PLEASE NOTE: I have reduced my exposure for USDCAD SHORT (Daily) by taking out most of my position at break even/ very small loss, and instead went for a long on H4, as I felt that USDCAD would have a strong move up bouncing off demand zone/100ema twice AND having a bollinger band volatility contraction as well (awaiting a big explosive move potentially). Could be...
Breaking through a key area of 35k, which has already been achieved on the daily clearly. We are bouncing off the bottom bollinger band in ascending band channel and NO bearish divergence. The small pullback bounced off of the lower boll band, with an upward channel. Given the volume of US30 and the strength of candlesticks, I think we can break through easily and...
Bouncing off of demand area for the second time, with some minor bull divergence. candles are looking strong and we are in a RANGED chart, so long looks even better. Strong zone to bounce off, with a nice impulse move downwards which should give us some momentum on the way up.... Let's see...
TRADING IDEA --- NOT AT INVESTMENT OPPORTUNITY! TRADE AT YOUR OWN...
Sharp bounce off t resistance area/boll band, looking to target next area of demand, possibly going down lower. First marked rectangle would be TP1, other marked rectangle TP2. Small remainder of the position can be kept as a trailing stop loss, too.
TRADING IDEA , NOT AN INVESTMENT OPPORTUNITY. TRADE AT YOUR OWN RISK!
To be honest, this for me is like a 60/40 trade at best, I'm not too sure. This trade would be mostly theory or using very low risk. I don't like the price action here with the bull wick rejection on H4 and congestion around 100 ema --- it's a potential uptrend in infancy stage. Retested support twice, looking to target the supply zone around 200ema.
Hanging around demand zone. If we hold this zone, we could get a decent bounce (scalp) to the next resistance zone. Wait for confirmation of bullish candlestick on M30 FIRST before trade can be deemed valid.
Trading idea NOT INVESTMENT OPPORTUNITY!
Bit of a late entry, preferably earlier, not worth entering now I think. Nice impulse move to the upside, with a shark fin formation, should get a nice bounce from it hopefully! Check out my other idea on EURNZD currently playing out!
If the demand support zone holds, AND we get bullish candlestick confirmation from the demand zone, go Long for marked areas of interest - TP1 and TP2
TRADING IDEA NOT INVESTMENT OPPORTUNITY!
YOU ARE RESPONSIBLE FOR YOUR OWN TRADING!
Nice two legged pullback off the 100ema acting as support, now into the trending bull move. Looking to target area of resistance highlighted. Looks promising as long as we have enough volume to push price, this looks like a good trade.
TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
Either a short down to 36ema (1.40) level as TP 1 as a pullback and retest of the supply zone we are currently at, trying to break through 1.42 level afterwards,
OR a bigger pullback down to TP2 (at this point, either a deeper pullback to retest the highs later OR a reversal, the former is more likely).
The two arrows represent scenarios to look out for.
Higher high, higher low, bounce off 200ema, targeting next area of resistance and the following area as TP1 and TP2 respectively. Let's see if it plays out.
Trading Idea --- NOT AN INVESTMENT OPPORTUNITY
Short Opportunity - Read description. Quite straightforward, targeting the demand zone at 1.2056 area. May go down further but will be looking to take most profits at 1.2056 region. Could get close to the major 1.20 support level.
TRADE IDEA --- NOT AN INVESTMENT OPPORTUNITY