usdcad daily best level to short for 180/280 points (UPDATED)

2020-02-05 15:23:11

hey guys. how is it going? you probably already know by now.
that I'm not a fan of huge text walls. it's a total waste of time.
we are only interested in real live trades and pnl at projectsyndicate.

before we kick start the update. your upvotes/subs are appreciated.

Why should you sub to me on Tradingview?

-professional chart break downs
-key levels
-no junk on my charts
-frequent updates
-covering FX/crypto/US stocks
-24/7 uptime so constant updates

We are focused on full-time trading and running a small private group of professional traders
focused on FX/US stocks/crypto. We trade based on the systems.
Details and recent results - see my profile.

We trade based on two prop systems. One systems picks reversals in FX/crypto/stocks.
Second system is for daily trades in GBPCAD/GBPJPY and US30.

So without further due. Keep it short/simple and to the point.

usdcad daily best level to short for 180/280 points

revised from prior symmetrical bullish IHS to imperfect setup.
why? because symmetrical patters are very rare in FX markets.

key levels on chart

3330 - long-term strong S/R
3430 - key level mirror S/R
3540 - major S/D zone final TP bulls
3150 - mirror S/R best spot to buy now

what do you recommend right now?

1) best level to short is 3430
after breakout of key level 3330
2) target bears is 280 points
3) it's still possible that price
reverses at 3330 so just stay alert
if there is rejection on H4 TF
you can short it with SL above H4
candle highs TP 3150
4) finally: best spot to buy later
is mirror s/r level 3150 TP 3540

good luck, traders.

summary of key technicals:

Q:why did outlook get revised from
inverted H&S?
A:because symmetrical patterns are rare
in the markets
Q: what to expect now?
A: break out of key s/r 3330
Q: where do I short this?
A: 3430 best s/r level to short now
Q: what's the sentiment now?
A: 180 000 std lots short 90% SHORT
Q: why is 3330 going to break?
A: major weakness in oil prices
and also exteme sentiment

other trade ideas by projectsyndicate that you might like

gbpjpy best level to short for 200/400 points (UPDATED)
https://www.tradingview.com/chart/GBPJPY/nOSjzlak-gbpjpy-best-level-to-short-for-200-400-points-UPDATED/

eurusd 8hour best level to buy/sell 80/160 points
https://www.tradingview.com/chart/EURUSD/BdPeALwd-eurusd-8hour-best-level-to-buy-sell-80-160-points/

gbpusd best level to sell/buy for 150/300 points (UPDATED)
https://www.tradingview.com/chart/GBPUSD/0lZN5uSN-gbpusd-best-level-to-sell-buy-for-150-300-points-UPDATED/

usdcad 4d best level to short for 255 points gain
https://www.tradingview.com/chart/USDCAD/pGlrFfUk-usdcad-4d-best-level-to-short-for-255-points-gain/

DAX(ger30) 4d/8h best level to buy/sell 700/1000 points (NEW)
https://www.tradingview.com/chart/DAX/IDMlEz0G-DAX-ger30-4d-8h-best-level-to-buy-sell-700-1000-points-NEW/

Click to review/replay some of my recent homeruns:

legendary / high precision call in USOIL before massive 20%+ goodbye dump.

https://www.tradingview.com/chart/USOIL/LOe4kODB-usoil-target-56-70-vpvr-poc-update-by-projectsyndicate/

gbpusd h8 best level to buy for 250 points gains
https://www.tradingview.com/chart/GBPUSD/Rttv5nK4-gbpusd-h8-best-level-to-buy-for-250-points-gains/

eurusd 8hour best level to buy for 100 points gain
https://www.tradingview.com/chart/EURUSD/AXsLcuuZ-eurusd-8hour-best-level-to-buy-for-100-points-gain/

euraud 4h//8h combo update by projectsyndicate
https://www.tradingview.com/chart/EURAUD/KUyBdRjj-euraud-4h-8h-combo-update-by-projectsyndicate/

euraud h4 update by projectsyndicate.
https://www.tradingview.com/chart/EURAUD/YScwvro0-euraud-h4-update-by-projectsyndicate/

eurnzd 4d update by projectsyndicate
https://www.tradingview.com/chart/EURNZD/87oNXFqH-eurnzd-4d-update-by-projectsyndicate/