Roker1
Panjang

Some confluence on USDCAD

FX:USDCAD   Dolar U.S/Dolar Kanada
Hey traders,
today i want to bring an unusual analysis for me.
This analysis is made of different clues, all pointing in the same direction. When trading you have to be on the majority side and collecting different evidences puts ourselves on the side of more and more traders. This way we can boost our confidence and the likelihood of this opportunity.
The clues are written above, and another thing that make me confident on this trade is the over extension of this market.
Usually when we have such a big move a period called "profit-taking" comes, thus creating a bigger retracement in a still bearish market.
The reason for entry would be the current engulfing candle. If it will close too big, i'm going to wait for a pullback and then buy the market.
Let's see.

If you have any question, please ask below.
Otherwise, see you in the next chart!
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw
Thanks for your great analysis!
Here is my view on USD/CAD if you are interested:

Based on Market Profile (volumes) and Price Action there are two very strong resist/support zones.
The short level (1.3666) is placed where a cummulation before a strong sell-off took place.
The long level (1.2922) is based on strong rejection activity accompanied by huge volumes (seen on the right cummulative volume on the right).

If you are interested there are more Market profile swing and intraday analysis in my profile page. You are very welcome there!
Dale
+1 Balas
Roker1 Trader_Dale
Hey @Trader_Dale, i'm always interested about others' viewpoint! Thanks for sharing this!
Balas
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Laman Utama Pengimbas Saham Pengimbas Forex Pengimbas Crypto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar