usd cad Price Action . Price is reacting to old supply and demand zones.

Usd/cad chart posted here. Price action is quite subdued by filling demand buckets and reacting to upper supply zones and then falling very seriously. Previously stated price is tend to resume or are we seeing a big rally to upwards.

My idea is that we should see the approach first to react to 1.3370-80 zone area & then I'll update the post for possible target zone if there is new zone created of demand when it breach the recent high. Then we will possibly see that short term rally is eyeing multi month top & we should only look to trade to long opportunities.

But As I said, Its totally on the approach, when price leave that zone and then reaction to reach to upper supply zone created and that fall is very strong and I would possibly recommend shorting around that zone and then target 1.3210 area with stops around 1.3410 area. Offering very good Risk to Reward opportunity in sight.

Usd/cad supply and demand zones clearly marked on the chart

Update on 03rd September 2019

Look at the Chart Above & below. Aren't they same. IS the price Action clues of rejection from true FTR of the Flag.

There is still room for more rejection & I would surely update the chart in real time, when that opportunity arrives. Stay Short Usd/cad

Is this market really fundamentally driven ?

I've seen market takes turn based on what big players are focusing. Federation and Trump & OPEC, people with big guns turns the market at will. How long is it going to stay or is it going to stay like it is ?

Can we see banks following the market & turning the table with strong rate cuts & Show off their economies the right way. Well ! New zealand bank did exactly the same way and that was the best volatility for New zealand pair and Crude oil inventories as that create panic amongst central banks of global slowdown.

Same can be expected from Bank of Canada.

Market is not expecting any rate cut at this time of the year but this market is full of surprises and this will be the another one and we could usd/cad take lead and rest follows as well. I'll surely keep an eye on that as this for me is the biggest event of the week after what KIwi banks did.

Brexit deal, sterling & trading levels

Brexit deal or NO-deal is currently on the cards sooner or later and that is the reason why sterling is so much range bound ahead of any news coming out of camp & also we see strong movement but in range and as everyone is expecting pound to recover, I don't agree with anyone specifically on the short term, as I see big orders around again at 1.2220 area & I would surely look to ride that area.

Usd Bears seems to be returning the market again this weekend l Eyening crucial test of 0.9810 of USD/Chf

Hi Readers,

I hope you guys have heard of stop hunting process and lack of momentum and fundamentals drive the price back to previous broken support resistance area and expect to hunt for stops both up and down. That is exactly the case for USD/chf as I've seen. I am looking to short usd/chf here with stops around 0.9830 to see if there are still some fuel left in the tank to push the price up in the range and take the momentum from there on.

This week is very quite as far as currencies is concerned except pound is getting a strong run in past three days . This could be a relief rally and one should again be ready to see if there are players around to push it again towards the multi-year support around 1.1950. That is way far from where the price is right now. But this is the moment if you want to bag big profits in currency trading. I'll keep you guys updated on gbp/usd next week.

Price in USD/chf is expecting a u turn again around the current levels

Chart explains it all. I often believe that if price is taking out previous strong bases with authority, then It is time to turn the paddles again when price return to the origin of previous. USD/chf is the doing exactly same. WE break below strong support and we clearly sees decision made to move lower but Now there is a need of liquidation of collection of earlier pending orders and we can see stops around 0.9830 and target 0.9710 area once again.

Short term Trade Idea & GUide to Scalping with good Risk Reward

It has been quite a while since I've updated the blog but the situation requires me to wait for war to finish and lot of things happening around like 'Brexit, China-U.S trade war, Euro zone bank decision etc. So, I decided to wait on sidelines after trading usd/chf last week. It was one hell of a trade which fetch very good risk reward and trade was spot on after there was news that turn the market on its heels, when Trump warn China that if there is a deal, then this is the time and again opposing 10% tariff on $300 billion of goods & market react shockingly specially USD bears & crude oil & all other commodities.

That seems to be a order of the day with such rumors coming out of every corner & market react and collapse in one trading session & recovers in other. So, we are now not relying on economies but on one economy and truth is one INdividual .

Lets talk about chart. My chart of the DAy is Aus/Usd

Price has left so many clues around. IT will collapse once again around 0.6870-90 area. I would post chart and video once again when ready and will explain it one by one that why I take decisions based on my values not based on how market react to news. Price will rise and fall and then again rise and rise but we need to look out for areas where we can stop and reverse the trade. I'm a prolific seller & hardly buy in the market except when I'm given an opportunity with low risk swaping zone to buy with a good trend otherwise 90% of the time I'm handling my trading with sell trades.

More on that on coming weeks and months as I'have decided to kick on and start updating the blog on regular basis and look to help everyone the best way I can.