USDCAD new short ideasSo USDCAD pushed higher and now back at a stronger resistance area so ill be looking for shorts around this this level.
Usdcadshortsetup
USDCAD continuation area soon Not really much happening on USDCAD, we are now just seeing price make a retracement like I expected, then ill be watching for hopefully the next short wave down.
USDCAD SHORT UPDATES!Now that price has reached first minor target area I think from this support we may see another push back up to make another failed spike up or a retracement to follow the possible new downtrend. If we see this retracement move I may look at adding further short trades.
USDCAD short area!!I'm still holding the bias of seeing a further push down but now its just getting into the best entry point, after been stopped at breakeven from last night ill be watching for entry's again today! Price usually gives you more then one opportunity and we still haven't broken upside trend structure so I defiantly wouldn't look at taken shorts from current price, be patient and snipe those best entry points. Good luck!
USDCAD running into resistance (short area)Will 1.28000 be the resistance that gives the much needed pullback on USDCAD? Ill just be monitoring price at the start of the week and hopefully price can shape nicely for either a bigger retracement or even possible reversal.
USDCAD intra-day shorts Here on USDCAD Ill be looking for a short position if price can reject the top of this consolidation range I've drawn on and then look at taking out 1.23000 again where ill then be looking at possible buy trades.
USDCAD SHORT POSITIONS TAKEN!Hoping to see price continue to the downside from around current area. Would have liked price to make more of a corrective move but I'm expecting weaker USD so hopefully we can just move from here. Remember always manage risk and never let you emotions dictate your decision making!
USDCAD trade ideaqUSDCAD is in the middle of a supply zone. Showing rejections, we need to see bearish price action for a valid short entry.
USD/CAD Short Trade setup so simple and perfect 1.37000 will be our entry point once we see a bearish price action
USDCAD SHORTHello guys in this video i show why i see a short in cad fro the next few days and a long term long bias. My bias shaped by the fact that i see along in oil and since oi and cad are correlated i see short term weakness in usd and strength in cad. I see weakness in usd since the Dow has been weakening showing that investors are putting their money in safe havens and away from usd stocks especially with elections nearing. Although i am careful since i know we have an upcoming fomc meeting on Wednesday meaning they will likely be bullish of their economy especially with the impressive fundamental data that has been coming out of the usa. So meaning i see a short until fomc, the short will also offer many investors good risk reward when it comes to fomc which is likely going to be bullish for the fomc
USDCAD Potential Short From Current LevelHi guys. I've explained everything in the video. Enjoy! :-)
KHALID HAMID
MTB + L/S Zones + S/R(1) - USDCAD 1/29/19 A Red Letter DayHey Trayders,
Just a quick update on the trade taken last Friday. We printed a new Support line from yesterday's price action and are being patient for a new, lower resistance line further down in price. I am personally following the strategy loosely in this test because I believe we will move down to trendstart (seen on the original leg down from last January) but I will show you where I would-have taken profit which is also outlined in the video.
Some possible TPs, if you were to be more conservative, are:
TP1: range between 1.288 to 1.278
TP2: range between 1.263 to 1.253
TP3: range between 1.236 to 1.225
TP4: range between 1.224 to 1.206
setup:
1. add martin trend bars, add martin S/R, add martin L/S zones to chart
2. set martin S/R to 1 or 2 sensitivity (recommend 1)
rules for opening a trade:
-open if zone color is in the same direction as your trade, green for long short for red
-open on the next 3 color trio you have after a trio of the opposing color (aggressive)
-open on the next 3 color trio after a large block of the opposing color (ultra conservative)
rules for stop loss:
-if longing, put SL slightly under the current support (1-5 pips)
-if shorting, put SL slightly under the current resistance (1-5 pips)
rules for taking profit/losses:
-you get stopped out on your trades
-if longing and resistance line becomes lower than the previous resistance line then close the trade
-if shorting and support line becomes higher than the previous support line then close the trade
-if zone color changes to the opposing color then close the trade
-be smart and close the trade yourself under your own discretion
