today i place pending sell order @ 1.0290
my stop loss of the day @ 1.0305
my half take profit of the day @ 1.0260
and half @ 1.0235
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today i place pending sell order @ 1.0290
my stop loss of the day @ 1.0305
my half take profit of the day @ 1.0260
and half @ 1.0235
From 03:57 23-Apr-2013 GMT
Till 07:57 23-Apr-2013 GMT
Sell
Sell at 1.028
Take profit* at 1.0232
Stop loss at 1.0312
Pivot levels today:
R3: 1.0316
R2: 1.0300
R1: 1.0279
PP: 1.0263
S1: 1.0241
S2: 1.0225
S3: 1.0204
Comment: Price now is above the daily and weekly pivot levels, also it is above the 55 sMA, so more rising is expected.
Forecast: Price may rise to 1.0351, but if it can break 1.0233 level, this may open the way to more fall to 1.0149.
USD / CAD Bullish - TDS
With USD / CAD last at 1.0256, from the latest weekly highs at 1.0256 and near the weekly lows, see stronger short-term support now at 1.0250, "momentum is bullish hourly trend-USD, aligning with the positive signal -USD on a momentum oscillator signal trend short-term, intermediate and long-term bullish lain.tetap and think that the decline in the USD lower is the purchase,
According to analysts, the move higher will have "room to boost surpass 1.0341 peak."
Now the price is moving above the pivot point as you can see in the chart.
I will buy at this stage with take profit just below the Resistance 2 at 1.0295 and stop loss just below the support 1 at 1.0235
http://charts.mql5.com/1/393/usdcad-...orex-group.png
for the USDCAD currency pair I think you should put a buy order from now on, because I am more confident that prices will be able to break up or in case of a strong up trend. and you may start a buy order at the price of 1. 0285 target of 20 pips and do not forget to always put stoplose 40 pips if you follow the signal from me
Usd/cad pivot levels by using fibonacci pivot indicator.
r3: 1.0304
r2: 1.0289
r1: 1.0279
pivot : 1.0263
s1: 1.248
s2: 1.0238
s3: 1.0222
The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 1.0185 and key resistance at 1.0355. According to my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big mover. Until then we remain neutral.
time frame- H1
the price is making double top chart pattern. if this is break the nick line at the 1.0255 we can short this to the target at 1.0200 and the stop loss is just above at top of the pattern at 1.0295
Usd/Cad Calculation results Pivot Today
Resistance 2 = 1.0298
Resistance 1 = 1.0275
Pivot Point = 1.0261
Support 1 = 1.0238
Support 2 = 1.0224
If
Buy = 1.0231
Take Profit = 1.0268
Stop Loss = 1.0210
If
Sell = 1.0287
Take Profit = 1.0231
Stop Loss = 1.0321
Good Luck