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Slattysl

eur/ cad long 2/8 - 2/24over the past 2 months of dollar strength, one pair that didn't budge was usd/cad. cad/jpy had also been making a run for it. in my opionion i think cad is due for a nice retracement. chart: blue dotted line comes from a previous inverse head & shoulders neckline on the 4hr chart back in mid-december.. it's rejecting for now Red rectangles: where i believe the order blocks to be and where i assume price action begins stop: 1.5335 entry: 1.5349 to 1.526 (within that 10 pips range) im not really looking to "take profit" i'll be looking to hold and swing until euro pmi data comes out on feb 26th & then will come back to short a week later for the bank of canada/ press conference on march 10th then back long shortly after for the ecb meeting on march 11th.. cashapp: $bakedbenji
Long
by SlattYSL
3
USD/CAD AVG PRICE (potential SWING buy)only thing im waiting for to truly go long on this pair is the CAD Cash Rate thats coming up here within 4 hours, but 1.2875 is the avg price for usd cad. I've been watching it for days.. the pair has obviously found support but the cash rate is the only thing putting pressure on the cad. That happens at 10AM EST. Oil has dropped, dollar(dxy) has hid a demand zone, those are all the confirmations i need. so Avg entry is 1.2875 (i will be wait for cash rate spike to get in at a lower price) My first take profit is not until 1.292, that is literally 135 pips, im just going to take 40% off and let it run to it's full potential. all of my take profit's are on the chart.... REMEMBER CAD CASH RATE MAY SPIKE THIS DOWN WITHIN THE NEXT 4 HOURS
by SlattYSL
AUD/JPY SWING TRADEAUD/JPY coming into trend resistance.. so this is a safe low risk short for me. The only volatility i expect to maybe shake up my decision, are the following; BoE, Largade, & Fed Speech at the end of the week(11/13) Maybe Japan Prelim GDP on Sunday Market open (11/15) Monetary Policy Meeting Minutes for Aud on Monday(11/16) BIG MOVER: AUD UNEMPLOYMENT RATE & EMPLOYMENT CHAGNGE ON WEDNESDAY during Intraday (11/18) i entered on market around 76.928. There was a bunch of JPY weakness across the board following the Vaccine announcement. Jpy is over extended, the market over reacted, but has yet come to it's senses. AUD strength in GREEN RSI in YELLOW JPY strength in RED YELLOW DOTTED LINE - Alerts set for RESISTANCE or TAKE PROFIT (if successful i will update after 1st tp) I personally just set alerts and hold until my final target is reached UNLESS the technical break. Yellow lines just alert me on when i should be aware of a POSSIBLE trend change. BLUE FLAG/DOTTED LINES - BONUS PIP.. by then 60%-70% of my profit is taken out and i trail by 30 pips. IF 75 (TARGET PRICE) is reached we will get neutral take 40% off and just wait for the market to give us a signal
by SlattYSL