Akil_Stokes
Short

USDCAD: Rising Wedge On My Radar

FX:USDCAD   U.S. Dollar/Canadian Dollar
I've got a few pairs on my radar this morning heading into our Live Trading Session and the $USDCAD is one of them looking at this rising wedge iinto fibonacci confluence and previous structure resistance .

Other include $EURJPY & $AUDUSD while I still have current trades in progress on $EURUSD & $NZDUSD

Good luck in your trading this week gang.


Akil Stokes
Chief Currency Analyst & Head Trading Coach
http://www.TradeEmpowered.com -The Premier Online Trading Education Company


YouTube https://goo.gl/Afk5sG
Facebook: https://goo.gl/VTQngr
Twitter: https://goo.gl/FlH33l
@AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)

The divergence on the RSI doesn't hurt either. Will be interesting to see how this one plays out.
+1 Reply
Something I was paying close attention to as well. Let's see what happens
+1 Reply
Thanks you.sl Tp?
+1 Reply
Akil_Stokes PRO TontasSinan
I won't know until I see if it's a tradable setup
+1 Reply
araguaney Akil_Stokes
hello Akil i remenber you showing us something like this last week, and how the lows were a bit higher in the wedge, according to your experience you think its likely it breaks to the upside (probability i mean), i dont want a trade suggestion im in a long trade already just wanting to pick your brain. great work in the syndicate men i really like your approach :)
+1 Reply
This is a similar in the fact that they're both consolidation patterns, but slightly different in there formation and completely different in the prediction that I would make off of it
+1 Reply
I think it's likely that we break to the downside typically, but not necessarily for a full reversal in trend, rather just as some relief. We've got CAD rate statement tomorrow as well, so I would keep that in the back of your mind
+1 Reply
araguaney Akil_Stokes
thanks akil appreciated
+1 Reply
no problem
Reply
Definetly it's a good analysis also i like the confluence in 1.27 with the .382 in Daily chart.=>
+1 Reply
Thanks
+1 Reply
Sorry it's 1.41
Reply
totally i agree with your idea,it should reach 0.382 fib at least
Bearish butterfly confirmed with Bearish divergence.
+1 Reply
Thanks for the comment!
Reply
Thank you for sharing your analysis :)
+1 Reply
Akil_Stokes PRO DanielAnthony
No problem Daniel
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out