Please feel free to leave me any comment or recommendation of constructive criticism so I can improve or make commentary more clear for you to read;or if you agree or like this idea support by thumbs up. Thank you.Sam USDCAD is offering relative aggressive trade with entry at current levels based on consecutive shooting stars at resistance levels. Accompanied...
The first take profit should actually be around 1.2263
We got a potential bearish Cypher pattern with trend about to complete. I´m a little worried about the stop placement because the last resistant point is at the arrow, but if we put stop there the R:R will be less that 1:1 so lets se whats going to happen. Comments good and bad are very welcome! Kind regards Thomas Jeff
If the price breaks the H4 Super Trend downwards... ...next stop around 1.1840
By installing Ichimoku trade on Daily Chart.. we see a strong Bearish Signal
Red levels are support turned resistance Yellow levels are support The level where price is currently is important, if it breaks this and retraces I will jump in long. I might prefer to get in short, I would do this if it broke both of the yellow levels beneath it and retraces.
This is almost a picture-perfect Gartley sell. stops above x, TP 1 @ the .382 retracement, and TP 2 at the .618 retracement of AD.
AS YOU CAN SEE THE CHANNEL IS IN LINE WITH FIB RETRACEMENT LEVELS IN WHICH I BELIEVE PRICE SHOULD COME BACK UP TO THE FIB 38 RETRACEMENT BEFORE MOVING DOWN TOWARDS MY TARGET. DETAILS ON CHART.
Let's see how this pans out! Would love any feedback ;) Happy trading folks - G5B_FX
THIS TRADE SHOULD WORK OUT PRETTY WELL. REASON BEING "RANGE TRADERS" WHO BOUGHT AT 1.24 TO TRADE THE RANGE ARE STILL STUCK IN THEIR LONG TRADE, SOME OF COURSE HAVE BEEN STOPPED OUT, SOME HAVE NO STOPS AND STILL STUCK. THEREFORE THESE TRADERS WHO ARE UNWILLING TO CLOSE OUT AT A LOSS HAVE THEIR STOP LOSS AT BREAKEVEN, I.E. 1.2400. D1 50SMA 20SMA APPROACHING 1.2400...
Usd/cad just broke the channel after hitting major PRZ (potential reversal zone) on weekly. Now we are waiting for pullback back to the previous channel low. Combined with fibonacci retracment 50 and 61.8 This could mean the first strong setup to the down side after long time. It is important to catch first setups of the new trend and it might go down so fast...
This pair has been range bound for a number of weeks now. Until a breakout occurs either above 1.28500 or below 1.23500... we will play the range. This is a setup for the short side of this range. Will also be setting up a long setup as well.
USDCAD trade is based on FIB levels and seasonality as we expect crude oil to get strong also in coming weeks and the data which is due this week (Manufacturing numbers and BOC monetary policy report). At www.TradeSetups.com we like to keep everything simple by providing members with easy to understand trade setups. Right now we are offering 10 day free trial for...
JUST AN IDEA, FOR A QUICK GET IN GET OUT TRADE. I WOULD SAY THIS IS CONTRA TREND WITH LOW RISK REWARD. THIS IS BECAUSE IF YOU TAKE THIS TRADE, YOU ARE TARGETING THE BOTTOM OF THE CHANNEL WHILE PRICE IS AT THE MID OF THE CHANNEL CURRENTLY. USUALLY BEST PLACE TO TRADE RANGES IS AT THE TOP OR BOTTOM. PERSONALLY I DO NOT THINK THAT THE PRICE CAN BREACHED THE LOWER...
The NFP made huge impact last week. Today we are expecting another move down which will be catalyzed by ISM Non-Manufacturing PMI later at 3:00pm GMT daylight. We expect this move to form the MACD divergence to confirm that bulls will be ready to get into the market. The possible entries are displayed on the chart by color codes. -Blue line = entry -Green line =...
This is all technical now. We knew that the market was gonna trend downwards right before the announcements. Due to fear and greed the market resumed upwards looking for a nice area for bears to come in again. Bulls are now accepting the fact that are not strong anymore. Note: The market moves in waves ABCD Limit order: 1.25959 Stop loss : 1.26170 take profit 1...