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Usdcad1hr

On my mother's grave - USDCAD will never break above $1.36664USDCAD will not break above $1.36664 because of no recent attempt to do so. The last time prices were that high was last june and they did not stick there for very long. I am goimg short on this one as i am following the primary movement of price. I have no confidence in this awaited Bullish breakout because prices have - most of the time trending below $1.13037, been trading between $1.33827 and $4.13037 and that is where prices are going at the moment.
Short
by ChickensEatOmlets
1
USD/CAD SETUP Buy & SellChart is an expectation of market setup via gartley pattern. If market hits target C then; * SELL at 1.32839 * TP1 at 1.33311 * TP2 at 1.32911 * SL at 1.33800 Note - TP2 at target D in pattern. If market hits target D after selling at C then; * BUY on D at 1.32911 * TP1 at 1.33311 * TP2 at 1.33558 * SL at 10-20 pips below X (1.32839) Note - TP1 on buy = TP1 on sell Wait till market hits target C first for higher probability of gartley pattern in play, else; * Use indicators at lower timeframes (e.g. 5mins) for buy up opportunities to target C. Considerations on where to collect profit; * Gartley pattern completion can sometimes be annulled after TP1 of sell from target C. * Gartley pattern D breakout can sometimes finish its run at TP1. DISCLAIMER; Trading carries risks, ideas are for guideline purposes only. Do set stop losses when trading & be generous with how much room allow for candle wicks. There is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire. Do check related ideas below for those I've guided.
by Dani0
2
USDCAD dropping perfectly, remain bearishSell below 1.3482. Stop loss at 1.3543. Take profit at 1.3387. Reason for the trading strategy (technically): Price continues to drop perfectly towards our profit target and has made a nice bearish exit signalling that a change in momentum is expected. We remain bearish looking to sell below 1.3482 resistance (Fibonacci retracement, pullback resistance, swing high resistance) for a further push down to 1.3387 support (Fibonacci extension, horizontal swing low support, Elliott wave theory). RSI (55,5,3) is seeing strong resistance below the 55% level where we expect to see further bearish movement. We also see a recent bearish exit signalling that a change in momentum to bearish is expected.
Short
by MEX_Exchange