USDCAD Daily chart, a long time since any reactions to the S & R area, would want to see some local reactions before considering trading off it.
james16 Chart Thread
- #140,822
- Jul 21, 2017 6:17am Jul 21, 2017 6:17am
Hello traders, well i think we are on the bottom of UsdCad and there could be great oportunity to go long for a few days or even weeks.
What do you think about it?
What do you think about it?
SDPAFX(dot)com Knowledge-Base
- #140,824
- Jul 22, 2017 4:11am Jul 22, 2017 4:11am
- Joined Jun 2013 | Status: Trader | 1,732 Posts
Hello traders, well i think we are on the bottom of UsdCad and there could be great oportunity to go long for a few days or even weeks. What do you think about it?
- #140,826
- Jul 23, 2017 12:31am Jul 23, 2017 12:31am
{quote} In case you hadn't noticed the USD is in long term decline.Why do you think it's time to go long?
For me now the UsdCad is in weekly/monthly demand, really low in curve, so if i will se some nice bulish PA at LTF than i will have no problem to go long at all.
SDPAFX(dot)com Knowledge-Base
- #140,836
- Jul 27, 2017 8:09am Jul 27, 2017 8:09am
USDCAD Daily chart, a long time since any reactions to the S & R area, would want to see some local reactions before considering trading off it.
Sure thing mallee, it's been two years since price has paid a visit here, but it reacted all the same and is being respected, it's a braver man than me who takes a trade on the first touch, some do I know and it would have worked out well. I'll wait until price returns to the area now that it's confirmed as being relevant.
This is the 4 hour chart just to show the reactions to the S & R line (area) I drew, price could have easily just sailed past.
Be a brave move to go long without great pa. {image}
This is the 4 hour chart just to show the reactions to the S & R line (area) I drew, price could have easily just sailed past.
