USDCAD Buy Setup
Details on chart.
ملاحظة
2nd Entry 1.291ملاحظة
Stay long we are going for 1.34 and high after consolidation!ملاحظة
This trade require some time.. but usdcad is going for 1.35 and high!ملاحظة
Remaining below 1.31 can again go for 1.29 as well..ملاحظة
Break of yesterdays high will smooth road for 1.325 intially..ملاحظة
and if there will be no break then we will be back in broad range of 1.31 and 1.28ملاحظة
1st major success for bulls as it has taken out 1.31.. stay long we will target 1.35 in coming time!ملاحظة
Closed 1st entry from 1.30 at 1.3127 with 127 pips profit and now 2nd entry floating from 1.291ملاحظة
It is now close to 2nd resistance of today 1.3194..ملاحظة
Trading below 1.32 is still bearish and it can get pullback again towards 1.306 or 1.30 on Monday. Break of 1.32 would be positive.ملاحظة
We have 2nd big break now... 1.32 is taken out.ملاحظة
Apart from swing setup.. usdcad has very bullish setup for today.. which suggest going above 1.317 for today.. it has taken downside.. now upside.. Only break of 1.30 will be bearish.. above it can rockملاحظة
Nice upside.. 1.35 still intact!!!!!!!ملاحظة
Break of 1.32 will be another break... many buy stops there that will push price more high..!!!ملاحظة
Buy usdcad on pullback towards 1.3125 on monday.. we have Tripple bottom now at 1.30 and neckline of 4hr double bottom is 1.314/45.. so buy pullback will be great opportunity for long position... Other thing.. i am not expecting usdcad to take now leap jumps as on friday because as per daily chart.. it make long candle and then make turtle walk.. so though it will go for highs but at same time i am expecting pullbacks as well as per last daily chart candles..ملاحظة
So usdcad back under 1.30!!! I was expecting this move and i shared 3 days ago that as per its daily chart.. every time it makes long big candle upside then it retrace 70 to 100% and then move up... keeping buyers and sellers both in consolidation.. For today, we have crude oil inventories data and oil is on brink to slide down below 43.3.. but as far as it is above 42.. oil is bullish intrday. I am expecting now move up towards 1.322 as it has taken down retracement as per daily chart and expecting oil to slide down.. remaining market will tell.ملاحظة
Out from longs...ملاحظة
Market seems preparing to break 1.30... and upon clear break road of 1.24 will be opened and if upside break of 1.32 then 1.35 and even 1.40.... lets see where market crack today.ملاحظة
I am having now short position in usdcad.. lets be it as if it dont want to rise.. or i will be scrambled out if there will be upsideملاحظة
As said yesterday, that market wants to break 1.30.. and today we have clean breakout.. i know see 1st downside target 1.27 and then 124..
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