UC end of retracement resume uptrendI saw a very opinionated user in the forex chatroom who's holding a short position on this pair, saying that a) it's on a downtrend and b) it's heading towards 1.3000 level.
Although I've never traded this pair before (I'm more of a GBPJPY guy), upon opening the chart and doing some analysis, it made me have a bullish bias and I think it's going back up to make a new high towards the 1.3490 level instead.
Personally I'm not taking this trade since I'm not familiar with UC, but I just wanted to publish my view and have a shot at picking the bottom of a supposedly UC retracement.
I normally post Ideas on GBPJPY, check them out if you like trading this pair
UC
USD/CAD good setupHi there. On this pair nothing special. We bounced from strong and old trendline on July 1st and climbing new heights now. Also crossed old and strong level and entered zone of liquidity. So here we just looking for buy on any possibilities. But keep your eyes on this trendline. If we break through it - then we're done. We will roll from this rock and next stop is 1.20.
Keep it easy with Fridrex.
USDCAD WeeklyUSDCAD is looking like it wants to attempt a move down in the coming weeks and months, with price making a Bear Flag from the highs in March 2020, We could see Oil prices being a catalyst in further descent as there is typically an inverse correlation between the two. Price appears to be searching on the Weekly for lower lows.
Weekly outlook for Major Forex Pairs Hi Folks!
This is my outlook on some major forex pairs that i trade for the upcoming week.
Please have a tea and some snacks and enjoy my video and prepare your charts for the upcoming week with me.
This video is just for educational purpose, not financial advice, please DYOR before taking any trades.
If u like please hit the Like and Subscribe.
Swing on USDCAD, Choppy pair ? We'll seeThis is not a trading advice neither are my other posts. I have an entry short on the pair since yesterday, see previous post.
Supposedly UC is less volatile and easier pair to swing, for what I've read on the web.
Let see if my TA and the fundamentals align ?
If you think I am wrong or anything constructive to say please comment !
I am willing to learn as far as I want to share !
Share a thumbs up if you read till here and follow I will do the same for you ;)
Good trading !
Carlos
Weekly outlook for Major Forex Pairs Hi there!
This is my own view on for the upcoming week for most of the major pairs.
DXY looks bearish, so im looking to short USD and bullish on other pairs.
---Disclaimer---
I am not a registered financial adviser and hold no formal qualifications to give financial advice. Everything that is provided in this video is purely for educational purposes only. All information here should be independently verified, researched and confirmed.
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.