USDCAD DAILY ANALYSIS

I am anticipating a sell on USDCAD but until 5pm, if only the newyork session closes below the London session low or mid point, using the last 4hr candle that opened from 1pm to 4pm

The news is really making market so tricky, I'll just allow market for this week hopefully

My plan on USDCAD today: A break below 1.42106 will give a more downside, my invalidation is a sweep at that level and a rejection

Nice Setup. I'll just love to see it invalidate the internal trend support (yellow line) before i'll start looking for sells.

Just take this sell with me the SL is not much just 1900, I have 60% probability of winning the trade because it has a fundamental backup and it has been long for a very long time through out may and June

Nice Setup. I'll just love to see it invalidate the internal trend support (yellow line) before i'll start looking for sells.

Just take this sell with me the SL is not much just 1900, I have 60% probability of winning the trade because it has a fundamental backup and it has been long for a very long time through out may and June

I got triggered on USDCAD at midnight and total zero drawdown, price going my direction already 1:1RR I decided to take the sell after a major reaction from Kevin warsh speech, and price has been totally bullish for USDCAD since may till June, and cad news came out bullish yesterday, but I will look out closely during NFP for continuation or BE incase of a reversal

This looks clean

Not just clean the zero drawdown no psychological test no emotional engagement like a tap and reverse, just making the entry superb

I got triggered on USDCAD at midnight and total zero drawdown, price going my direction already 1:1RR I decided to take the sell after a major reaction from Kevin warsh speech, and price has been totally bullish for USDCAD since may till June, and cad news came out bullish yesterday, but I will look out closely during NFP for continuation or BE incase of a reversal

Good one but note that it's a retracement

This is what we call textbook setups 😂

It's so clean and going as expected

Patience usually creates setups like this. When price respects structure and the invalidation is clear, execution becomes much easier than chasing momentum.

Exactly 💯

This occurs rarely though, but with patience we spot the best setups

Price is showing some reversal right now but I know price can't go to my entry again, that zone where my sl is that's a very strong resistance area

I'd would advice you set BE at your entry. Market can be so unpredictable today especially as we have NFP coming up

BE set already so waiting for NFP, but price is behaving unpredictable right now but from the look I think NFP will favour the movement

Not just clean the zero drawdown no psychological test no emotional engagement like a tap and reverse, just making the entry superb

That's the beauty of using pending order sometimes. Your broker like you to trigger you in. some brokers will not.