Usdcad4hr
USDCAD Quick ScalpPrice has been pushing down while forming LHs and LLs on the smaller time frame, my entry was based on the H4 close which broke 1.34200 and pushed up for liquidity forming another LH on H1 as it retested it's broken support. My goal is to ride the current market momentum to the daily demand zone for a 1:3.
GU potential weekly moveLast week, GU broke a major demand zone and we are going to see this zone get a retest. I've analyzed this move with extra confluences.
My entry level lines up with: The weekly zone, 50% fib, trend line touches,14 EMA on the daily and M30 retest on the lower time frame.
Nothing is ever written in stone while trading, if i'm stopped out, I've marked the next best resistance level to watch out for.
USDCAD Possible Short TradeUSDCAD broke out the multi sessions uptrend line, current price actions seems like to be retesting the broken trend line where I am expecting fresh falls to be coming in, or an alternate scenario could be to trade with a sell stop order once it breaks the area i marked on the chart.
Trade Safe!
Good luck.
USDCAD TA 1/7/19 SHORT to 1.28USD/CAD is breaking through the ascending trend line right now.
This is looking like a great short. Im personally going to wait for a retest of the trend line before entering this trade.
If we retest and the trend line holds as resistance then I believe 1.32 will be met very quickly, I feel long term we could be seeing this pair come all the way down to 1.28
Let me know what you think!