USDCAD |H4| BULLISH BAT BAMM Opportunity present on here too. (Only take with good price action though.) I'll update this if BAMM is a go! Take BAT on completion. RECOMMENDED RISK: 2% BALANCE
Hi, Price is trading well between the symmetrical triangle. The breakout can be anyside. Trade the breakout with your sl.
Looking for price to test that orange zone between the 50 and 61.8 fib levels. At the moment, price is sitting on the 50 level but reversal is expected to fall within that zone before I go long on this pair. That's the technical analysis and as far as fundamentals are concerned, USD looks to be gaining some strength at the moment. So lets see how it plays...
1. s/r 5 2. 11 3.8 strong s/r and trend line wait to see if its gonna break or not. Rules: Wait for confirmation. Go with trend and momentum Don't try to get in too early. Don't risk what you can't afford to lose!
This looks like it wants to go up. trade plan Go long @ 1.2606 Stop 30 pips below previous lows Target 1.2710
USDCAD - Monthly support + AB=CD with DIV - 4HR We are just entering Monthly support and AB=CD complete at same price level. A little further down is Butterfly completion point. RSI Divergence is showing us we may not reach the pattern completion levels, and the AB=CD may take effect to react first. Waiting on candle close and reaction here on the 4HR DIV is...
Sell below 1.3482. Stop loss at 1.3543. Take profit at 1.3387. Reason for the trading strategy (technically): Price continues to drop perfectly towards our profit target and has made a nice bearish exit signalling that a change in momentum is expected. We remain bearish looking to sell below 1.3482 resistance (Fibonacci retracement, pullback resistance, swing...
Sell below 1.3540. Stop loss at 1.3595. Take profit at 1.3431. Reason for the trading strategy (technically): Price is seeing major resistance below 1.3540 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, Elliott wave theory) and we expect to see further bearish movement below this level to at least 1.3431 support (Fibonacci...
SO I AM STAYING WITH MY PREVIOUS view what i discussed earlier. watch the chart. everything is described why i am staying with the long. If 1.35700 is taken out and the daily close below it. then i will change my mind for staying with bears. but i see chances are few. Happy Trading
Long @ 1.30 LT HTF Support Zone + Previous swing low area Stop: below previous swing low Target: previous swing high around 1.32 (+4R potential)
Sell below 1.3180. Stop loss at 1.3600. Take profit at 1.2500. Reason for the trading strategy: We remain bearish below 1.3180 resistance (Fibonacci retracement, bearish pullback) especially with the break of our long term ascending-turned-resistance line signalling a bearish exit to be seen for a drop towards at least 1.2500 support (major swing low support,...