Look at jumping in on this down trending market at 0.8775 level if price can break below... Price has retraced, testing new Resistance, now looking for the signal to short this market. Stops @ 0.8793 Good potential reward on this set up, 1:2 initial targets, further targets @ 1:4 + if market continues to show bearish momentum.
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PROS - Rejection of key resistance - Rejection of downward sloping trend line - Rejection of 50 ema - Stoch RSI signalling overbought Thoughts?
GBPCAD breaks down a symmetrical triangle pattern you can go short now or wait for the retest then go have a nice trading
CAD on beginning of May brakad out resistance level On chart there are 2 wave of Elliott I see long term growing up
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the price is going to go up until the black line, where could start a sideways phase
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The secondary trend of EUR/CAD is bullish on charts and price is trading above the trend line in its daily chart. In daily chart the price is sustaining below 200 day SMA and taking support of 50 day SMA on the upside indicating uptrend of the pair. Resistance level of 1.4820 and Support level of 1.4595 If it breaks its resistance level on the upside and...
Go short the USDCAD if it trades at 1.2830 or lower. If triggered, place your stop at 1.2958 and exit the position for a profit at 1.2716 or at your own discretion. (Signals are valid for 1 day only. Always invest wisely). In this signal you don’t get the following: 1. How to identify the trade setup 2. How to identify short term trend 3. How to protect gains...
USD vs CAD I am looking at shorting this week. Just waiting for the entry. www.investingcopilot.com
Ticker : AUDCAD Direction : SHORT Entry Price : 0.9502 Current Price : 0.9502 Description of Chart : Potential short opportunity, we have now stopped creating higher highs and higher lows, I am looking for a further breakdown to 0.8767 area. We are at some support after breaking down through a (blue trendline). Kind of hard to explain this one but it looks to...
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These are possible scenarios that may occur on this pair. Price has recently closed above the strong inner trendline after reacting off the 1.2450 level. I will be looking for long opportunities after a close above the 1.2900 level , as i believe this level could still be an area for trend continuation.
Right now I'm waiting for a confirmation of this trend. The end of this 4hr consolidation is weak. Buy the break out ? Or wait the the next after that. A break lower would have to be strong to sell it. A retest of the 1.41 zone may happen. Looking for longs :) Please link and comment, thanks.
HOPING TODAY USD/CAD WILL ATLEAST REACH 23.60% 1.2980 SEEMS LIKE ITS ON ITS SECOND ELLIOT WAVE UP?