.st0{fill:#FFFFFF;}

Swing Trading Strategy USDCAD – 16th April 2019 

 April 15, 2019

By  Advanced Strategies

USDCAD made a huge bullish move yesterday. On the H4 chart, the price action suggests that the price seems to produce a double bottom. In fact, that long and solid bullish H4 candle has been produced right at the support level. This means a breakout towards the upside might push the price towards the North further. Let us have a look at the H4 USDCAD chart.

This is another trade idea generated by the Elite Swing Trader.

Swing Trading Strategy USDCAD – 16th April 2019
Swing Trading Strategy USDCAD – 16th April 2019

Yesterday’s bullish H4 candle has set a bullish tone here. The level of 1.33885 is a very strong level of resistance where the price reacted a number of times. The buyers are going to wait for a breakout at this level. The level of 1.33630 is the level of support here, which has already produced an H4 bullish candle. Since it is not an H4 engulfing candle, thus after an H1 breakout we need to wait for a consolidation and then another H1 bullish engulfing candle to be produced at the breakout level to offer us a long entry. Let us have a look at the summary of the trade….

  • Buy Stop Order: 1.34022
  • Stop loss:   1.33608
  • Take Profit: 1.34527

The produced H4 candle at the support level is assumed an engulfing candle by many traders. To me, it is not an engulfing candle since it closed within the bearish candle’s wick. The candle looks very bullish, but it is an Inside bar. Thus, I am assuming a consolidation and another signal here to be on the safer side.

Click Here to learn more about Elite Swing Trader

The Elite Swing Trader Trading Dashboard

With the Indicator, you can now have multiple charts open and wait for the Elite Swing Trader will highlight potential trades to your attention. Of course, without saying, you do not trade every signals. Instead, this is a massive time saver. You decide on the trades to take.

This is a time tested Ever Green Swing trading system. Learn more here…


Claim Your $60 No Deposit Bonus Here

All you need is to have your live account verified!
Of course, you need to open a live account...

2 Brokers that we like A LOT!
USD30 from each Forex Broker Below.
Both Forex Brokers have excellent rating!

Broker #1

Broker #2

We use both of these brokers and proudly promote them!

NOTE: Not all countries qualify for these bonuses. Terms and Condition Applies.

Other Analysis Today

Advanced Strategies


Your Signature

related posts:


GBP/USD Daily Price Forecast – 28th March 2024


GBP/NZD Daily Price Forecast – 27th March 2024


USD/JPY Daily Price Forecast – 26th March 2024

Leave a Reply:

Your email address will not be published. Required fields are marked

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Get in touch

Advanced Forex Strategies