FX:USDCAD Price has been in a bullish rally for some time until the highs from back in June 2018 were met again but no newer highs were formed. Based on a possible swing trade on the D1 time frame I have been looking for a good (short) entry on H4, noting the bearish flag pattern emerging... I will look to sell off the previous resistance level at 1.33159 and...
FX:USDCAD Price is above 200ema = up trend Bounce taking place off trend line Bullish engulfing candle forming Price is on short term support My idea is to enter at market price 1.32096 SL below lows @ 1.31545 TP @ recent high 1.33110 (provisional and may be extended) Always exercise healthy risk management
USDCAD 1. The last retest off the trend line offered a great opportunity for a buy order so I am looking to possibly do the same again 2. Price is currently on the neck line of an inverse head and shoulder pattern (retest) 3. Retest of trend line taking place as we speak I will look for: 1. A buy signal to print 2. 50ema to be broken (area of value) 3....
Wait for 1.26210 price level to buy in then sell @ Profit Targets: 1.27380 1.28120 1.28640 Stop loss: 1.2590 Have a nice day Berk
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Buy above 1.3221. Stop loss at 1.3154. Take profit at 1.3387. Reason for the trading strategy (technically): Price has bounced off nicely from our buying area yesterday. We remain bullish above 1.3221 support (horizontal swing low support, horizontal overlap support, fake bearish breakout) for a corrective bounce up to 1.3387 resistance (Fibonacci retracement,...
Buy above 1.3221. Stop loss at 1.3154. Take profit at 1.3387. Reason for the trading strategy (technically): Price continues to drop strongly and seems to have turned a corner recently. We remain bullish above 1.3221 support (horizontal swing low support, horizontal overlap support, fake bearish breakout) for a corrective bounce up to 1.3387 resistance...
Buy above 1.3288. Stop loss at 1.3251. Take profit at 1.3387. Reason for the trading strategy (technically): Price has dropped perfectly and reached our profit target on USDCAD once again for the third time in a row. We prepare to buy above 1.3288 support (Fibonacci retracement, Fibonacci extension, Elliott wave theory) for a corrective bounce up to 1.3387...
Sell below 1.3485. Stop loss at 1.3551. Take profit at 1.3387. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area and has reached our profit target. We prepare to sell further below 1.3485 resistance (Fibonacci retracement, horizontal pullback resistance) for a further push down to 1.3387 support (Fibonacci...
Price made a break to the downside through the phase line of the channel, came back, tested it and got rejected. Very tight SL but still some room for another possible test.
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron