USDCAD

By NeverNO

Updated

short @1.2898
potential TP 1.2561

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first confirmation for the short trade would be 2 candles on H1 break and close below 1.2846

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for short, pay attention to 1.2821
break and close below - on a daily basis - will confirm short

but first, i think, in may he'll go a bit higher

weekly

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on friday i commented, USDCAD on monday up to 1.28911 ... he did it that way.

still, I think he is not ready to fall for another 2-3 days.
break and close on a daily basis below 1.2821 would initiate short move.

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we get the last chart above...
TP = red lines

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all 3 targets reached - red lines from last chart above... yesterday

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TP done

there i went long with TP
1.2831
1.2912

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my last post for long - above -
both TP:
1.2831
1.2912 done...
and now?!?

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i'll ty SELL @1.2966
SL above the red line 1.2980

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USDCAD:
more strength is probably ...
there are a few variants but here is one of them ...

(next week i will close my short ... a small profit would be possible)

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will USDCAD respect the diagonal as resistance ... even if not immediately but i think he should fall... if not before, then latest on friday or at the beginning of the next week
at the moment i do not see weekly close above 1.31

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first break and close on H1 bellow 1.29595 (green line) TP red circle
today 1.2986

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1.2986 reached

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very profitable

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very apt ... just a bit deeper

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short closed... in june again - higher new entry

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NeverNO

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