USDCAD outlook USDCAD formed a nice inverted head & shoulder on the D1/4H/1H charts. Most of this year the pair's consolidated between zones. This recent move started near the top of the zone 1.31307 and the impulse ended near the top of the high zone 1.34669, breaking the consolidation. Looking for price to complete a pullback and will look for a long entry. A 50% retracement would be near 1.32999, the top and bottom of the recent zone are line up near the 61.8 (1.33412) and 38.2(1.32654), I'll be looking to entries at these areas which also line up with the neckline of the head & shoulders pattern. Measuring this impulse move is 338.2 pips, taking a trade from either of these levels, I would look for the full measure of the move, this also lines up with the January highs.
Pullbacktrade
Couple points LONG
Trend change: Long set up
200 ema biggest resistance now.
Expecting histogram (MACD) to turn up to continue the trend.
It is currently in pullback mode: the buy zone.
Long to 200 EMA
Although still in a downtrend (Below 200 EMA I classify as downtrend), a counter-trend move to test the 200 EMA is believe to be imminent.
Usually after divergences on a downtrend, there is a move up to the 200 EMA (a test).
Sometimes it will blow pass the 200 EMA (gap above it), sometimes it will get cold rejected.
With that in mind target 200 EMA.
If it breaks or blow pass the 200 EMA (Full uptrend then), there is usually a pullback test to the 200 EMA where one can re-enter long.
Best of luck. Info is in the charts.
Pullback Trade for JT
Missed the first pullback that tested the 200 ema.
Awaiting pullback for entry
Long Opportunity
QTT just came out of it's uptrend pullback.
At the start of trend continuation.
Opportunity currently exist for a couple points long.
EUR/USD: Swing-Setup! CHANCE to SELL the retracement!Hey tradomaniacs,
welcome to another free signal!
Important: Place a sell-stop @ entry or wait for the pullback after Breakout!
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Type: Swingtrade
Sell-Stop: 1.14356
Stop-Loss: 1.14685
Target 1: 1.14030
Target 2: 1.139
Target 3: 1.13771
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Peace and good trades
Irasor
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