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UC Weekly Classic Cup & Handle or not?Looks like a classic UC Classic Cup & Handle to me with EURCAD and GBPCAD at lower levels and CADCHF and CADJPY residing at higher levels, this C&H pattern could very well confirm its continuation of the already set uptrend. However, in the exceptional case that USD devalues at the same time and at the same pace or faster, UC would drop from where that happens, possibly drawing the same structure as it did January 2016, swing up to 1.47 and then down to 1.24
Short
by Deep-Peat-Shark
2
USDCAD Short After NFPUSDCAD Short - Daily Timeframe Entry - 1.305 TP - 1.285 - 200 pips SL - 1.315 - 100 pips Disclaimer- I will ordinarily avoid trading around or near NFP, but I'm making an exception this time around, which could turn out to be a bad move. I've been in and out of shorts on USDCAD for a while now, but this looks like an opportunity to capitalize on a larger move down. Fundamentals: - Oil prices continue to rally with an unsettled US-Iran situation. - US Hourly earnings and NFP numbers missed projections. - Canadian unemployment rate and new change in employment beat expectations. - Central bank interest rates are even at 1.75%. - Majority of retail traders on Myfxbook (86%) are long. Technicals: - Price broke out and retested a long-term ascending trendline. - Price on the daily timeframe is below the Ichimoku Cloud, 200 MA (blue line), and 30 EMA (green line). - Made LL last week. We'll see how it goes. It's possible I'll have missed an opportunity to enter at a more favorable price. Didn't open a huge position- risking 2% if SL is hit. Thanks for looking, -Zedro
Short
by Zedro
3
UC PLAY - PENGUINS ARE READY FOR 2020:) USDCAD 1/1/2020 Hello Traders! We would like to show you a game... While Penguins are on the hunt, you can easily join them as well! It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs. Targets are marked on the chart as a crosshair. Heart in the box - a place to jump in/out Sign with exclamation mark - places to be aware of a few different types of reactions from this level Target sign - the first target to focus on Thunder sign - spot to react - possible jump to push into reversal Penguin - expected direction Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy. Like it if it was helpful to you. We appreciate the likes and comments. Provided feedback helps us with the future service. Got questions? Feel free to PM us! Thank you for your attention, GOD BLESS U ALL!
by Snipers-Academy
UC: Update on free signal given on 11.14We've cleared enough profit to move stop loss to entry so this is as of now a risk-free trade. Our first downside target remains 1.315 which is just over 100 pips. We're currently floating +38 pips and look for more downside price action in correlation with Oil potentially breaking 78$ a barrel. Four days of bullish price action were over with yesterday's bearish (engulfing) close. We're looking forward to more downside price action with this trade and will update to the channel when we have taken a partial profit.
Short
by UnknownUnicorn3442968
13
UC Daily Update: Neutral Until BreakWaiting patiently for a higher low around 1.32 for a possible long entry! Patience will be key! Looking like some really good trades are on the way! With this specific setup, being dynamic and flexible to price action in either direction is key. Remaining neutral in a setup is essential to hitting any opportunity that will come our way this week. Confluences for a long: - Ascending trending line - 4-hr and 1d uptrend Confluences for a short: - Potential for retracement at fib zone - Monthly resistance of 1.33 - Weekly descending wedge
by UnknownUnicorn3442968