USCAD Entries + Exits With My Trading Strategy!The NEW 1ON1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
Usdcadswing
USDCAD swing Position and SetupAs you can see, price dropped from a very strong order block around 125820, after breaking out of a bearish flag, followed by a strong trendline break. Im hoping to see price go even lower after that rejection on the EMAs. I am waiting for price to close below the current zone to open another position.
*Disclaimer*
This is not financial advice. Forex trading is risky. Trade at your own risk.
#Trade_Like_A_Magnate
USDCAD Trade IdeaPrice has reached the resistance level and printed a doji. Given how close this is to the complete high I am shorting NOW at market price 1.33655 for a good risk to reward ratio...
Enter @ market price 1.33655 with
Sl only 24 pips @ 1.33891 and
Tp lower down @ 50% fib retracement of the bullish move @ 1.32548 (109 pip target)
I am prepared to risk the 25 pips here for the 110 pips gain.
Don't bet the farm and always exercise good risk management :)
USDCAD Trade IdeaThis is a classic example of the TLS trading system using price action:
Trend = down
Level = resistance
Signal = bearish engulfing (and a hanging man with confirmation)
Stop loss @ 1.32199 and
Take profit @ 1.30871
30 pip risk for 100 pip reward
Dont bet the farm and always exercise healthy risk management :)
USDCAD short with a stop loss at 1.345TP is open but I am looking to swing this down to 1.275 levels again. The Dollar Index is facing resistance on the H4 and Daily timeframes and USDCAD is at resistance as well with bearish engulfing candles in place. Risk:Reward looks nice as well. The Stop loss is 40-50 pips away depending on entry.