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6C1! trade ideas

Canadian Dollar Futures MonthlyCanadian Dollar Futures Monthly Chart Bullish Bias 10/18/21 Looking at Current Market Price Action, on the Monthly Time Frame We can see that the Canadian Dollar Futures is painting a bullish recovery over the past 2 months Finding support at the 0.77500 level we can see that the price action of August and September rejected that level very quickly, also we have a great level of confluence in that zone with the 2020 highs. Also we find that we have ran through not only 2020 highs but 2019 highs as well and we matched 2017 highs with the run in the first quarter of this year. Looking at all this data we can see that price has a willingness to trade higher and will most likely make its way to the 0.87500 level as the next major level in the next 6-12 months.
CME:6C1!Long
by ArjunBanks
CADUSD | When and where to enter long and short#CADUSD #Futures #6CM2021 #1HR - Here is CADUSD futures 1hr chart. Currently, yellow upward trendline is supporting and a short-term bottom has been formed at 0.82370. I am more bearish when this bottom fails supporting. - When that happens before 5/20 19:00, I am looking at 0.82200~0.82280 as a short-term support. If you wish to enter long here, make sure to take profit under the previous bottom at 0.82370 since it will then act as a resistance due to SR Flip. - On the other hand, if CADUSD rallies upward to test the top of the white channel before 5/20 18:00, 0.82760~0.82840 seems to be a decent resistance. If white channel gets broken above, 0.82990~0.83070 is next resistance I am considering. - If the market gets bearish and goes through some more correction, here are some of the supports for long entry: 0.81530~0.81630, 0.81110~0.81210, and 0.80540~0.80670. - All of the periodic references are in Korean standard time (UTC+09:00).
CME:6CM2021
by Tommy_Trader
Canadian Dollar short put verticalMax profit: $70 Probability of Profit: 83% Profit Target relative to my Buying Power: 20% Max loss with my risk management: ~$150 Req. Buy Power: $430 (max loss without management at expiry, no way to let this happen!) Tasty IVR: 28 (average at futures) Expiry: 36 days Sell 1 !6CM1 Jun4' 0.8 Put Buy 1 !6CM1 Jun4' 0.785 Put Credit Call spread for 0.70cr each Stop/my risk management : Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 150$. Probability of loss in this way: ~10% . Take profit strategy: 50% of max.profit in this case with auto sell order at 0.35db. Probability of profit this way: ~90%. Of course I'll not wait until expiry in any case! If you liked this article, check my other ideas. Anyway: HIT THE LIKE BUTTON BELOW , and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview !
CME:6C1!Long
by TanukiTrade