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...
We just came up to a previous level that has been tested multiple times and got a bearish engulfing candle. I do not see a harmonic here so I am only going for a quick scalp trade and then see what they market is doing. I am waiting on a .382 - .886 retrace and then another engulfing candle for entries. Wait until price action retraces back up and then dips below...
A follow up to an idea I posted last week looking at the USDCAD and the potential for a selling opportunity as we retest a previous price pattern.
Fundamentals:- After the Canadian data slipping for CPI last week the much gained CAD took a turn. WTI Light Crude which also links to the value of the CAD seems to be taking a bit of a down turn. With the US expected to continue on it's rate hike cycle then we should see this currency pair reverse and test previous resistance levels. Techncials:- After the head...
This is about psychology - that 'no-go' area. In this video I explore negative emotions from different aspects. I look at how emotions are connected to risk and risk management. Avoidance is connected both to risk and emotions. I say that the biggest part of trading is about separating emotions from the objective assessment of risk
I'm joking of course. :)) But seriously, have a look at this indicator I'm showing. As I mention in the video it's not all about indicators. It is also about selecting the right indicator for the instrument one is trading. Practice and understanding of how you can work them together to estimate probabilities is most important.
NZDUSD look Buy in a long term and Sell in a short term USDCAD looks Buy in a short term and Sell in a long term
did top down analysis on usdcad - overall thought shorts - refer to video for details. thanks for viewing. blessed trading everyone
Always place an order with a good sell or buy confirmation signals
In this video we're looking at a structure based trading opportunity on the USDCAD using a few classic reversal patterns.
HI there, Watch for breakdown and continuation for further downside. In case we dont see breakdown and price go back up for one more wave then we will be sell there from new high. For further detail please have a look on the video. Thanks.
USDCAD UPDATE! MOVE YOU STOP BELOW YOUR ENTRY
There's an oportunity to have the fifth wave
USDCAD with 2 potential Buy opportunities. Scenario 1 is based on Double Bottom pattern Scenario 2 is based on Bullish Cypher pattern
IF YOU MISSED THE TRADE THATS OKAY.. LOOK FOR A SELL LIMIT AT THIS LEVELS
Gartley pattern on daily, AB=CD on daily, AB=CD inside a bigger one, Monthly Resistance etc
SELL LIMIT AT THE 141%