-USDCAD is oversold on most RSI 1,2,3,4hs -Approaching 0.764 fib level -Short term resistance Looks like a decent place to go short! Safe and Successful trading
Price comes down from the upper extreme. A rest in the BZ (BuyZone) is very possible. I allways wait for entry, let the market proof that he stick. Then I want to see intension to the upside, wait for a bounce to enter, IF i have a good stop. P! Free ressource: mytradingcoach.teachable.com
The pair is looking ready to breakout to the upside after already having a smaller degree breakout, I would be buying this pair once a break is confirmed for some decent targets.
AUDCAD has had a relatively strong support (yellow line) last year, 2015, and it was violated only once, 26 Feb this year, and it lasted for a week. After the retracement there was a period of bullish trend which finished on 9 March when AUDCAD met a strong resistance level at 1.00500. Bullish trend continued up to the moment when AUDCAD hit our strong SUPPORT...
I will be looking for a movement below the green support on Monday before placing a trade. Overall this pair is trending down and it has pulled back to resistance. I believe this is a good time to short with the proper signals. I will be paying close attention to RSI and MACD. I have 3 TPs shown. The green line is long term support on the weekly. Looking like a...
Reference: MIDAS Technical Analysis by Andrew Coles and David G. Hawkins DeMark Indicators by Jason Perl
USD CAD WAIT LONG PATTERN AND GO LONG TARGET 1: 1.3414 TARGET 2: 1.3656 --> SO WTI OIL WILL GO SHORT
I have entered a buy stop on USDCAD at 1.3015 with a stop loss at 1.2845 due to the daily pin bar and rejection off of the two lowest red bars, two strong levels of support that price has rejected. If the 1.2845 level is reached before our buy stop has been triggered then this trade becomes invalid and I will cancel the order.
Right now GOLD is following a predicted standard Elliott Wave corrective path. To confirm this it has to drop to the 1200.00 area or lower. From there watch for a reversal. This will play out in the CAD and AUD pairs if it does so. AND the S&P could have a sharp move if this happens as well. NOTE: If it goes UP from here then the correction may be over. BUT I...
The pair broke weekly TL which held since 2014 , and has retested. Now we can see clear market direction to the downside this is confirmed by MA crossover to the downside and a break of daily TL. Target 1 @ 1.292261 , Target 2 @ 1.282262 A lack of clear market direction has resulted in less analysis from us , when market conditions are not clear sit on your hands...
The secondary trend of EUR/CAD is bearish on charts and price is trading below the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining below 200 day SMA and is taking resistance of 50 day SMA indicating dowtrend of the pair. Resistance level of 1.4835 and Support level of 1.4587 If it breaks its support level on the downside and sustains...
CAD is at some major resistance currently and expecting the YEN to follow Gold soon. We just completed a bearish bat and a false break of the trendline. I am short at 85.4. Expecting to see a lot of weakness. The target is open.
Well I do think the USDCAD is bottoming temporary. But I am not at all sure what it's doing long or short term really. Does anyone have a potential long term EW count on this pair?
The pair has broken the long term down trend and have retested it and and is bouncing off again providing us with an opportunity to go short.