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Usdcadanalysis

USDCAD, last long before reversal?Hi Traders, This is my view for this week on: - USDCAD I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view. Pit DISCLAIMER: Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
Long
by kitchen_trading
1
USDCAD - 1.36400 ZONE BREAK SUCCESSFULThe 1.36400 zone has been broken successfully just as I said it would. Price is now going through a retracement. I still have some positions running. Partial profits have been taken yesterday. However, I'm loading some more!! The bearish move is still in progress. USDCAD is currently very BEARISH and I'm raking in all the profits as it falls. REMEMBER: PATIENCE, PROPER RISK MANAGEMENT AND HIGH LEVELS OF PSYCHOLOGY PAY IN THIS BUSINESS. Happy trading!!
Short
by SMCSmartSniper1
4
USDCAD LongThe price has been a bullish trend for the last few days, reached 1.38 then bounced back, testing the zone again and bouncing back, and now it is testing the zone for the third time. This has resulted in forming a cup and handle formation which might be an indicator that the price might continue with the bullish momentum. This will only happen if the price breaks out of the resistance zone. According to the client sentiment, around 70% of traders expect bearish momentum thus I expect the price to move opposite their expectations. I am anticipating the price will break out of the zone, then retest it so that we place our trade @ 1.38 My target is 1.40, Sl @ 1.373 and entry @ 1.38 The R: R is 1: 2.7 Remember, risk 1 - 2% of your account.
Long
by Vapari_Inc
2