1. Resistance at 1.32091 2. Selling off the resistance of the rising wedge pattern, this level is pretty close to the major resistance level 3. Essentially a sell signal like a hanging man/bearish engulfing would be an ideal confirmation 4. Targeting the support of the rising wedge is a good first target in my opinion 5. 1.30000 would be my next stop IF price...
USDCAD Formed a 1H BAT pattern and the X point has very strong structure. Therefore Short from 1.31550 Target 1: 1.30485 Target 2: 1.29915 Target 3: Move STOP TO BREAKEVEN and let it run. If you think this analysis can be useful and you want to receive new updates about this idea, click on LIKE button! Thank you for support and trade with care!
USDCAD short opportunity. more to my analysis but ill keep it short. this pair has been consolidating around the zone its in throughout the day. Looking for it to breakthrough within' the next few hours. Patience is key. Cheers
Pair: USDCAD Trade: Short Time Frame: 4 Hour Strategy: CYPHER PATTERN
Elliot Wave Theory spotted on the weekly chart, I'm expecting USDCAD to drop around 1.2000 to complete the 5th leg of that Theory. 800+pips potential
IF UCAD reaches this FIBO .786 I Will retry to buy again. My first buy will be stopped out but that's fine. I expect this move before it continues bearish.
USDCAD / LIBRA PATTERN Now wait for Right Tray confirmation
As long as the 50 EMA on the 4H timeframe holds as support, we can expect USD/CAD to move up. This is the continuation pattern. We can also see good bullish momentum on the daily chart. Trade safe.
Currently hit resistance, possible we get a drop to target. Wait for more confirmation. Currently on uptrend so be wary. Thanks for viewing!
The USDCAD is in my opinion in a WXYXZ formation. There, the loonie is already in the X2 and should form a abcde correction. This is already in the final stages and should fall within the e at least 1.25 or lower, which is a very good move for a currency pair. At 1.20, the e and thus the X2 could find its end. Once this has taken place, a strong devaluation of the...
Hi traders, USDCAD is still Bearish . Don't miss this short. It has a huge potential. As per my analysis, price action shall further move up to the below targets. Entry: 1.31608 (or) Entry @ CMP Take Profit: 1.28608 Stop Loss: 1.32358 Risk Vs Reward Ratio: 4 Go short the USDCAD ; Good Luck
There is a major resistance level at 1.3300 to 1.3250. if price touch this level and candle close under the resistance level then we can go for sell. Note: This is my opinion only. i post only for ideas or education purpose.
This pair is bearish for me looking at the weekly chart, strong bearish candle inside an ascending channel. Therefore bearish short term. A break of the lows inside the yellow box could run it down to 1.25500 support, but a pullback is needed first! Just be wary of double bottoms and tops being formed which are also apparent on the daily timeframe too.