USDCAD - Short Trade Only
Mis à jour
USDCAD - Short to 1.1940
1W Timeframe
Week Trade #3
This week looking for a SELL opportunity only for this pair for a total target of 200 pips.
Pivot Point @ 1.2178 was broken but fast approaching critical Resistance level @ 1.2240, believe a set-up for reversal is pending. Note that a break and hold ABOVE 1.2240 will be confirmation that bullish trend will continue.
Primary level to break and hold BELOW is 1.2155 to confirm strong bearish trend in play:
Tentative:
SELL Entry Market Order @ 1.2140
T/P @ 1.1940
Price could go as low as 1.1900 or within range of 1.2080 to 1.1900 but will take T/P at above target in accordance to my own trading rules and strategies.
S/L will follow as price moves in projected direction at rate of 10-15 pips above. Entries/Exits may change in accordance to further analysis at beginning of week.
R3 1.2338 R2 1.2279 R1 1.2237
S1 1.2136 S2 1.2077 S3 1.2035
Updates / Adjustments / Results will be reflected in updated comments.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
1W Timeframe
Week Trade #3
This week looking for a SELL opportunity only for this pair for a total target of 200 pips.
Pivot Point @ 1.2178 was broken but fast approaching critical Resistance level @ 1.2240, believe a set-up for reversal is pending. Note that a break and hold ABOVE 1.2240 will be confirmation that bullish trend will continue.
Primary level to break and hold BELOW is 1.2155 to confirm strong bearish trend in play:
Tentative:
SELL Entry Market Order @ 1.2140
T/P @ 1.1940
Price could go as low as 1.1900 or within range of 1.2080 to 1.1900 but will take T/P at above target in accordance to my own trading rules and strategies.
S/L will follow as price moves in projected direction at rate of 10-15 pips above. Entries/Exits may change in accordance to further analysis at beginning of week.
R3 1.2338 R2 1.2279 R1 1.2237
S1 1.2136 S2 1.2077 S3 1.2035
Updates / Adjustments / Results will be reflected in updated comments.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Note
Sell Entry in place.Note
SELL Entry Order changed to 1.22072Transaction en cours
Note
Watch for firm break below 1.2220 to open path toward 1.1900 levels.Note
S/L set accordingly.Trade fermée: ordre d’arrêt atteint
S/L reached - Trade closed.Total P/L = (-) 43.3 pips
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