GBPCAD is currently in a correction. We could very likely be in a 335 flat correction, which would make wave C 5 waves as opposed to the 3 waves shown in the chart. Either way, we'll be looking for a short from these levels. Trade Idea: - No safe entry for this trade - Risk Entry now with tight stops above the recent highs - Invalidation for this scenario will be...
Hey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.47700 zone, EURCAD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.47700 resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring NZDCAD for a buying opportunity around 0.81100 zone, NZDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.81100 support and resistance zone. Trade safe, Joe.
In this trading analysis, we will provide insights into the prevailing short-term bearish bias for the EUR/CAD currency pair. We will focus on the fundamental factors that contribute to the Canadian Dollar (CAD) strength and the support from rising oil prices. Additionally, considering that an open sell position on this pair is already established, we will assess...
8th August 2023 DXY: break above 102.40 to trade higher toward 102.80 resistance NZDUSD: Sell 0.6050 SL 20 TP 60 AUDUSD: Sell 0.6510 SL 25 TP 45 USDJPY: Buy 143.20 SL 30 TP 60 GBPUSD: Sell 1.27 SL 25 TP 90 EURUSD: Sell 1.0960 SL 20 TP 40 USDCHF: Wait, look for reaction along 0.88 USDCAD: Sell 1.3360 SL 30 TP 60 Gold: break 1930, below 1929, could see 1924
Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.34800 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.34800 support and resistance zone. Trade safe, Joe.
USDCAD is testing a key daily resistance. The price formed a double top pattern on that on a 4H time frame. The neckline of the pattern is now broken. I think that we can expect a retracement from the underlined yellow area. Goal will be 1.3325 ❤️Please, support my work with like, thank you!❤️
Aussie is performing really badly and though CAD suffered on Friday due to the unemployment data, I think it will show strength due to the rising price of oil (which looks set to continue). We're in a bearish downtrend that I can't see stopping soon, so looking for shorts around 0.882 - 0.885.
Expecting further upside this week on EURCAD Last week closed strong bullish to setup this week Classic break and retest set up of 1.46 key level and 1.45 daily pivot area (79% retracement) Looking to enter on start of week retracement with stops below 1.45 invalidation area Targets at 1.49-1.50 Follow for more
NZD/CAD was trading in a narrowing wedge pattern but now we are seeing a bullish breakout so I will be expecting growth.
Hey Traders We have a trading opportunity here, Let's see those reasons,,,, Daily chart Daily candle did not close above the resistance area and forming a nice rejection Hourly chart Market formed a Double Top pattern and retesting resistance area We have multiple targets Trade safely with money management Be happy If you agree with our...
Hi Guys, so I expect this week to be interesting, with a lot of analysis by traders and emotions in play. For USDCAD I expect a bullish run in line with weekly Price Action and hopefully, the market will give us that edge, possible entry levels are already indicated, don't forget to manage risk, we minimize losses till we hit the winners and maximize those. All...
AUD/CAD was retesting a horizontal resistance level of 0.887 while trading in a downtrend so I thought that we will see bearish continuation and we saw it!
GBP/CAD is trading in an uptrend along the rising support line from where we are seeing a nice rebound so I think that the pair will go up.
usdcad best position for next week target 1 and OB is target 2
We have supply qnd we have strong top And we have break of structure
Could we get a retest of the previous high? Nice demand are here as well as potential divergence dating back to around 7/18 when the recent downtrend started.
Hello Traders, Exciting potential awaits on the CADCHF pair! Currently, we've spotted a bearish flag pattern forming on the 4h timeframe. A break from this formation will serve as a strong confirmation of continuing bearish momentum. Another key element to watch out for is the inside bar. A shift past its limit into a new low will underline the dominant bearish...