USDCAD SHORT SETUP:
COT DATA:
2021-03-16 (L) 40,644 (S) 50,907 (TOT CON) 91,551 (%L) 44% (%S) 56% (NET CON) -10,263
SENTIMENT: USD WEAKNESS / CAD STRENGTH
AREAS OF INTEREST:
1.2625 - 1.2700 SUPPLY ZONE
1.2550 - 1.2600 SUPPLY ZONE
1.23 - 1.2375 DEMAND ZONE
TRADE STATEMENTS:
IF MKT INDICATES WEAKNESS IN 1.2550 - 1.2600; THEN SELL MKT
IF 1.2625 IS TRADED; THEN SELL 1.2625
TRADE MANAGEMENT:
PORTFOLIO RISK PARAMETER (1% - 3%)
SET SL/TP/BE PARAMETERS ACCORDINGLY
LET TRADE DEVELOP
IDEA ALERT:
BE AWARE OF PRICE ACTION AGAINST TRADE IDEA
MKT COULD TURN HIGHER FROM CURRENT LEVELS
MKT COULD TURN LOWER FROM CURRENT LEVELS
COT DATA:
2021-03-16 (L) 40,644 (S) 50,907 (TOT CON) 91,551 (%L) 44% (%S) 56% (NET CON) -10,263
SENTIMENT: USD WEAKNESS / CAD STRENGTH
AREAS OF INTEREST:
1.2625 - 1.2700 SUPPLY ZONE
1.2550 - 1.2600 SUPPLY ZONE
1.23 - 1.2375 DEMAND ZONE
TRADE STATEMENTS:
IF MKT INDICATES WEAKNESS IN 1.2550 - 1.2600; THEN SELL MKT
IF 1.2625 IS TRADED; THEN SELL 1.2625
TRADE MANAGEMENT:
PORTFOLIO RISK PARAMETER (1% - 3%)
SET SL/TP/BE PARAMETERS ACCORDINGLY
LET TRADE DEVELOP
IDEA ALERT:
BE AWARE OF PRICE ACTION AGAINST TRADE IDEA
MKT COULD TURN HIGHER FROM CURRENT LEVELS
MKT COULD TURN LOWER FROM CURRENT LEVELS
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.