withoutmercy

withoutmercy

I see EU is testing the high , if it failed I would sell this pair, if it goes through the level, no trade

withoutmercy

I was on the wrong bias on this pair when I saw the bear movement however looking at the retracement level, it stopped at 50% FIB from the fast bull move so we want to take the continuation of the bull.

withoutmercy

I have put the support line since Friday and the market open squeeze under the line with bullish movement, a nice sign to take long trade.

withoutmercy

The violent move upward followed by some wave of retracement, I anticipate the retracement will be stopped at 382 where I see to the left some market reaction. This can be a good long term trade.

withoutmercy

USDCAD forming a flag on 4 HR chart, it has been moving in nice channel. It is time for me to look for the breakout to the upside, Stop loss should be under the channel low. If it can touch back the support, that is best entry for this upward movement. This can another home run trade

withoutmercy

Looking left, I can see the sell zone on the side or above it. I feel that it is time to think bearish on this pair. Depends on how the wave goes, my ultimate target is 350 pips below but at least, we can get 100 pips on this trade.

withoutmercy

It has been consolidating for two days and the push from support confirms the long set up

withoutmercy

It is very typical movement where before the squeeze, market consolidation in a zone. Safe entry should be short after price pass the low of consolidation but if you are aggressive, you may short it now

withoutmercy

The zone is too rewarding to miss, we can get another big move shorting this from the zone, I am waiting for another lower high on 1H to get involved

withoutmercy

Price is at previous rejection and at 50% retracement on the daily. Looking at the bounce, this is very low risk and high reward trade which I don't want to miss.

withoutmercy

We can see how the market squeeze weak hand and now it is time to buy with very interesting risk and reward ratio.

withoutmercy

I was long on this pair and it seems the formation says that bull is stopping now and it is time to continue short

withoutmercy

After watching the levels and slow movement at the level, it seems that EU should start to rally again after few days of retracement, this can give us a 200 PIPS move

withoutmercy

On the daily it created higher high and potential higher low, I am looking for bull move on hourly to enter long

withoutmercy

After a rejection at resistant , I waited for retest and see failure, so I short this pair

withoutmercy

I would only take short if the price action confirming what I expect. I want price to retest the sell zone then rejected. I will take trade short if movement bearish from the zone, otherwise, would not trade.

withoutmercy

I was paying attention on the downtrend and with EUR weaken at the zone , I feel confident to pull the trigger for short trade. There is a lot of down move to expect with 1:2 RR, should be a good trade

withoutmercy

I was late to see this trade but it is still a lot of room upward to target. Across the board , CAD seems very week so taking the opportunity is just a matter of where to enter.