Hey everyone. Keeping it simple for the week ahead. Still yet to take a trade and waiting for sells as potential continuations as we are heavily bearish. If we see bullish flow we could also get some nice longs as potential pullbacks. Thanks and safe trading everyone
Consistent uptrend here, doesn't look extended but it's gains and losses will be felt with this 3X bull, things look steady and in a very good uptrend style. 30% plus gain? 14% loss possible as well, balance yourself out plan this one out. uc.
USDCAD is now presenting us with yet another beautiful work of art pointing to the downside. The news about the interest rate hike from the BOC short the usdcad up.. right into the holy grail of the 618 fib, and the 1.28000 monthly resistance. It may go higher but it won't go higher than 1.28666.. or 1.29 on the safe side. Either way this pair is going to continue...
If current resistance around 7135 holds we could see continuation downwards to the 702 level. Stay at the sideline for now but add some alerts at 716 (long) and 712 (short)