Buy @ Market 1.3764 SL. 1.372 TP. 1.38 1.383 1.387
Before new lows - 1.3770 TARGET for sure--- we need a pull back - 1.39 NFP friday... INDEX $ currencie on the extreme need correction before to trend more Pull back also USDJPY
Elliott wave structure on the daily chart . Reverse Head and Shoulder on the 1H chart. Looking for a 50% retracement to wave B for profits. Good luck! Entry: 1.4060 SL: 1.4000 TP: 1.4300 Update status
USD/CAD has retraced enough , for me to see that it has came to a level of support. It may go higher. If it doesnt there is a nice tight stop.
4 Days Ago I posted this up and as I predicted we came down and touched previous support 3 times, which bodes well for a rise up to Point D of the Cypher I will look and see how the market opens and look to take a long position to point D Good risk reward as well
I feel if we can see a candle close below the previous support we could see a further drop to point C which is the next strong structure support, it will also take us into the oversold area of the RSI. From here once I have confiramtion I will look to go long to point D of the Cypher
FX:USDCAD CYPHER: Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6% XC Target: TP1 38.2% CD TP2 61.8% CD Safe Trades; open.spotify.com
USDCAD LONG -BREAK OF TRENDLINE AND CLOSE ON 1H -MA CROSSED TO UPSIDE 1H 2H -HIT A MAJOR MONTHLY SUPPORT 1.4000 -THS LEVEL HELD AS SUPPORT -TARGET WEEKLY RES 1.4280
We had an overextended bullish run on the USDCAD-0.01% pair up to historically high area of 1.46-1.47 and since then finally got the pullback that was overdue. On the daily we had nice deceleration to the .382 fib retracement from recent swing high and now are currently forming a beautiful doji for a nice setup in the week to come. 4hr & 1hr charts show a...
Buy Limit @ Market 1.4035 SL. 1.40 TP. 1.412 1.422 1.431 1.445
Buy @ Market 1.4043 SL. 1.4033 TP. 1.41 1.42 1.44
Buy Limit: 1.40 SL. 1.3985 TP. 1.404 1.41 1.42 I am already short from 1.4125 with tp. 1.40. Round Figure will deffinitely provide some support.
Buy Limit : 1.407 SL. 1.399 TP 1.418 1.42 1.425 USD/CAD reverse sharp and now it is testing good support of 1.41. After a sharp fall.. i am expecting retracement from support with target above 1.42.
USDCAD has been in a MAJOR UPTREND for many months now. We have a Bull Cyhper coming into a lower support level. It has 100+ Pips of Risk so bear this in mind. Entry - Bull Cypher Stops - 1 ATR Below Support Level Target #1 - Retest of Highs Target #2 - 1.27% & 1.618% Fib Extension
Go long if the price break down the 55 EMA in the 4 hours chart and if the price rebound and go back in the bullish trend.
Nearing teh top of the C leg right in the oversold area of the RSI Leg D will be back down to a previous point of support which its twice bounced from Its been in a Bullish trend for the last couple of weeks which i feel looking at teh weekly charts 1.6 is goign to be the real test to see if we go higher or lower
IF price action comes at 1.4398 then our Cypher pattern will be completed right at the level where the next structure is, If you look left. And if you look below in RSI, you will find a Bullish Hidden divergence formed already. Price action is also trading above the Exponential moving average. I am expecting a reversal after it completes from the potential...