USDCAD price finding back the demand area, where buyers try to get as lower as they can to fulfil their orders. We will see what will happen when it touch the zone. Low SL, high expected TP. GL..
If the price will not break 1.2900 than we see a upwards movement 1.3400
Sell below 1.3180. Stop loss at 1.3600. Take profit at 1.2500. Reason for the trading strategy: We remain bearish below 1.3180 resistance (Fibonacci retracement, bearish pullback) especially with the break of our long term ascending-turned-resistance line signalling a bearish exit to be seen for a drop towards at least 1.2500 support (major swing low support,...
We take short position at the opening of the market. ENTRY: 1.30200 TP: 1.29700 SL:1.31500
This is my analysis for the coming few weeks for USDCAD. Currently USDCAD is in a solid symmetric Parallel Channel with a potential of forming another AB=CD pattern ending at the extreme high of the Channel @ 1.38687 When we look back at the last month of 2015 until Feb 2016, there is an interesting area of buyers and sellers getting caught in what had looked like...
Price made a break to the downside through the phase line of the channel, came back, tested it and got rejected. Very tight SL but still some room for another possible test.
Buy above 1.3200. Stop loss at 1.2990. Take profit at 1.3600. Reason for the trading strategy: USDCAD made a bounce up as expected and reached our profit target once again. We remain bullish above 1.3200 support (Fibonacci retracement) for a push up to major resistance level at 1.3600 (horizontal resistance, Fibonacci retracement). Stochastic (21,5,3) is...
USDCAD major levels of resistance: 1.3600 (Fibonacci projection, Fibonacci retracement, horizontal overlap resistance, swing high resistance) USDCAD major levels of support: 1.2200 (Fibonacci retracement, swing low support) 1.2040 (Fibonacci retracement, Fibonacci projection, swing low support) 1.1400 (Fibonacci projection) USDCAD technical indicators: RSI...
Hello Traders ! I am back .. Merry Christmas, Sorry I know I am late but too much busy with some issues. here is the Setup of USDCAD , As I am expecting the down move becuase price traps between weekly channel. Take a short position now thanks
Will the retracement for the target transpire in this market? I'm not sure but if you can handle the risk, Why not strive for the reward? Good Luck!
USDCAD H4 This is a long term forecast of USDCAD. I'm looking for a move up to complete a five waves pattern correcting the big move down from 1.46000. If this unfolds as predicted, we will see a continuation of the down trend. The other unlikely possibility is that we will start an uptrend. Time and price will tell. Either way, we can make money in ups and...