Wednesday: USDCAD 2 - Week 28Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
Usdcaddaily
Wednesday: USDCAD - Week 28Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
USDCAD
Take profit : 1.26300
After hitting the ceiling of the downtrend channel, it is expected to continue the downtrend again and be in the third downtrend.
Attention This is a personal Analysis. So when entering the transaction, pay attention to all the conditions as well as the news.
Best Regards.
USD/JPY buy idea after price hits the channel bottomUSD/JPY looks like it is on it's way to the channel bottom after
reversing from the channel top.
So, if bullish price action occurs at the channel bottom then there is a
chance for the buyers.
I would recommend buying USD/JPY @108.90 with SL below 108.40 and
final target at 110.40.
USD/CAD long trade idea after reversal candlestick formationA bullish candlestick has formed in USDCAD and this candlestick may imply
a reversal. USD/CAD may have finally bottomed out.
Look for buys between 1.2025-1.2070 with SL below 1.1970 and TP at 1.2380.
We have already bought at 1.2017 yesterday and we are currently holding the trade.
Weekly chart shows the possibility of a big long in USD/CADUSD/CAD has been dropping relentlessly over the past few weeks.
However, the downtrend has slowed down and a reversal might be on the corner.
Price is currently at the multi-year lows near 1.2080 from where a reversal might
take place.
A long entry between 1.2050-1.2100 with SL below 1.20 and TP at 1.25 is an attractive
buy set-up provided some bullish price action happens in the lower TFs.
USDCAD, HUGE POSSIBILITY..??There's strong impulsive breakdown since last year
but eventually it came to Monthly major Support i.e
1.2255.Seems like USDCAD holding above that critical
zone. Daily candle closed in BULLS favour.
Bullish Harmonic Pattern, RSI and Price Action still
favouring BULLS.
However, UC needs to break consoldation zone 1.2330
for proper BULL run.
Trade safe...
USDCAD: It's Good To Buy Now? USDCAD has reached the strong support Line.
It's good to buy now?
Let's see the previous price. We have same history of price before (Feb 2018)
We can use Buy opportunity.
Use the lower time frame to identify candle stick bullish confirmation.
If you have any idea, leave comment below and give like.
Free education,
message me or hat for discussion.
USD/CAD at the support level, buy the bounceUSD/CAD is currently at the previous low from where it can potentially
bounce up to the resistance at 1.2650.
Today's daily candle will be important. If we get a bullish candle at the current
level, then the possibility of a uptrend in the next few days will increases.
Based on bullish price action, traders can buy USDCAD@1.2385-1.2400 with
SL below 1.2310 and TP at 1.2650.