top of page
Search

USD/CAD on Sep 5, 2019

On 1D/daily time-frame: We have engulfing bearish 1D candle.

Trend remains down on 1D.

We are selling at 31% and 50% levels of recent downward move on 1D. We have taken 31% instead of 30% into account as a significant level because it co-incides with 1.3250, a round no.

We are targeting 61.8% of whole move on 1D time-frame.


On 1H time-frame:

The risk: If 1H candle closes above high of this spike on 1H, that was formed following release of weak CAD Trade Balance yesterday and was erased as BOC statement was released, this bearish setup will become invalid.



 
 
 

Recent Posts

See All
Gold (XAU/USD) trading plan

Return from psychological level of 3000 may give us a trading opportunity in Gold. Buyers may be taking profit and getting out, which may...

 
 
 

Comments

Couldn’t Load Comments
It looks like there was a technical problem. Try reconnecting or refreshing the page.
  • Facebook Social Icon
  • Youtube

© 2010-25 by KeonConsultancy.com

 

 

The information on this website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement.

 

Past performance is no guarantee of future results. Your capital is at risk in Forex & CFD trading.

bottom of page