Price is dropping towards the Order block which had a strong departure and is just placed below the PWL. I'm expecting the bounce in there and then I will speculate on the move up to the PWH. In COT data we can see that although the price is dropping lower the market makers are adding the longs, so it can be position-building. Always follow these rules -...
USD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.3649 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 1.3707 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance. Take profit is at...
Hi Jack, Thanks for sending your charts over. I have ignored a lot of your mark ups because if they make sense to you, you should keep doing what you are doing. There are a bunch of ways to trade the markets. There is no one right way. However, I wouldn't have taken your trade and this video is supposed to describe why. If it doesn't make sense, or if you need...
You can learn a methodology trust the methodology and be consistent. This weekly planning session is based on the H4 Indices, the idea is to do another major basket analysis after Tuesday trading. This analysis examined the AUD/USD, GBP/USD, USDJPY & USDCAD. H4 Indices Portfolio Selection BULLISH: AUD, JPY, GBP, CAD, NZD BEARISH: USD,...
USD/CAD is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.3628 which is an overlap support that lies underneath the 61.8% Fibonacci retracement level. Stop loss is at 1.3590 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level. Take profit is at...
I wouldn't take a short on the USDCAD yet, they could easily sweep last weeks Wednesday high. What we are seeing currently in the USDCAD is a test of the recent swing highs and lows, which could indicate the Market Makers are building a book of orders. I would wait for the price action to get out of the consolidation and for there to be a larger displacement with...
USD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.3636 which is a pullback resistance. Stop loss is at 1.3675 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance. Take profit is at 1.3561 which is a pullback support. High Risk Investment...
USD/CAD could fall towards an overlap support and potentially bounce off this level to climb higher. Buy entry is at 1.3628 which is an overlap support that aligns close to the 61.8% Fibonacci retracement level. Stop loss is at 0.3590 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level. Take profit is at 1.3719...
USDCAD is showing signs of Selling inside this very very very large range. I am looking or price to make another pullback just like how it formed a triple top to get some ammo to fall and break that triple top neckline.
Today's focus: USDCAD Pattern – consolidation pattern break (continuation) Support – 1.3650 Resistance – 1.3780, 1.3830 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at USDCAD on its daily chart. Today, we are wondering if the USDCAD is setting off on a new move higher after holding support. Price continues to test at the...
USD/CAD has just bounced off a key support level (50.0% Fibonacci retracement level) and is climbing higher. Buy entry is at market (1.3724). Stop loss is at 1.3693 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is between 1.3740 and 1.3753 which is a resistance zone that is bounded by the 50.0%...
USD/CAD is trading close to an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.3632 which is an overlap support. Stop loss is at 1.3600 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level. Take profit is at 1.3717 which is a pullback resistance that aligns with the...
Plan your trades and trade your plan. The weekly planning session is one of the most important things you can do as a trader. In this session, I analysed the Currency Index basket of the USD, EUR, GBP, CAD, CHF, AUD, NZD, and JPY. The strength lies with the USD, the rest are still in a confirmed downtrend.
the price is standing at a strong area of resistance since Oct 2022 this area pushes the price each time very strongly. the second entry reason is that the price created this reversal head and shoulders pattern so we can enter a sell trade directly around the neckline
Hey Rich Friends, Happy Tuesday! Here is my technical analysis for USDCAD. Always check the news and cross-reference the indicators on your chart before entering any trades. I think that there are opportunities to sell and here is what I am looking at: - The market has already rejected a previous supply zone on the weekly time frame - There is an evening star...
USD/CAD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.3702 which is a pullback support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 1.3608 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 1.3828...
In this episode I share my results in the two week competition I'm participating in. I talk about changes to The Leap competition and also discuss the ways I avoid boredom while trading.
the price is standing at a strong area of resistance since Oct 2022 this area pushes the price each time very strongly. the second entry reason is that the price created this reversal head and shoulders pattern so we can enter a sell trade directly around the neckline