Friends, please before reading, support this idea with your Like and any Comment, thanks. You can buy AUDCAD from 0.8943-0.8927 Stop-loss at 0.891 You will find more trading ideas in SAV Finance community.
Friends, please before reading, support this idea with your Like and any Comment, thanks. You can buy NZDCAD from 0.86-0.858 Stop-loss at 0.854 You will find more trading ideas in SAV Finance community.
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.
Very strong daily trend upwards imo. Clean highs at 1.3350 is like a magnet for price.. I'll be looking for a long entry between 1.3225-1.3235. Why? (Confluences) - Daily OB - 705 fib - 50EMA Invalidation below last swing point.
Our 4Hr chart shows a shallow downtrend since the start of August; since then the trend has been so shallow CADJPY has ultimately been consolidating. Looking for a breakut we will use our resistance as we are down-trending. Our Resistance line shows we are at the top testing our line for the 5th MAJOR time. With no avail to proceed past. We will use our 1000 Range...
Clear broken support which now becomes resitance and bears taking over. Smart money probably pushed the price a bit higher so that buyers enter but as I mentioned its a clear broken support which is now resistance. Price will go down.. Great risk/reward. Catch it & enjoy my friends!
Looking at this pair, I will be going short should the 4hour candle indicate a downward trend. What's your take? TriforeX
The Market has been pretty bearish for USDCAD but the trend line broke and retested forming an inverse head and shoulder pattern on the 4h candle .It possible it could go all the way up to 1.31935 before a pullback can occur.
AUDCAD IS IN A GOOD SUPPORT LEVEL. IF YOU CAN SEE IN OCT 18 MADE THE SAME PATTERN IN THE SAME ZONE. SO I'M EXPECTING A UPTREND FOR THE NEXT WEEKS :) GOOD R:R TRADE. REMEMBER DON'T RISK MORE THAN 2% OF YOUR ACCOUNT.
Usually CADJPY has positive correlation with BrentOil (attach idea at the bottom) Sell 83.389 SL - 83.64 TP1 - 82.93 TP2 - 82.24 TP3 - 81.98 TP4 - 81.65 RRR - 1:6.6
While a number of technicals point to a bit of an upside trend, this should be limited by short-term resistance followed by a correction back to the long two-year channel that has formed. Daily FX's Nick Cawley called this the trade of the year to short this pair. So far its not panning out. For more, check out www.anthonylaurence.wordpress.com
See trade config after pull back to value. Longer term view i see this pair reaching 1.53000
Weekly trend continues. 4hr wedge break out imminent.
See chart for trade configuration... *** O