USD/CAD: Shorting to 1.29490 (Playing the pullback)
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
Kommentar:
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Adding to my shorts
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Strong divergence
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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
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
Off until Monday
Best,
Jesse
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New target: 1.29540
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Patience patience :)
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I am shorting more
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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
But I will not be greedy
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This little game is tiring don’t you think so? lol
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Still in the trade waiting to see if it is a false breakout or not. Divergence still in play
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Volume did not follow with this candle which makes me think that it could potentially drop from here. In wait and see mode
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As long as it stays at these levels I am keeping the trade. H4 OBV was also showing a divergence as well as shorter timeframes
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The trade was based on a strong resistance in the past where there was a strong divergence.
Trade still active
Trade still active
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Ideally I would like to see H4 below this line in 1.30 hour
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 1.30
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I like this h1 candle :-)
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Will need some extra patience with this trade... hopefully not as long as with GBP/JPY :-)
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Ok guys, last update for the day.
@Buckz I hope this answers your question :-)
Best,
Jesse
@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.
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 wurde manuell geschlossen:
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.
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 !
Stay tuned !
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Still in the trade , what a day with currencies !
