NZDCAD is trading in a long-term bearish trend. However, the market was consolidating the entire August within a horizontal range on a daily. The support of the range was finally broken last week. It is an important sign of strength of the sellers, and it indicates a highly probable bearish continuation. The prices may go lower at least to 0.7936 support ...
Hello traders, There is one entry and 2 TPs for this pair. There is also an alternative short scenario which will be publish if it's goin to be valid. Levels calculated order_block, regarding support and resistances, channel and pivot points.
Certain weeks stand out in importance, and the week ahead is shaping up to be one of them. On the economic calendar we have the Eurozone & Canada CPI as standouts for Tuesday, UK CPI & FOMC on Wednesday. Such action-packed weeks often provide the catalyst for the next move in the markets. Our attention is currently drawn to the EURCAD for multiple reasons....
Take a look at CADCHF. The pair broke and closed above a key daily resistance last week. The price is currently consolidating with a narrow horizontal range, retesting the broken structure. Your intraday bullish confirmation to buy will be a bullish breakout of the resistance of the range. 4H candle close above 0.6643 will confirm the violation. A bullish...
USDCAD reached a solid horizontal support this week. The price formed a double bottom pattern on that on a 4h time frame, bounced and violated a resistance line of a falling wedge pattern. Probabilities will be high that the pair will bounce next week. Goals: 1.355 / 1.358 ❤️Please, support my work with like, thank you!❤️
The USDCAD pair is making the initial rebound attempt after a Double Bottom on Support A (1.34875). The 1day RSI made a Lower Low on the Channel Down bottom, which is an additional buy indicator. Buy and target 1.36100, which is a little under the 0.618 Fibonacci level. Previous chart: Follow us, like the idea and leave a comment below!!
Hello Traders! On The Daily Time Frame, The NZDCAD Price Formed a Head and Shoulders Pattern! The Neckline is Broken. So, I Expect a Bearish Move📉. i'm waiting for retest... ----------- TARGET: 0.79080🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Here is my latest structure analysis for USDCAD. Resistance 1: 1.3684 - 1.3695 area Support 1: 1.3475 - 1.3508 area Support 2: 1.3358 - 1.3390 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Hello Traders! On 17 Aug, The CADCHF Reached a Support Level ! Te Price Formed a Falling Wedge Pattern ! The Resistance Line of The Wedge is Broken. The Resistance Level (0.65750-0.65825) is Broken. So, I Expect a Bullish Move📈 i'm waiting for retest... ----------- TARGET 1: 0.65750🎯 TARGET 2: 0.66000🎯 ___________ if you agreed with this IDEA, please leave a...
Hello Traders! On The Daily Time Frame, The EURCAD Price Formed a Triple Top Pattern. The Neckline is Broken🔥 The Support Line Is Broken🔥 So, I Expect a Bearish Move📉 i'm waiting for retest... ----------- TARGET: 1.45180🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Price has been consolidation for 10 weeks. It has to break up eventually. Just wait patiently. Next important resistance after break is at 116 level. There is some room to go higher. We may have a rejection at the 110 level, I will use it to add to my long position. It may take a couple weeks more but the risk reward is worth the waiting.
EURCAD broke and closed below a support of a horizontal range and a rising trend line. The violation of both horizontal and vertical key structures is an important sign of strength of the sellers. The prices may go much lower now. Next support - 1.4505 ❤️Please, support my work with like, thank you!❤️
Hello Traders! The USDCAD Broke a Strong Daily Resistance Level (1.36023-1.36681) Currently, This Resistance Level Becomes New Support Level. So, I Expect a Bullish Move📈 i'm waiting for retest... ----------- TARGET: 1.37350🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
The USDCAD pair has been on a relentless bullish run since the week of July 10 after almost touching the 1W MA200 (orange trend-line) and making a bottom on the +2 year Higher Lows trend-line. This rise will now face the first selling pressure point, the Lower Highs trend-line of the October 10 2022 High. Following a 1W MACD Bullish Cross, if a 1W candle closes...
