Trading Ideas
Harmonic Pattern For USDCAD // Enter At Price 1.30724
Tue, 23 Oct 2018 20:53:36 -0500
USDCAD Harmonic Pattern Trade Idea
USD/CAD technical outlook and review...
Tue, 23 Oct 2018 20:37:04 -0500
Despite crude oil falling sharply Tuesday, down nearly 5.00%, H4 movement on the USD/CAD remained relatively sedated around its 1.31 handle. In recent hours, however, the unit is seen exploring ground beneath 1.31, eyeing a possible test of September’s opening level priced in at 1.3070. A violation of this hurdle has the key figure 1.30 to target. Between 1.3070/1.30, the team notes limited demand – the two H4 tails marked with black arrows at 1.3027 and 1.3018 indicate possible demand consumption. The story on the weekly timeframe still shows room for the market to advance as far north as the Quasimodo resistance at 1.3174. Daily flow, on the other hand, appears to be levelling off in the shape of three back-to-back candlestick wicks around trend line resistance (etched from the high 1.3386). Downside from here is capped by nearby support plotted at 1.3064 (essentially underpins September’s opening level at 1.3070 on the H4 timeframe). Areas of consideration: A test of 1.3070/1.3064 is likely of interest to buyers today, though caution is advised given possible selling present from 1.31/daily trend line resistance. Should the market observe a H4 close beneath 1.3070/1.3064, a retest play (preferably by way of a H4 bearish candlestick configuration – stop/entry parameters as per the selected candlestick’s rules of engagement) to the underside of this barrier, targeting 1.30, is an is an option (red arrows). Above 1.31, however, the focus remains on the H4 supply zone at 1.3174-1.3148 and its neighbouring H4 Quasimodo resistance at 1.3190 for possible shorting opportunities. Not only do we have a weekly Quasimodo resistance mentioned above at 1.3174 intersecting with the top edge of the H4 supply, there’s also a daily trend line resistance in view as well (see above). Irrespective of whether one selects the H4 supply to sell or the H4 Quasimodo, stop-loss order placement above the apex of the H4 Quasimodo (1.3198) is a feasible option. In terms of take-profit targets, the 1.31 handle is (without seeing the approach) the logical first step. Today’s data points: FOMC members Bostic and Mester speak; BoC rate decision and press conference; Crude oil inventories.
USDCAD Scalp Zones
Tue, 23 Oct 2018 19:48:40 -0500
Scalp zones for USDCAD
USDCAD Short term setup. buy now
Tue, 23 Oct 2018 18:32:04 -0500
*Price is in the uptrend in bigger picture *Price is in a bullish rectangle (Sideways) which is a continuation pattern. This sideways is lower time, we can buy in this sideways in the direction of the trend (bigger time frame), because price will tend to break in the direction of the trend. RR Ratio 2.26:1 Comment: (Note: Never trade with the money you can't afford to lose) Good luck. Please like, comment, and subscribe to support the author if you find this analysis helpful
usdcad short
Tue, 23 Oct 2018 18:17:41 -0500
tren line and support resistance analysis
#forex #usdcad Buena momento para entrar SHORT
Tue, 23 Oct 2018 17:20:46 -0500
El #usdcad no pudo pasar la resistencia en 1.3120, ademas el #usdollar también tiene basta presión alzista. Hay que aprovechar esta correccion de tendencia. Entras SHORT ya @ 1.3120, y vendes la mitad en +/- 1.3050 o depronto mas abajo, siguenos para recibir mas indicaciones de como continuar con este trade. Pon el Stop Loss en 1.3220. Buen Trading.
#USDCAD #FOREX Trend correction change, time to SHORT IT.
Tue, 23 Oct 2018 17:17:20 -0500
#forex #usdcad unable to break the resistance line at 1.3120 will bounce back down to around 1.3030 or more. This is just a correction. So, take half your profits around 1.3050 or less, follow this idea for more info in the near future in how to trade it. Stop Loss set it now at 1.3220. Good trading.
Tue, 23 Oct 2018 17:12:51 -0500
Tue, 23 Oct 2018 16:35:11 -0500
venta de USDCAD
USD/CAD VA T-IL CHERCHER LE 1.30100 ? voir 1.29047 ?
Tue, 23 Oct 2018 16:16:00 -0500
FRA : Mon point de vue concernant USD/CAD , pour les prochain jour :), je pense un bon short devrait le faire :) EN : My point of view concerning USD/CAD , for the next days :), I think of a good pair of shorts should make it:)
Tue, 23 Oct 2018 15:27:17 -0500
Sell Stop 1.3070 Tp 1.3020
Tue, 23 Oct 2018 14:17:07 -0500
Check the support and resistance line
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