Usdcadsell
USDCAD Sell SetupUSDCAD Sell Setup
- look for sell setup during the CAD news - BOC Business Outlook Survey
- targeting level 1.25000
- consider take partial profit at 1st structure low
- if price drop impulsively then targeting towards level 1.35000 and below
Note: I'm still holding the previous sell, going to attempt for additional trade
OPTICIANS are open April 12thUSD CAD is only going down to me, both through technical and fundamental reasons.
Technical you can see that 1.26 is a key level and is a nice round number, you can also see marked out by my yellow boxes where price has touched and respected this level, so when it touched it bounced!
Fundamental, The economy is f@cked and the amount of money the US are printing is only going to devalue the USD, there is no other outcome and if you cant see that then i think the opticians are open again on April 12th here in the UK.
Again today price has tried to push through this level but at the moment the level looks to be holding which is pushing price back down below 1.26, i can only see downside bearish movement from here.
If you want to know more just send me a message.
Peace out.
USD/CAD SELL SIGNALHey tradomaniacs,
welcome to another free trading-setup.
USD/CAD: Daytrade-Execution
Market-Sell-Order: 1.25285
Stop-Loss: 1.25530
Point of Risk-Reduction: 1.25080
Take-Profit: 1.24630
Stop-Loss: 24,5 pips
Risk: 0,5%-1%
Risk-Reward: 2,70
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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USD/CAD SELL SIGNALHey tradomaniacs,
welcome to another free trading-setup.
USD/CAD: Day-Swingtrade-Execution
Market-Sell-Order: 1.26150
Stop-Loss: 1.26700
Point of Risk-Reduction: 1.25700
Take-Profit: 1.24650
Stop-Loss: 55 pips
Risk: 0,5%-1%
Risk-Reward: 2,85
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
USDCAD :: BEARISH SWING COMING SOON !USDCAD has been on a rising price move for a little while now and is steadily approaching its completion zone.
We expect accumulation of price action generally guided by the market structure, upper trendline and 50 EMA .
We will be watching the price play out as it moves into this important area and look for sell entries !
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USDCAD buy from level USDCAD buy from level
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SELL USD/CAD LONG-TERM TRADE IDEAAfter USDCAD has been moving in a downtrend, it has paused a bit to retrace to a resistance which touched the trendline and a major level which it was resisting for quite a long time, I am looking forward to selling this currency pair on Monday for a long term trade but I will first have to wait for a good price on lower time-frames...But overall I think it's still continuing with its Bearish trend
The MACD supports this
The resistance level
The Bearish/Downtrend movement
The last closing candle on the resistance was a 1D bearish candle, a Bearish pin-bar
anyways we never know where the market will head on Monday but all the best if you decide to take this trade
Usdcad Using an trend following strategy we can see some volatility going in favor of the bear ( space between 50 ma and 200 ma)
also based on a fundamental point of view , with the oil going through the roof the cad should see some nice bullish attention from the correlation between the two assets.
so looking at how many time the trend reverse on the 50 ma usd/cad should reverse one more time.
bests regards, jeremy