USDCAD Swing ahead?
Updated
USDCAD Hey everyone, I hope all of you doing great. New week ahead us so lets get into it.
As we start, one of three ideas last week went as i hope but, I publish my idea whats going on right at the moment but price started to do things why i did not enter into this trades, non of them confirm my entry, I want to keep u up with this ideas if I am getting in or not. Like on #NZD/USD trade i updated my Idea when i got entry on this pair. So always make your own decision and analys for all of this ideas. but remeber Im just one of you and I want to provide only the best of my knowledge for ya all. Thank you <3
So lets talk about #USD/CAD pair:
1M At first we can see, this month is very bear for this pair and break under 1.325 sup.
whats the only thing that is most against this idea
1W But if we look at 1W timeframe, we can see break of support but price looking exhausted
and is close for 1D support which we need to test if its valid and week trendline in our
favor. We can even add psych. areas like 1.3, 1.31, 1.32. where we can catch the reverse
point. This is most important for us.
1D This timeframe tells same as 1W so 1D i use for monitoring this trade with 4H,2H and 1H
I will try my best to keep u updated about this. Good luck for ya all this week.
Note
Hey guys! For all of you who entered this trade from white line then i would rather take 1st TP and let it run. This week i just tested my ideas and for surpirse lot of them went right direction so i have pretty interesting week. Looking into charts to give some good ideas for all of you. Thank you <3
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