USDCAD *new traders* - pardon me for the frequent posts as this is abnormal for me to do, but just another nugget for you. price is at the last line of defense for bulls (old daily demand) before 1.39000 is reached and the rsi i displayed below is below 30. that doesnt mean buy. - very very simple. another area to be careful about.
USDCAD Broke one of my rules to not trade anymore this week because i could not resist the urge to capitalize on a setup that i saw had potential last night so i hopped in at 0448 am. 2 shorts, 80+ pips, trade closed and now im done for the week. i just could not resist any longer.
USDCAD *new traders* - you did not buy this right? cool. Like i showed you yesterday. If a new LL is formed, (i showed you the area) sellers would go all out. You either up heavy in profit and or you tried to catch the knife.
USDCAD Based on ๐ฅThief Trading style technical and fundamental analysis๐ฅ, here is our master plan to heist the USD/CAD "The Loonie" Forex Bank. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. ๐๐ธBook Profits Be wealthy and safe trade.๐ช๐๐
Entry ๐ : "The heist is on! Wait for the MA breakout then make your move at (1.41400) - Bearish profits await!" however I advise to Place sell stop orders above the Moving average (or) after the MA level Breakout Place sell limit orders within a 15 or 30 minute timeframe most NEAREST (or) SWING low or high level. ๐I strongly advise you to set an "alert (Alarm)" on your chart so you can see when the breakout entry occurs.
Stop Loss ๐: "๐ Yo, listen up! ๐ฃ๏ธ If you're lookin' to get in on a sell stop order, don't even think about settin' that stop loss till after the breakout ๐. You feel me? Now, if you're smart, you'll place that stop loss where I told you to ๐, but if you're a rebel, you can put it wherever you like ๐คช - just don't say I didn't warn you โ ๏ธ. You're playin' with fire ๐ฅ, and it's your risk, not mine ๐."
๐Thief SL placed at the nearest/swing High or Low level Using the 1H timeframe (1.42800) Day/Swing trade basis. ๐SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target ๐ฏ: 1.40000 (or) Escape Before the Target
USDCAD ๐ ๐คฃ ๐ ๐น ๐ it's so eazy to make get money from d market when u understand fundamental, macroeconomics and geopolitics....... DIAMOND HANDS........ Thanks GOD....... tradingview.com/x/fyKdpwjh
USDCAD *New traders* - free nugget - tread very very carefully in this zone.If price does not create a LL from this new supply it is a fake supply. if price creates a LL from this unproven supply that was created, active sellers will AGGRESSIVELY target 1.41700-1.41000 reason im saying this is beacuse i would if i was actively in a live trade. heading upstairs to hang out with the family