TheChartistTechnic

TheChartistTechnic

This is a small Trade Long. We had earlier predicted the Long move and seems the low holds. If the Trendline and 1.3050 resistance does not hold we could see LONG positions in the coming weeks.

TheChartistTechnic

I anticipate this move for USDCAD. Last week we had stop hunts and the week closed inside previous month High. Trading it to the 1.3050. A 50% Retracement before we look for SHORT positions.

TheChartistTechnic

61.8 Retracement. Entries above the Channel. Or a solid D1 Bullish Candle within the week

TheChartistTechnic

We are having price retrace around 61.8 Fib and 78.6 Level. A confluence level with Quarter Level 142.500. We can trade short after breaking the 34EMA channel or take Price action setups from that level. Take Profit 137.00

TheChartistTechnic

We are bouncing of a Quarter Level 0.67500 to the Upside. Considering we have a Low of the Month (Blue Horizontal) any turn above the falling wedge will be a possible long term trade holding BUY/LONG POSITIONS for several days.

TheChartistTechnic

We formed a Weekly Inside Bar on 0.95000 Quarter level. I am interested in Long Positions If Monday Low hold and a breach of the High of the Inside Bar.

TheChartistTechnic

The month opened with a very aggresive breach of monthly High and has formed M pattern. Double Top above 1.40000. A retest of 1.4075 zone would be my best bet for SHORT position for the coming month.

TheChartistTechnic Updated 

A rejection of Previous month High. This leave long positions trapped. False move month beginning form of move.

TheChartistTechnic

My previous trade was stopped out. Re-taking same position SHORT. Previous Month high was broken with High momentum early in the week. Possibe hitting stops and giving false move to the upside before retracing. The Stop was too tight.

TheChartistTechnic Updated 

Previous Month high was broken with High momentum early in the week. Possibe hitting stops and giving false move to the upside before retracing.