Daddy needs a new car. Closing this trade and withdrawing
We're seeing price approach our resistance at 1.3663 where it could potentially react off and push prices all the way down to the key overlap support at 1.3519 - which also lines up with a key 38.2% Fibonacci retracement. It's worth noting that there is an intermediate support at 1.3570 which is a smaller overlap support that lines up with the 23.6% Fibonacci...
The USDCAD fluctuated widely overnight with no clear directional bias, with the price remaining between the key support and resistance levels of 1.3560 and 1.3660 respectively. With no major news events on the Canadian front, the next directional move on the USDCAD would be heavily driven by the volatility of the DXY. If the DXY recovers in strength as...
Hi All, as you are aware we a long term bullish on this buy and i want to share with you a day trading opportunity to buy till friday latest atleast if you not already on the swing trade. Link to the swing trade would be tag on this analysis for your reference. |Entry , SL and TP marked. Follow, like and comment
Hi Guys, In all honesty, I thought this trade has been shared. Anyways, if you are still interested, you can join and run with a few pips toward the intraday target. Or, wait for the price to retest the entry zone, then we look for a potential SWING short position there. Stop-loss of 55pips Targeting the Daily MLoMS zone.
Fundamental Backdrop CAD's GDP dropped from 0.1% previous to -0.1%. This indicates that inflation has decreased which can possibly cause the Bank of Canada to lower their interest rates. Overall I'm expecting USDCAD to continue bullish. Technical Confluences 1. The overall bias for USDCAD on the H4 chart is bullish. To add confluence to our bias, price is...
USD/CAD trades within a bullish trend on the 4-hour chart, with yesterday’s low forming above a prior resistance level. Prices are also back above the 20-dar EMA and the weekly pivot point, so perhaps we have seen the swing low. Strong economic data from the US could send the pair higher on bets of a more aggressive Fed, with a soft GDP report for Canada also...
cad chf cannot break this resistance and it may go down from this point
On the intraday level, I am bullish on GBPCAD, following the established trend. The trade could get active today if the market deems it possible, or wait till Aisn opens on Sunday evening. Either way, it is worth looking into.
Hey Traders! I believe we have a good shot for some more bullish pressure, we are still in this bullish channel, CAD GDP came out with negative numbers we should see CAD losing strength, against dollar. We haven't broken yet the 1h 50 moving average if we do this trade becomes from good to great, otherwise, a stronger pullback could happen 🔥 ✅
The GBPCAD price is in Bullish Triple Bottom Pattern 🧐 The Daily Resistance Line is broken 🔥 so, i predict a bullish move 📈 i'm Waiting for a retest 🧐 TARGET 1: 1.64434 TARGET 2: 1.66624 ... if you agreed with this IDEA, please leave a LIKE, FOLLOW or COMMENT!
Here is the wave analysis for EURCAD. The market is currently consolidating with a horizontal trading range on a weekly, after a strong bullish impulse. 1.46 - 1.465 is the resistance of the range, 1.423 - 1.43 is its support. The upper boundary of the range matches perfectly with a key weekly resistance. Depending on the reaction of the price to the...
Here is my latest structure analysis for USDCAD. Resistance 1: 1.366 - 1.3707 area Resistance 2: 1.3745 - 1.381 area Support 1: 1.347 - 1.352 area Support 2: 1.3225 - 1.329 area Vertical Support 1: major falling trend line. Consider these structures for pullback / breakout trading. ❤️Please, support my work with like, thank you!❤️
Looking at the H4 chart, my overall bias for AUDUSD is bullish as the current price is below the Ichimoku Cloud. Looking for a pullback buy entry at 1.35182 where the recent overlap support is. We are looking to take profit at 1.37014 where the overlap resistance and 61.8% Fibonacci line are, Stop loss will be placed at 1.34428 where the recent overlap swing low...
Looking at the H4 chart, my overall bias for AUDCAD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 0.92276, where the overlap resistance and 23.6% Fibonacci line is. Stop loss will be at 0.93114, where the overlap resistance and 50% Fibonacci line is. Take profit will be at ...
Hi all, following on from our previous analysis on this pair, another bearish opportunity in form of a bearish flag. entry and sl marked. follow , like and share.
The USDCAD shot up, touched the 1.3665 (bottom of the resistance area), and formed an h4 pinbar, signaling a rejection of the resistance area. The question now is, will the USDCAD break the upward trendline to signal a reversal? This could see the price trade down to the 1.3450 (round number level) and 1.3470 price level (50% Fibonacci retracement level) support area.
Hey traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.35 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.