Analysis: This is another setup that we see involving the GBP and this is pretty much the same as our GBPUSD setup. Firstly looking at price it's clear to see that we're in an upwards trend. We're forming higher highs and higher lows. We also have an upwards trendline which is being respected giving us even more confluence that we're in a strong upwards trend....
Weekly - two false breakouts followed by divergence after 2 waves down daily - divergence and false breakouts 4 hour - divergence on RSI, MACD looking to break the downward trend structure and enter on pullback
Posted CAD index earlier as it was approaching the top end of the parallel channel. Got the big push down as expected hence why majority of the CAD pairs have had a huge push downwards. Those of you that was following the FREE group in the link below would have caught CADCHF as CHF index was also looking ready so i chose that pair to enter. We may get a retest...
FX:GBPCAD The blue and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance.
after a print of the cpi we expect markets to hold back the interest rate hiking expectations. structurally we expect it to complete the wxy pattern on the daily chart.
Hi everyone this is my trade set up for the CAD/JPY This is my analysis only please trade with caution and risk management in place look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute good luck for this weeks trading please like and comment both are welcome thanks
Buy limit : 1.24700 Stop loss : 1.24400 TP1 : 1.25000 TP2 : 1.25400
USDCAD BUY Limit Buy Limit : 1.24400 TP1 : 1.24880 TP2 : 1.25250 Stop Loss : 1.24100
USDCAD buying bias A 120+ pips potential upside, if the resistance zone is broken. Refer to chart for the significant zones.
USDCAD Analysis Daily Time Frame USDCAD cup and handle. Bullish pattern is forming and having a 300+ pip potential upside. Trade at your own risk.
GBP Strengh has been relentless We favour the LONG side of this pair now having cleared liquidity at previous levels identified in last GBPCAD shared idea on this platform. A NEW 52W WEEK HIGH SEEMS VERY DOABLE FROM HERE.
now we just need the retest To go in in the operation and go long, this will be the part 1 of our entry, the second one will be the short one that will we also really interesting.
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Friends, please before reading, support this idea with your Like and any Comment, thanks. You can buy EURCAD from 1.462-1.46 Stop-loss at 1.457 You will find more trading ideas in SAV Finance community.