U.S. Dollar / Canadian Dollar forum
USDCAD about to go up…. Sl 1.39500
USDCAD Yes downtrend, but right now price have approached a sensitive area, 39635.39635 could break or act as support. I would hold off further sell until this zone advises
USDCAD more downside are coming...
USDCAD closed my buys too early when I saw it bounce off the 78% fib level now it looks likes going to fly dammit lol
USDCAD is currently in a bullish trend.For it to continue moving higher, it must hold the Monday low, which will create a swing failure. Once it starts holding this level as support, I’ll be looking to buy where the arrow is marked.
That arrow is my go-to signal to enter the trade. If the price breaks below the Monday low, I’ll close the position manually.
Stay tuned for more updates and FOLLOW ME for the next moves!
USDCAD on the 1H chart is in a bearish trend making lower lows and lower highs. On the 4H chart its in a bullish trend. On the weekly chart its in a range, and if you look at any other timeframes you can find something else like a head and shoulders or a double top etc. My point is no one knows where this is going, however one thing is certain on all timeframes, price goes up and price goes down. The further this or any pair goes in one direction the more likely it is to revert or pullback. I believe we are in a pullback atm, however it could be a reversal... or we could be about to rocket up. Either way I'm in shorts that I have sized appropriately so that if this does shoot up I can add again at different areas on the way up. Its all about controlling risk in this game and that's it. IMOUSDCAD is currently in a bullish trend.For it to continue moving higher, it must hold the Monday low, which will create a swing failure. Once it starts holding this level as support, I’ll be looking to buy where the arrow is marked.
That arrow is my go-to signal to enter the trade. If the price breaks below the Monday low, I’ll close the position manually.
Stay tuned for more updates and FOLLOW ME for the next moves!
USDCAD it didn't touch below 1.395, neither moving up nor down. 4hr showing bearish. I dare not open "buy" position. News saying USD sort of low this week. Anyone with other opinion?
