USDCAD - Intraday - We look to Sell at 1.3260 (stop at 1.3295)
3 positive daily performances in succession. The 50% Fibonacci retracement is located at 1.3258 from 1.3134 to 1.3382. Bespoke resistance is located at 1.3262. Last week Marabuzo is located at 1.3239.
Our profit targets will be 1.3140 and 1.3100
Resistance: 1.3239 / 1.3260 / 1.3295
Support: 1.3200 /...
Hope all is well, my fourth published trade on Tradingview.com ( GBPJPY IS still complete with 100% accuracy and 0% drawdown. This can be found on my story on IG, below)
Taken this short based on a slow down of momentum, another closure below the strong resistance level of 1.32000 would be another indication of a push lower on USDCAD. On the 4hrly, 50...
A lot of top tier economic events coming out of Canada this week. Canada's economy has been outperforming in the last few events, except oil prices haven't been helping the Loonie.
The Greenback's July-August uptrend seems broken and tested in the 4 hour chart.
A good area to sell around the 13.320 for a good risk reward ratio.
Thoughts? Message me!
USDCAD - Intraday - We look to Sell at 1.3274 (stop at 1.3304)
Ichimoku cloud resistance comes in at 1.3295. Levels above 1.3295 continue to attract sellers. Our bespoke resistance of 1.3254 has been clearly broken. Price action has formed an expanding wedge formation. The medium term bias remains bearish. Reverse trend line resistance comes in at 1.3278. Bespoke...
USDCAD - Intraday - We look to Sell a break of 1.3190 (stop at 1.3220)
Posted a Bearish Inverted Hammer Bottom on the Daily chart. Bespoke support is located at 1.3200. Buying posted in Asia. A bearish Head and Shoulders is forming. A break of 1.3190 is needed to confirm follow through negative momentum. The formation has a measured move target of 1.3120.
USDCAD - Intraday - We look to Sell at 1.3225 (stop at 1.3260)
Buying pressure from 1.3105 resulted in all the initial daily selloff being recaptured. Buying posted in Asia. Bespoke resistance is located at 1.3226. There is scope for mild buying at the open but gains should be limited.
Our profit targets will...
USDCAD - Intraday - We look to Sell at 1.3185 (stop at 1.3220)
Bespoke resistance is located at 1.3185. Closed the day little net changed. Buying posted in Asia. We have a 38.2% Fibonacci pullback level of 1.3173 from 1.3433 to 1.3013. A sequence of weekly higher highs and lows has been posted. There is scope...