It looks like tripple TOP on USDCAD and potential downtrend movement if setup is correct and strong.
It appears price is gaining momentum in anticipation of a rally to the downside from 1.33500 zone since it has found it difficult to break this area in the last 2 weeks. Considering the present volatility in the USD currency, patience is pertinent as the price could break the 1.33500 zone up into the 1.5500 zone before the rally down. However, price action...
This is a follow up on earlier publications (see link below) Update on this pair coming up as we watch the present characteristics of price action around the 1.32200 zone
Price tests the support zone and looks like it's going to form a pin bar. If price does remain above support, it would confirm my prediction that price will form a H&S pattern. On the 1H chart, we can see the H&S more clearly the previous test showed a bullish engulfing candle and on the current test of support we see another candlestick pattern on the...
If price gets to the D completion of the bat pattern & the 1.33150 zone, I will short for 140 pips there are 4 major confluences from that level, can u spot themI
D1 -->> resistance spotted -->> pullback to cloud --->> expect huge downward movement if it fail to break the cloud
D1 -->> resistance spotted -->> pullback to cloud -->> expect huge downward movement if it fail to break the cloud
USDCAD reversed off its resistance at 1.32387 where it could potentially drop further to 1.31544. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCAD is approaching its resistance at 1.31554 where it is could reverse down to its support at 1.31114. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCAD short intraday trade setup.. head and shoulders, descending triangle along with CAD strength giving me enough to take a short here.
USDCAD reversed off its resistance at 1.32603 where it could potentially drop further to 1.31111. Disclaimer: Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
previously that purple box was our support line, this pair broke the support line and now purple box area is our resistant line, week ahead we may see more down trend. Trade with correct risk management... our goal is to become profitable trader. Do all the possible analysis before you place any trade and its about finding the best entry point. Good luck traders !!
Price has been pushing down while forming LHs and LLs on the smaller time frame, my entry was based on the H4 close which broke 1.34200 and pushed up for liquidity forming another LH on H1 as it retested it's broken support. My goal is to ride the current market momentum to the daily demand zone for a 1:3.
Hi guys. I've explained everything in the video. Enjoy! :-) KHALID HAMID