USD/CAD: Bullish Above 1.3320 - LONG!
Updated
The Situation: Price has stopped falling, and bounced out of a key support zone of 1.3320. We think price can go higher and perhaps test out 1.3520 and maybe 1.3570 and 1.3660 before long.
DAILY Techs: Bullish MACD and other stuff on the daily charts. The Daily MACD histogram is positive and bullish the oscillator crosses ain’t bad either. Price bounced from a key support level at 1.3320. We're in!
MONTHLY Techs: Support zone seems solid at 1.32ish, and price is likely to continue heading up from there.
Our Situation: Long from 1.3354, targeting 1.3520 and other resistance zones. See below.
Current Stops: 1.3325
Current Price: 1.3354
Major Resistance Zones: 1.3520 & 1.3667 & 1.3850
Daily Resistance Zones: 1.3380, 1.3495, 1.3570
Check back for updates!
DAILY Techs: Bullish MACD and other stuff on the daily charts. The Daily MACD histogram is positive and bullish the oscillator crosses ain’t bad either. Price bounced from a key support level at 1.3320. We're in!
MONTHLY Techs: Support zone seems solid at 1.32ish, and price is likely to continue heading up from there.
Our Situation: Long from 1.3354, targeting 1.3520 and other resistance zones. See below.
Current Stops: 1.3325
Current Price: 1.3354
Major Resistance Zones: 1.3520 & 1.3667 & 1.3850
Daily Resistance Zones: 1.3380, 1.3495, 1.3570
Check back for updates!
Note
Moved stops to 1.3335.Current Price: 1.3354
Trade closed: stop reached
Stopped out at 13335.-19
FAIL!
Loss!
Current Price: 1.3331
Trade active
Trying another long spot executed at 1.3371.Stops at 1.3340
Risk on!
Trade active
USD/CAD: Current Price: 1.3360Got rubbed out at 1.3340 but hopped back in the trade. Ugly Monday.
If we can get the price to relocate somewhere over 1.3380, it'll open more upside. 1st Target: 1.3570
Trade Status:
Entry at 1.3371 was sussed out during a nap at 1.3340. -29
Re-entered at 1.3351 stops at 1.3335.
Risk on!
Trade active
Moving stops to 1.3360.Current Price: 1.3381.
Trade closed manually
Closed USD/CAD long at 1.3365.Thing is reversing.
Flat at 1.3365.
+14
Win! (If you want to call it that.)
Camping for a new long.
Trade active
We're buying the USD/CAD rally.Long spot executed at 1.3425
Stops: 1.3385
Target Resistance Zones: 1.3520 & 1.3667 & 1.3850
Daily Resistance Zones: 1.3495, 1.3570
Support Zone: 1.3380ish
Fundamental Justification: High CPI. Fed can't really cut like people think. This justifies a stronger dollar.
Current Price: 1.3418
Trade active
Such a nasty whipsaw. Moving stops back below support to 1.3375.
Maximum risk tolerance on this long is 1.3365.
I think price will recover and continue the uptrend after today's price action is over.
Current Price: 1.3394
Trade closed: stop reached
Stopped out at 1.3375-50
Loss!
Trader since 2006. Investor since 2019. Chart Technician & Technical Strategist. Texas native. #HustleFirst #SupremeHustle #SupremeFinesse
@vizfact on Public.com
@vizfact on Public.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.