CAD Pairs Market Analysis and Trade Setups - Page 7

@asuquokelvin - 1 hour ago

USDCAD Trade Setup
Type: Long
Entry: 1.3978
SL: 1.3940
TP: 1.4052

Trade Idea: I spotted a level that looked like a solid support level on 4hr, which made me execute the trade, but currently I re-analyzed and realized it has only a history of use as resistance and not support, which means I should have exercised more patience or joined sells instead.

You shouldn't have enter the buy, over the weekend I check the us yield, vix and other economic indicators, I removed the Gbpusd limit, EU limit I placed on Friday, because I noticed they will all reverse today

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@nsg_usd - 1 hour ago

Quoted - nsg_usd

USDCAD- Analysis Update

I just took note that the current 4hr candle just closed, and price is unable to break below previous week's low at 1.3941.
with a 5mins Bullish engulf, I'll re-enter buys.
Entry zone: 1.3956
SL: 1.3940

USDCAD- Trade Setup
Trade Type: Long
Execution: Instant (re-entries)
Entry: 1.3955
SL: 1.3939

Trade Approach: I reanalyzed and realized that the buy idea has not been invalidated despite the bearish momentum that kicked it, so I re-entered.

@asuquokelvin @godspowerdan

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@asuquokelvin - 1 hour ago

Quoted - nsg_usd

USDCAD- Trade Setup
Trade Type: Long
Execution: Instant (re-entries)
Entry: 1.3955
SL: 1.3939

Trade Approach: I reanalyzed and realized that the buy idea has not been invalidated despite the bearish momentum that kicked it, so I re-entered.

You will still be kicked out again, the Trend is heavily bearish it's even showing in EU

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