade, a lot of pips low risk trade =)
Ideally we will see a double wave up which end with bearish divergence near the 1.3020 level which also coincides with the down trend line from the highs. This is also a good resistance zone. Stop Loss – Above 1.3090. Target 1 – 1.2750. Target 2 -1.2450.
Pretty easy trade! If BREAK OUT ABOVE its a BUY till around 1.37, if BREAKOUT UNDER I will be SELLING till 1.27600! -- To early to SELL, too late to BUY! -- We have to wait =)