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Main move of week of USDCAD is UP, therefore awaiting pullback to get long positions. Stop loss is bellow low of the week.
Ridmantas's Blog
USDCAD
USDCAD has completely bearish outlook, which was very slow last week. Rest pairs USDJPY/ USDCHF as well move to south. Therefore, there is high probability that next week we will see strong moves with wide ranges.
USDCAD
USDCAD currently is under consolidation. Later will be decided breakout.
UP breakout has in favor main diagonal of the consolidation
DOWN breakout has in favor main move of the wee/ month and day.
UP breakout has in favor main diagonal of the consolidation
DOWN breakout has in favor main move of the wee/ month and day.
USDCAD
This month USDCAD has reached only 68% of its average month range. Therefore, It should recover within next month and most likely average month range will be above 100%
USDCAD
Finally my order at 1.2825 with SL bellow month low was taken on a third attempt since yesterday. Next week most likely will decide if main move of the month will be changed to down side, or we continue USDCAD travel to north.
USDCAD
USCAD is moving quickly to low of the month. Will be watching closely if it will be able to handle. Otherwise, if it will hold, will take long positions.
USDCAD
Yesterday USDCAD failed to change Main move of the month to upside, therefore I assume, that we are going to south, to check extend main move of the month to south and print new lows.
USDCAD
USDCAD has trendline which most likely will be broken with impact changing main move of the week and extending price further fall.
USDCAD
Most likely after the news we will get trendline breakout along with main move of the week. Therefore I have short possition with tight stop losst
USDCAD
Average daily range is more than 130%. In addition, bellow is a trendline which should be broken in nearest future.
THerefore Sell position is taken with very tight stop loss.
THerefore Sell position is taken with very tight stop loss.