Dean0078

Dean0078

Check both Monthly and Daily chart

Dean0078

1D chart

Dean0078

Like and comment if you want to.

Dean0078

If you like my research then do like it.

Dean0078

Time for shot USDCAD as it made a dark cloud candle on a weekly chart. What do you think?

Dean0078

As we can see USDCAD is in an uptrend for a long time and now it is retesting its uptrend line on both the weekly and daily charts. But we also have to notice that in the short term the pair is in its downtrend. Therefore if you're looking to buy this pair, right now is the time. Maybe 1 ATR below then the trend line could be your SL and upside is open as you...

Dean0078

Alright! this pair looks very strong as it is bouncing back right after it touches its weekly and daily uptrend line which is also acting as support. Buy order could please and SL should be right below or 1 ATR below then its uptrend line.

Dean0078

As we can see after a clear bearish trend or downtrend, the pair become consolidate for a while at its support zone plus if you notice the trending move was getting shorter when it was at its support zone and its retracement move was getting larger than usual. And now there is a clear uptrend, the trending move is larger than retracement move, therefore we can...

Dean0078

On an uptrend Head and Shoulder is forming and it is indicating that this pair is now ready for deep down till 200 moving average.

04:46

Dean0078

Check the weekly and daily technical for AUD/CAD, from my view the pair is still in the bearish zone.

Dean0078

As we can see it is bouncing back from it's weekly and daily resistance. The short position could be placed here.