Long
MCD1! trade ideas
the canadian dollar to buy or sell?after a long trading range, the market dropped. Then a pullback trying to reach the previous support was entamed.
if the market has a strong green volume, it is obvious that we will reach the previous tops of the market. If else, the support (yellow) will be broken and the market would begin a descend.
So let's look at the volumes and see what algotraders will decide...
Strong demand zone in Channel UpLooking to get long the Canadian on the Daily time-frame. Either enter use a LTF on way out or take the zone in Forex so you can limit risk.
Discretionary Trading6.4.20 I just got a personal message from a follower who I respect and like. I copied the message but left the follower's name out. Respectfully, this trader plans to be profitable with minimal or no discretion, except for entering a trade, and establishing a risk and reward... and then following through with the trade in robot fashion. This will not work, and it is not realistic in my opinion. Trading is not easy, and most professional mutual funds... actually 90% of mutual funds... cannot match the performance of an index fund that is comparable to their selection of stocks. I thought I would talk about this and then go through some futures contracts on the currencies to discuss simple patterns and lines that I look for.
6C USDCAD setuphere is my 6c CAD Dollar analysis.
after a head & shoulder my analys started in the morning.
My analysis makes us get the 0.72200.
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I am strongly bullish on Canadian Dollar futuresI have opened long positions on the Canadian Dollar Futures and I believe the price will rise to the top of the channel.
CAD big opportunity!Here is my analysis on the canadian dollar .
A very nice movement to take.
we have the break of the trendline (0.70850) and the pullback.
1st level 0.71860 then direction 0.7330
BE CAREFUL , I love the support trend too, if it's going lower than 0.70375 be careful.
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CAD completed 382 correctionCAD futures has completed a 382 pullback from its impulse wave. Looking at the 4 hour chart now for a long once a more bullish picture emerges
Cad is holding strength The daily chart is showing cad has strength over dollar so I will only long also the one hour chart showed cad gaining strength and crossed over dollar so I will look to long if things go south I will look for a small sl
Cad risingThis is a weekly chart, cad has broken out of downtrend, last time this happened it went up 11% in 3 months. Short USD/CAD.
