Spotted a 5 wave move on CADUSD from NOV 1- NOV 6.
The Pair is currently at 61.8% of the 5 wave rise.
Looks like a decent trading set up.
Note*- I do not trade in currency pairs. Please do your own research/analysis before taking up any positions.
USDCAD was able to break the 🔴resistance zone🔴 and is currently completing a pullback to the broken 🔴resistance zone🔴.
I expect USDCAD to continue its upward trend with the help of the uptrend line; the upward trend of USDCAD can continue at least up to the resistance line and 🔴heavy resistance zone🔴.
🔅U.S.Dollar/Canadian Dollar (USDCAD), 4-hour time frame...
- CAD/USD has been ranging for a while which means there are sell side liquidity and also buy side liquidity which will be taken out before a move upwards in my opinion
- the CAD has been looking strong the past couple of days
- the DXY has been looking weak the past couple days
- this indicates and gives extra confirmation that the CAD/USD pair will go up in my...
On Monday I analyzed and decided it would be best to wait for reaction above or below region A or B as marked on the charts, and truly, it was the best decision I made on USD/CAD why enter a trade when you can wait for confirmation before doing so?
We saw a break and retest above structural level A as marked on the chart which indicated strength in the pair...
Just watching the levels of support and seeing that we are about to see it move up after a small correction but only buying in once a buy setup comes available… any advice please tell me
It's been great weeks of trading cadusd structures
From
Range and breakout to lower high formation
Seems it is likely to consolidate
Blue marked zone would me by buying zone
And below swing would sl
Nice build up (4h TF)
Breakout and retest
* White line = 200 ema could be (first) 🎯
* T2 = 0.8100
Breakdown might take support @ previous swing
Note = I'm trading only it gives breakout, no trade on breakdown
If breakdown will wait for another structure to form
:)
I'm sorry, after a few losses streak, I've prepared the most logical trading ideas to balance out the negative pips, only to found out that free users are only allowed to post 10 ideas per day. Unfortunately I dried up all my quotas yesterday until late today.
But nevermind, once I am able to wire transfer the payment, I'll go for premium.
Here's a quick trade...
The pair is trading in a downtrend, following the general dollar decline in the recent months.
However, each pair has its own limits and not all of them can strengthen towards the dollar indefinitely for a number of reasons.
Some will stop appreciating sooner than others.I do not want to say that USD/CAD is now suddenly in an uptrend, no. The message above...
The pair is moving nicely along the upward trend-line support.
A small local resistance confirmed breakout signals us that the bullish continuation to be expected.
Two possible targets.
First one-weak resistance-used to be support.
Next one-strong level.
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Wish you a great day, friends!
CADUSD Ascending Triangle. A bullish breakout has happened and I believe it'll pull back to the old resistance which has now turned into support and then have a bullish turn.
