Canadia dollar Trade locations with possible Outcomes Outllook strogly bullish

I posted on Friday that 'Reversal' in trend of Canadian dollar is on the cards and According to my Forex Intraday Trading strategies I would like to remain bullish on the pair. After I posted, Price break the point of equilibrium straight away and Now I am posting two charts with two possible outcomes. With BOC not a lot concerned about the 'BOC Policy Decision', and they are ready to enjoy its weakness for Growth and Recovery.

Take a look at the Chart of Canadian Dollar Hourly Chart

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Forex trading Price action based on supply and demand Levels

As Long as charts are not Uploading on my blogs, I have used My youtube channel to let you explain the reason of entry and exit and that video was posted on my Youtube channel yesterday and It has behave the same way which I have anticipated.

Gold Updates As we have some strong accumulation

I would like to update the Gold chart as I have seen some "Strong accumulation" before the next move. In Forex trading "Momentum can reverse the trend but Only In Forex we have some strong supply and demand Scenarios which makes this place full of opportunities. My "Intraday Forex trading strategies" always tell me what I am doing and Why I am making such Observations. If you have strong downside rallies ahead of strong "Protection Area", then need to have first clue of price holding downside pressure.

In this case we have some strong protection area after the breakout(upside) around 1298.00 and After price manage to hold the higher price so strongly for few days It build up some strong "Reference Points" Marked by blue rectangle and the upside rally sustained after the test of "Accumulation Zone", the price has again start reacting at lows and also holding further downside rallies.

I would rather recommend and test of lows of failed with strong momentum coming in again and we have only one supply zone which is around "1321" and then "1336". Risk is not that much when we see any momentum coming but reward is very good and that what should be the case while we trade any currency or metal to offer you strong reward and low risk

Take a look at the updated gold Chart

In this chart shaded blue rectangles are the trade locations which strongly hints about the test of atleast supply zone on Intra-day basis and Price is still in range after the strong downside rally yesterday and I would recommend you to see whether we see strong breakout and test of the range and continuation of "Uptrend".

Candadian Dollar spike of daily Demand Zone Outlook Bullish

Canadian Dollar spike from the several months low was due to strong demand area as it was the are just above the protection area which is 1.0560. Risk aversion hit the market when Canadian Banks released their monthly Unemployment Data, which tells that unemployment rise during last month and rate went upto 7.1% as market was anticipating no change.

For me It is a strong hint that market has complete the correction or it could be reracement as well but In elongated trends, this type of behavior is very much on the cards and Price go through the 1.0680 supply zone with conviction and strength.

I would really try to take a closer look if that "Supply Zone" is tested again and this cross will be on the priority list to trade.

Take a look at usd/cad Daily Chart below

usd/cad Bounce of strong demand zone Outlook strong bullish

IN this chart there is strong elongated trend followed by strong liquidation but as I mentioned in the blue line which is just above the low of breakout out candle which comes in at 1.0560 "protection Area" and when earlier spike was way above that area and created a strong demand, We should have the clue "How to trade" such scenario when that area is tested again.

I did enter after strong momentum candle spike off the lows and It could be a start of new trend again and that is why always trust and momentum and take one pair at a time specially when it One Time Frame Move (OTF)

Gold Intraday Technical update Rise from strong Demand Area

Gold "Rise from Strong Demand Areas" And When we see movement that is going to be highly volatile and starting from inside of the trading range, it’s probably a «cascading effect» - something that is created by «fear of missing out» - many traders are chasing this movement and will lead to fast auction, raising prices higher and higher. In auction market theory it’s called "initiative break", it means that something is happening very quickly, with significant expansion in volatility, and maybe – volumes. But volumes can be not interpreted easily in this case.

When volume is increasing (or decreasing) inside of the trading range, this information can be misleading, because there are too many types of traders participating inside of the trading range – from algos to scalpers, and increased volume can be a result of those guys’ Overtrading

Gold Intraday Update as it has In strong run since low

Gold Intraday Update Cascading Effect

The idea of posting such is good from Educational point of view and also such activities can get more out of you as a traders because It does make sense to trade logic things and trade what we see rather than what we expect.

Analyzing too many chart at a Time does necessarily means that you are trying to force the issues and try to capture every possible opportunity that can arrive at any time.

But things are different with "Commodities" traders that you don't have to be worried about anything else as there are two or three precious metal to remain focus as compare to "Scan" Multiple "Currencies", Which is impossible.