The price after a double maximum is about to go down, it has touched an important resistance and only after having it punctured can it rise again up to 1.32. At this time it is therefore interesting to take a short swing.
Here I have observed a short opportunity on the USD CAD the pair look to be holding at resistance with a really intriguing reversal pattern lets see how the close of this month plays out I'm going short at the 1.27800 level with a down side target 1.27000 level or below.
Here I have observed a short opportunity on the USD CAD the pair look to be holding at resistance with a really intriguing reversal pattern lets see how the close of this month plays out I'm going short at the 1.27800 level with a down side target 1.27000 level or below.
This Pair is in a beautiful channel, price is looking like it will break the channel to the downside, even now it is short for next week if broken bigger fall
USDCAD Short. * The chart has broken previous daily resistance, however buyers seem to be stalling. Watch that daily candle close for confirmation. Scale in. * SHORT TERM TRADE * continuation trade to the Downside. Target : 1.23544 STOP Loss : 1.25508
USDCAD Already being up 170+ Pips on UsdCad looking good :) Any who our BC Leg finally came to a halt at the 88.8 harmonic ratio. A few things to consider is -The Breakout on the 30 min of our purple trend line. -UsdCad Reached a Zone on the H1. -Use your levels as potential TP Levels -With the CD Completing we will be looking for about 200+ Pips. Lets Eat :)
The pair seems to have formed a downtrend channel and I am trading the Fibonacci cycle to the 1.618 Fibonacci Extension Level. Reward Risk Ratio 6:1
There is a possible cypher formation on the 1h chart. if it's complete we will open 2 positions. Tp1: 38.2% Tp2: 61.8% if we hit tp1 we move the stoploss to breakeven. Have a good trade!
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
SELL USDCAD from indicated zone, Risk takers can sell now Good luck