Hey Traders!
Okay, a long-term trade for Monday. I'm thinking of going long on USDCAD very soon, reasons are the following:
These are just some points that I am covering right now, there is also beautiful price action and candlestick formation but I will update this post as soon as I enter the trade.
ONLY going to enter if the price can close above the 50%'s ..
Okay, a long-term trade for Monday. I'm thinking of going long on USDCAD very soon, reasons are the following:
- It has an incredibly strong support/resistance level @1.35
- It is being traded in an uptrend channel and
- Right now it is at the 50% of the channel and
- 50% of the Fib. Ret. which I love to use - bit differently
These are just some points that I am covering right now, there is also beautiful price action and candlestick formation but I will update this post as soon as I enter the trade.
ONLY going to enter if the price can close above the 50%'s ..
Nota
Price is struggling around the 50% of the Fib and TL Channel; I see some room to go down to 0.382 fib.If I see a little more signal for a bearish trade I will update you but I'm more bullish now on USDCAD.
Nota
As expected USDCAD is coming UPNota
@1.351 I enter the buy position; more to follow soon
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.