USDCAD we found Distribution # 1 +Harmonice (Crab ) 4H TFUSDCAD
we found Distribution Schematic # 1 + posible it may complete our Harmonice (Crab Pattern)
like follow plz
not financial advice
Usdcads
USDCAD facing pressure pressure from 1st resistance!
USDCAD is breaking below key support, more downside !
USDCAD facing pressure pressure from 1st resistance! USDCAD is trending below 1st resistance and may go up towards 1st resistance where the 23.6% fib and 38.2% fib retracement are. Price could reverse there towards 1st support where the horizontal swing low and 88% fib retracement are.EMA is also showing signs of support.
Extreme trader sentiment points to possible USDCAD uptrendSignal ID: 64533
Time Issued: Monday, 25 March 2019 01:00:16 GMT
Status: open
Entry: 1.34215 - 1.34539
Limit: N/A
Stop Loss: 1.33729
The Trend Follower Strategy has just bought USDCAD at 1.34377. The system recommends entering this trade at any price between 1.34215 and 1.34539. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.51593. This suggests that the USDCAD could be trending upwards.The 14-period Average True Range on a daily chart is 0.00648, so the stop loss has been set at 1.33729. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5.
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