Dolar A.S. / Dolar KanadaPanjang
USDCAD 1H VWMA Breakout Strategy
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Cad is deciding what direction it wants to go. 1H chart shows price bouncing of the 200 sma and created a morning star doji. It has a steep incline and now it may create a steep decline as it pulls back. This is the first rule of the VWMA setup is to find a V shaped swing high. As price progresses and finally breaks the resistance line of the V swing high you can enter with a buy stop if the VWMA line is in a steep incline angle. Stop loss under breakout candle. TP is at the 100 sma of the 4H chart @ 1.2705. I will move my TP to 126.95
4H cad with 50 sma and 100 sma. Price is at the 50 sma. Decision point. It will bounce off short of the 50 sma or it will break long and travel between the 50 sma and 100 sma. Usually not much momentum in between those ma's so it may go 1/2 way to the center, fall back to the 50 sma and then take a second run to the 100 sma. This may take awhile and it's going into the week end. Watch the 4H macd blue line, it is heading toward the 0 line. If it crosses the 0 line then the reverse is being confirmed. UCa long - 15m chart price is pulling back from the 800 sma. Macd over extended OB area so there may be a pull back. If it gets stuck at the 800 sma for several bars then it will stay there for about 25 bars range. Also an example of a great long trade on the Cad 15m was when price broke above the 100 sma and the macd was above the 0 line. As you watched price move through the 50 to the 100 sma you could have palced a buy stop @ 1.2465 with TP at the 800 sma. 99 pips.
4H cad with 50 sma and 100 sma. Price is at the 50 sma. Decision point. It will bounce off short of the 50 sma or it will break long and travel between the 50 sma and 100 sma. Usually not much momentum in between those ma's so it may go 1/2 way to the center, fall back to the 50 sma and then take a second run to the 100 sma. This may take awhile and it's going into the week end. Watch the 4H macd blue line, it is heading toward the 0 line. If it crosses the 0 line then the reverse is being confirmed. UCa long - 15m chart price is pulling back from the 800 sma. Macd over extended OB area so there may be a pull back. If it gets stuck at the 800 sma for several bars then it will stay there for about 25 bars range. Also an example of a great long trade on the Cad 15m was when price broke above the 100 sma and the macd was above the 0 line. As you watched price move through the 50 to the 100 sma you could have palced a buy stop @ 1.2465 with TP at the 800 sma. 99 pips.
Nota
Pair did fall to previous swing lows so now there are 3 attempts sellers tried to break this support level. If price stays above this support level the doesn't progress the trend short with a new swing low, then it will consolidate a while. When price breaks the top of the range box @ 1.2450, then it will begin it's rise back up to the swing high of 1.2576. I am placing a pending buy stop at 1.2460 with TP at 1.2495, 1.2545 and 1.2570. I am going to re-enter again at 1.2505, 1.2555 and 1.2580.
Penafian
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