USDCAD brokeout above the falling wedge as expected from my previous analysis. Potential BUY re-entry at confirmed bounce of the flip support + fibonacci retracement levels + uptrend support ⬆️. RSI bounce could be a bullish confirmation 🔼.
Going to keep it short. The Monthly, Weekly, and Daily Trends are all still bearish. I think USDCAD is trying to make a run for the 2019 Low (green line) There should be TONS of stops sitting there as people bought the cup and handle on the monthly chart back in Jan/Feb. With this as my target, we could be seeing a run up for some liquidity. We will have a...
I project price to rise the the clean breaking point on daily. Oil and Cad are gonna drop.
USD_CAD TRAING IN A TRIANGLE TUCKED BETWEEN TWO STRUCTURE LINES| WAIT FOR BREAKOUT TO GO LONG (1) The pair is in bullish triangle (2) The level above is not too strong on daily (3) Wait for confirmed breakout (4) Then go LONG on pullback. ______________________________ LIKE and SUBSCRIBE for LULZ
USD_CAD BROKE MASSIVE RESISTANCE LEVEL, RETESTED . (1) IF price gets where the buy limit is>>>long (2) SL, takes on the chart. (3) 0,7% of deposit ___________________________________ LIKE and SUBSCRIBE for MORE
Looking for some bullish CAD throughout the week.
Price was last at this trend line in July. Would it hold??
USDCAD had formed a falling wedge chart pattern that we broke up and tested. It is testing the local resistance level. Globally, the current price movement in the descending channel but there it flashes the bullish signals which I can't ignore. Best regards EXCAVO
GBPCAD is weekly and daily bearish, the brexit situation just put more bearish pressure for gbp. Review the chart and play the channel. Good trading!
Price has broken out of the ascending channel and is looking to 0.68500 support level. Short entry could be made at the current breakout bearish candle.
We are at a strong support area with RSI in multiple time frames in the buy zone. Entry @ current price of 1.7249 TP 1 @ 1.7370 TP 2 @ 1.7440 Good luck trading! Let me know how I can help or if you have any questions. Charles V www.cvfxmanagement.com @cvfxwealth Trading made Simple
looking for this retest to execute a short position down to support.
After reaching the support, the price will rebound, then rise and fall again
we bagged 181.1 pips profit. as oil prices increased. wish you guys have a wonder trade in this pair this was a nice breakdown. look the previous video on the breakdown. so you could understand my perspective
New buy trade is valid with our strategy. We simply follow and execute, lets see how it plays out for us. Regards Darren