𝘐𝘯 𝘢 𝘸𝘦𝘦𝘬𝘭𝘺 𝘤𝘰𝘯𝘵𝘦𝘹𝘵, 𝘸𝘦 𝘤𝘢𝘯 𝘴𝘦𝘦 𝘵𝘩𝘢𝘵 𝘵𝘩𝘦 𝘱𝘳𝘪𝘤𝘦 𝘴𝘩𝘰𝘸𝘴 𝘪𝘯𝘥𝘦𝘤𝘪𝘴𝘪𝘰𝘯. 𝘐𝘯 𝘢 𝘋-4𝘏 𝘤𝘰𝘯𝘵𝘦𝘹𝘵, 𝘸𝘦 𝘤𝘢𝘯 𝘴𝘦𝘦 𝘵𝘩𝘢𝘵 𝘵𝘩𝘦 𝘱𝘳𝘪𝘤𝘦 𝘪𝘴 𝘩𝘦𝘢𝘥𝘪𝘯𝘨 𝘵𝘰𝘸𝘢𝘳𝘥𝘴 𝘵𝘩𝘦 𝘉𝘚𝘓 (𝘉𝘶𝘺𝘴𝘪𝘥𝘦 𝘓𝘪𝘲𝘶𝘪𝘥𝘪𝘵𝘺). 𝘖𝘯 𝘮𝘺 𝘤𝘩𝘢𝘳𝘵, 𝘵𝘩𝘦 𝘱𝘭𝘰𝘵𝘵𝘦𝘥 𝘥𝘦𝘮𝘢𝘯𝘥 𝘭𝘦𝘷𝘦𝘭 𝘤𝘰𝘳𝘳𝘦𝘴𝘱𝘰𝘯𝘥𝘴 𝘵𝘰 𝘢 𝘱𝘳𝘦𝘷𝘪𝘰𝘶𝘴𝘭𝘺 𝘳𝘦𝘣𝘢𝘭𝘢𝘯𝘤𝘦𝘥 𝘢𝘳𝘦𝘢 (𝘵𝘩𝘦 𝘱𝘳𝘪𝘤𝘦 𝘨𝘰𝘦𝘴 𝘶𝘱, 𝘥𝘰𝘸𝘯, 𝘢𝘯𝘥 𝘵𝘩𝘦𝘯 𝘶𝘱 𝘢𝘨𝘢𝘪𝘯), 𝘢𝘭𝘭 𝘰𝘧 𝘸𝘩𝘪𝘤𝘩 𝘰𝘤𝘤𝘶𝘳𝘴 𝘸𝘪𝘵𝘩𝘪𝘯 𝘢 𝘥𝘪𝘴𝘤𝘰𝘶𝘯𝘵 𝘻𝘰𝘯𝘦 𝘧𝘳𝘰𝘮 𝘍𝘳𝘪𝘥𝘢𝘺'𝘴 𝘵𝘳𝘢𝘥𝘪𝘯𝘨 𝘴𝘦𝘴𝘴𝘪𝘰𝘯.
Pair just hit an important supply zone. It may test it again. I just opened a small short position, if it tests it again I'll add otherwise I leave my small position bc risk and reward is not that great on this trade but on the other hand that's a very tough area to break up when is clearly overbought.
EURCAD is trading within a wide horizontal trading range on a daily. The price tested its upper boundary yesterday. We see a strong bearish reaction to that. Pay attention to the support of the range - the underlined green area. If bears manage to close below that, it will be a strong bearish signal. A bearish continuation will be expected to 1.4512 then. ...
Hello Traders! On The Daily Time Frame, The AUDCAD Reached a Strong support Level ! Currently, On 4H, The Price Formed a Falling Wedge Pattern ! The Resistance Line of Wedge is Broken🔥 So, I Expect a Bullish Move📈 i'm waiting for a retest... ----------- TARGET: 0.87850🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!