MCD1! trade ideas
All Pairs vs USD - CAD SHOWN
This is a pretty obvious chart of whats going on with CAD - you can see its sitting at 50% retracement with trendline resistance overhead.
This is now cyclical matter - DXY continues to make higher highs - and inversely CAD, Cable, and AUD are lower highs. This also means lower oil and Gold of course.
Based this chart this is a good point to short anyone of these.
See related chart below for more info
CAD upside push incoming CAD futures has approached critical ob on 4h timeframe. I'd like to see bullish momentum take place clearing all the liquidity trapped above.
Half a cent in 5 Minutes
I only publish this because its interesting.
They dragged the CAD up to the VPOC highlighted went to sell it and there no buyers sending the CAD down half a cent in 5 Minutes - you don't see that everyday.
The top is the six average price and the bottom is the three day average price.
Wish I had taken that short. You would have gotten paid instantly - in this case.
Short on Can dollar 6C for the next 24 Taking short position on Canadian $$ futures. 2 contracts for the next 24 hours. Target is on the chart.
CADUSD | When and where to enter long and short#CADUSD #Futures #6CM2021 #1HR
- Here is CADUSD futures 1hr chart. Currently, yellow upward trendline is supporting and a short-term bottom has been formed at 0.82370. I am more bearish when this bottom fails supporting.
- When that happens before 5/20 19:00, I am looking at 0.82200~0.82280 as a short-term support. If you wish to enter long here, make sure to take profit under the previous bottom at 0.82370 since it will then act as a resistance due to SR Flip.
- On the other hand, if CADUSD rallies upward to test the top of the white channel before 5/20 18:00, 0.82760~0.82840 seems to be a decent resistance. If white channel gets broken above, 0.82990~0.83070 is next resistance I am considering.
- If the market gets bearish and goes through some more correction, here are some of the supports for long entry: 0.81530~0.81630, 0.81110~0.81210, and 0.80540~0.80670.
- All of the periodic references are in Korean standard time (UTC+09:00).
Canadian Dollar short put verticalMax profit: $70
Probability of Profit: 83%
Profit Target relative to my Buying Power: 20%
Max loss with my risk management: ~$150
Req. Buy Power: $430 (max loss without management at expiry, no way to let this happen!)
Tasty IVR: 28 (average at futures)
Expiry: 36 days
Sell 1 !6CM1 Jun4' 0.8 Put
Buy 1 !6CM1 Jun4' 0.785 Put
Credit Call spread for 0.70cr each
Stop/my risk management : Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 150$. Probability of loss in this way: ~10% .
Take profit strategy: 50% of max.profit in this case with auto sell order at 0.35db. Probability of profit this way: ~90%.
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
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CANADIAN DOLLARAfter a downtrend we have a trading ring situation so we will have two possibilities:
• A strong breakout with a green candle with a high volume then a very strong buy signal.
• A breakout with a red candle then a very strong sell signal.
Personally, I recommend the first hypothesis.
cadusd long major swing rr+ 7.8 to 1 I got long here. if price beaks the low it will be a change in behavior thats been going for a few months. a 20 pip stop on a 240 chart is cheap risk and gets me below the recent low and below the major down CME_MINI:MCDM2021 swing. if price fails and cracks the major swing , we could double that move to the downside. if it hold here, I see a try for new highs.
cadusd long to median line 6.88 to 1 rrcadusd long to median line 6.88 to 1 rr. major swing entry after it made the low. CME_MINI:MCDM2021
6C1! Hi everyone,
As you can see from the graphic there is a strog signal that the CANADIAN DOLLAR FUTURES is in rise, i recommend to buy 6C1!
6C1!Hi everyone, as you can see from the graphic it is an incredible increasing trend, i recommend to buy 6C1!
6C1!Hi, as you can see the buyers are taking the advantage now in the market, a good opportunity to sell 6C1!
CANADIAN DOLLAR FUTURES An opportunity to buy and target 0.79440, after confirming the upside scenario
CAD Test 4+2 Using the moving average
+1 High time frame (1H ~)
+1 Trend trading
+1 minor Support Line
Strategy Quality 5 / 10
DON'T MISS THE OPPORTUNITY TO SELL ON CANDIAN DOLLAR FUTURES THE CHART GIVES US A STRONG PROBABILITY THAT THE CANDIAN DOLLAR WILL CONTINUE ITS FALL
