USDCAD presenting with possible short trade should price break the support trend line. I will be waiting for a break and close below this level and a retest where support will act as resistance.
Waiting to JUMP THE CREEK off of the order block. Smart Money sold to buy and I am waiting for them to breakeven on the sell to push market up. Spread was WAY too big when the market opened yesterday, so I would like to see price come back to 0.94650 again give or take a few pips. Then we will jump in with the buy and ride it to the previous highs.
In this video update, we take a look at USDCAD and how the market could continue to push higher towards the key resistance. The weekly chart formed a strong bullish close off the key 1.3300 demand zone and with the Bank of Canada stalling their outlooks on growth we could see the Canadian Dollar weakness continue. The 4hr chart is forming higher highs and higher...
In this video update, we take a look at USDCAD is the market consolidates at the key support zone. If the FOMC seem dovish towards the rate of which they move interest rates we could see a break of the 1.3300 demand zone and continuation lower. However, if price forms a higher high we could anticipate that prices will move towards the key 1.3440 level.
Loads of crowds are heading north on USDCAD. I don't follow crowds - sorry. In this screencast, I show my rationale for a contrarian perspective based on patterns in USDCAD (1D) and weakening in US-Dollar (1D) trend strength. I'm currently exploiting a 30 min time frame microtrend and willing to take a controlled loss (aka stop-loss), to limit how wrong I may be....
In this video update, we take a look at USDCAD as it rejected the key 1.3300 resistance last week. Expecting further downside to continue here on this market and looking for a pullback into the previous 4hr lows which holds a 50% fib retracement. A sell limit order may be appropriate here as the news may cause the market to spike into the key zone.
watch video till end and try to understand the proper way of technical analysis.
Here is my top down analysis of CJ starting from the Monthly timeframe all the way down to my 15 minute entry, this is solely for educational purposes and not a trade call for people, but take that idea of you would like. Critique and feedback is always appreciated! ** Resources ** -Instagram: @krystianstreit -Facebook: Alpas FX - Forex and Crypto Course...
very good position to take a trade from 1,30726 but i did it 1.30760. Of course I made a good position. Rsi was over 40 :)
This is only forecast, wait for confirmation to open position
An inside bar/fake-out setup formed in the EURCAD minor pair last week. These types of setups can be very powerful false break signals where large numbers of retail traders were tricked into going one direction and price immediately whips in the other direction, trapping these traders. That can provide strong movement in the other direction as these traders are...
An inside bar has formed off of a near term support level. Price is consolidating in the long term but in the short term there is some price bullishness. This pattern formed after a small pullback and could set us up for the next leg higher. As soon as price breaks out of the mother candle I will begin moving my mental stop up at logical points and ride this as...
There is clear and present danger in the Canadian real estate market with Toronto house prices & sales down double digits on a year over year basis. The real estate market on the West Coast has been largely unaffected to date but I suspect its a matter of when as opposed to "if". The point is, when the market drops enough the CB in Canada will have to put the fire...
GBP/CAD Short in play. Clean Retest of Support Region. Looking for further decline to 1.7100 If We can sustain A Oil Rally Next week the CAD will appreciate relative to GBP/CAD
Break of Trend & Retest complete.
SELL LIMIT AT THE 141%