Hey guys,
USD/CAD is showing decreasing volume in short-term timeframes.
I am shorting it to 1.29490 which is a fib level. I am basically playing the pull-back.
Happy friday!
Jesse
USD/CAD is showing decreasing volume in short-term timeframes.
I am shorting it to 1.29490 which is a fib level. I am basically playing the pull-back.
Happy friday!
Jesse
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Adding to my shortsNote
Strong divergenceNote
The pair is ready for the pullback but the timing (Friday night) doesn’t help. Will probably close the trade before the end of the session with small profits. Will wait a bit and close a couple of minutes before the end.
Too bad it’s Friday night :-)
Have a good weekend guys
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Some of you have been asking me in PM, yes the target is still valid. Off until Monday
Best,
Jesse
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New target: 1.29540Note
Patience patience :)Note
I am shorting moreNote
I am targeting 38.2 fib level but it could potentially go all the way down to test the previous resistance zone which should now act as a support. But I will not be greedy
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This little game is tiring don’t you think so? lolNote
Still in the trade waiting to see if it is a false breakout or not. Divergence still in playNote
Volume did not follow with this candle which makes me think that it could potentially drop from here. In wait and see modeNote
As long as it stays at these levels I am keeping the trade. H4 OBV was also showing a divergence as well as shorter timeframesNote
The trade was based on a strong resistance in the past where there was a strong divergence. Trade still active
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Ideally I would like to see H4 below this line in 1.30 hour
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Would be great to have a close in 9 Minutes below 1.30Note
I like this h1 candle :-)Note
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Will need some extra patience with this trade... hopefully not as long as with GBP/JPY :-)Note
Ok guys, last update for the day. Buckz I hope this answers your question :-)
Best,
Jesse
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Personally since there are lots of red news for CAD this week and that CAD pairs are tricky I will go for the 1st target only! This will be the last time I trade CAD pairs as well.
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it looks like the pair is not ready for a pullback yet !Trade closed manually
The assumption of a top was not right, the divergence is apparently not yet in play. I will close the trade as soon as there is a pullback.
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Will try to post in the future trades based on shorter timeframes in order to get in and out the same day. Stay tuned !
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Still in the trade , what a day with currencies !
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.