We had a break out through a strong Trend line then a perfect re-test of the bottom of the trend line now acting as resistance. My only concern is the Daily RSI. Otherwise we are in a good position to Sell right now.
D1 - Price broke below the trend line, 3 critical levels on the way down to pay attention to. H4 - There are two possible scenarios. Scenario 1 - Consolidation and possible continuation lower Scenario 2 - Another leg upwards and then possible continuation lower.
Looking for a sell on USDCAD couple ideas for it to continue to drop
Hi All , Selling this pair as price has broken major support and trendline , as Fundamentally USD is showing some decline. Entry , SL and TP marked .
W1 - Price is still in the zone of a triple cycle ending up with resistance, we have a possible double top. We may now look for a correction in the form of two waves or a range. As long as the last top holds, we may look for a retrace to happen towards the 50% retrace zone. D1 - Second false break with divergence. Band to band movement. H4 - Triple cycle, the...
As you can see USDCAD has gone to the 1.35000 level numerous of times now and has failed to go much higher! I have entered a SELL with SL at 1.35500... trade smart and have fun. Have a profitable week!
UsdCad Idea Short UsdCad Idea Short UsdCad Idea Short
BUTTERFLY FORM ON USDCAD D1 CHART ENTRY POINT .. 1.35111... SL... 1.35800... TP.... 1.33766
Hi All , On this pair, i don't think buyers are done with it yet , as every drop has been followed by a push back up . I expect a powerfull break to the upside as price has been trading inside this channel for a while , I currently don't have any positions , But i'm setting my sell limit . However , if i see a bearish move i will take it only after NFP , But if...
USDCAD is looking like it can fall down in price or form a new area of consolidation! We have to wait until Monday to see what price wants to decide what to do. I believe that the price will go down where it will break through support, retest, and then sell where we will place our sell orders!
Pada D1 dan H4 terjadi rejection di Trendline resistence. Pada TF H1 terjadi koreksi dan jatuh kembali. Tambahan DXY pada posisi melemah. Trade sudah berjalan dengan aktifnya sellstop ketika breakout dari koreksi
Hi All , Opening a mini Sell on this pair . Price entry label and Sl on chart . SL to entry as always . Use 1-5mins for entry . Many Thanks.
USD CAD Little bit longer wait for Bigger sell ( Possibility ) Waiting for last leg of W pattern to complete ( to the upside ) before drop... this W pattern almost always have smaller M within it , not hard to spot. With that completion we would have 3rd upper touch of this daily hover at the moment ( if not reject on DT ) for big sell.
Hi All , Opening a sell on this pair , As you can see price has rejected the uptrend move , & we now trading inside a triangle range . Tp's marked on the chart . Sl to Entry as always . Many Thanks.