CAD Pairs Market Analysis and Trade Setups

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N
@nsg_usd - 2 weeks ago
Quoted - asuquokelvin

Closed my nzdcad buys, I am waiting for a weekly bullish close to see if I can continue

NZDCAD respected the bearish channel and continues with the sell.
I'll like to see it break below 0.7980. That will give sell continuation entries with 0.8064 as invalidation level which is above today's high.

N
@nsg_usd - 2 weeks ago
Quoted - asuquokelvin

I suspected that the sells will resume so I closed it today

Oh, that's good.
NZDCAD- Price respected the support level and didn't break below it today. This confirms that price is in a range. It's best to trade within the range until there's a major breakout on either side although the bearish channel shows price might still be favoring sells more than buys.

For a sell setup, Entry: 0.8025, SL: 0.8038, TP: 0.7988.

A
@asuquokelvin - 2 weeks ago
Quoted - nsg_usd

AUDCAD- price didn't get to my sell entry, but it sold.
I had my Entry zone at: 0.9989
SL: 1.0012.

Where were you selling from?

I also had interest on gold sells and my entry was above 0.99685, but I decided to remove it since they are both Risk driven pairs, but the sells is due to AUD weak fundamentals

N
@nsg_usd - 2 weeks ago
Quoted - asuquokelvin

I also had interest on gold sells and my entry was above 0.99685, but I decided to remove it since they are both Risk driven pairs, but the sells is due to AUD weak fundamentals

Oh Alright.
AUDCAD has set up a clear intraday downtrend channel signalling its readiness to continue the sells. The day has already started with sells. I'll wait to see how the current 4hr closes by 10am for an opportunity to position for sell.
Entry: 0.9894
SL: 0.9928
TP: 0.9826

N
@nsg_usd - 2 weeks ago
Quoted - asuquokelvin

Exactly the Reason I decided to close it after much fundamental check, I noticed nzd was still bearish while cad was a bit stronger, fundamentally so I decided to close because fundamentals tells the "why"and technical tells the "where"

That's good.
Both Fundamental and Technicals usually complement each other. An understanding of both makes your decision balanced and well-informed.
NZDCAD has tap into my Entry Zone: 0.8025, SL: 0.80355, TP: 0.7988
I didn't set limit but will look out for re-entries.

A
@asuquokelvin - 2 weeks ago
Quoted - nsg_usd

That's good.
Both Fundamental and Technicals usually complement each other. An understanding of both makes your decision balanced and well-informed.
NZDCAD has tap into my Entry Zone: 0.8025, SL: 0.80355, TP: 0.7988
I didn't set limit but will look out for re-entries.

It's still okay, I don't always like setting limits when price is approaching a level because it might want to run above the level or respect it , so I mark out my levels and wait for price to react before I take my trades, for the nzdcad I will wait for the bearish trend to fade out before I look for buys

A
@asuquokelvin - 2 weeks ago
Quoted - nsg_usd

Oh Alright.
AUDCAD has set up a clear intraday downtrend channel signalling its readiness to continue the sells. The day has already started with sells. I'll wait to see how the current 4hr closes by 10am for an opportunity to position for sell.
Entry: 0.9894
SL: 0.9928
TP: 0.9826

AUDCAD is testing a key support around 0.9891 after failing again near the 0.9968 resistance. The reaction here is important—holding support with bullish displacement could create a bounce, but a clean H4 break and retest below 0.9891 would strengthen the bearish case toward the next lower levels so all I will do is wait and don't rush the sells

N
@nsg_usd - 2 days ago

USDCAD- Trade Setup
Type: Short
Entry: 1.42648
SL: 1.43017
Execution: Instant

G
@godspowerdan - 2 days ago
Quoted - nsg_usd

USDCAD- Trade Setup
Type: Short
Entry: 1.42648
SL: 1.43017
Execution: Instant

Price have finally broken the bullish channel, but after that it began to range, so I think price should have broken lower before you sell

A
@asuquokelvin - 2 days ago
Quoted - nsg_usd

USDCAD- Trade Setup
Type: Short
Entry: 1.42648
SL: 1.43017
Execution: Instant

Your sells setup is very valid but am buying from the level I marked

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