double top formation on usdcad. the only thing that we need is the bear break & close below minor support. Stop - 1.3345 T1 - 1.329 T2 - 1.326
SELL SETUP USD/CAD WE HAVE FUNDAMENTALS COMING THIS WEEK FOR THIS PAIR WHAT COULD HELP US PUSH LOWER. IM AIMING FOR THE FIRST TP, IF WE GET THERE WE COULD BE LOOKING AFTER THE BREAK AND RETEST FOR CONTINUATION. BUT LETS SEE HOW PRICE REACTS THERE. USE GOOD RISK MANAGEMENT AS MARKET WILL BE VERY VOLATILE WITH FUNDAMENTALS COMING.
USDCAD can bounce again from the Trend Line. Also it can be an exit from the triangle with strong impulse to 1.34326. We can open Buy in Zone with low risk.
I have recently taken a simple structure trade on USDCAD. Went active 5 AM GMT+3 Stop - 1.3295 T1 - 1.325 T2 - 1.322
Potential harmonic bearish bat pattern. Entry - 1.6185 T1 - 1.6075 T2 - 1.60 Stop - 1.6272
In Higher Time Frames (Monthly/Weekly) this pair broke out of an ascending trend then experienced big pushes down from sellers because our Daily Resistance is at a 61.8% Fibonacci Retracement of that breakout impulse. My bias on the US Dollar/Canadian is to continue shorting this position if price action presents itself accordingly, my interest in this pair is the...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
BUY SET UP NZD/CAD. I BELIEVE WE COULD BE LOOKING AT A NICE SWING TRADE: -FIRST OF ALL WE HAVE BEEN BEARISH FOR 5 MONTHS. SO WE NEED TO MAKE A CORRECTION. -SECOND IF WE START ON OUR MONTHLY CHART WE CAN SEE A TREND, AND WHERE PRICE IS SITTING NOW WOULD BE THE THIRD TOUCH WICH IS ALWAYS OUR BIGGER MOVE. - THIRD WE HAVE ALSO A INVERSE HEAD AND SHOULDERS CREATING...
this is the updated analysis on USDCAD. in my last trading idea, I was looking for a bearish violation of a neckline of H&S pattern. now the pattern is invalid, but the market has set the lower high. Again, it is a very good indication of a weakening bullish momentum. Your plan for next week: Wait and sell bearish breakout of a bear flag. T1 - 1.315 T2 -...
We can open short term Buy near the lower border of the Range Channel. But only after the price will make a fake breakout.
though I have already shorted GBPCAD, those who missed the entry can now trade the pair with a confirmation. the confirmation will be bearish close below the rising wedge. Stop will be above the highest point of the wedge. T1 - 1.6075 T2 - 1.60
Please message me for further details, and blessed trading! :)
Hi, 1. The trend is your friend 2. Channels should act as resistance levels 3. AB=CD 4. Fibo Extension 5. Fibo 6. Previously worked support becomes resistance 7! To execute it wait for a bearish price action from the gray area. Do your own research and if this matching with mine then you are ready to go! Best regards, Vaido
The best place to open BUY is near Support/Resistance Zone. Entry signal will be after fake breakout of this Zone.
this is my update to a previous analysis on USDCAD. now we also see a potential head and shoulders formation. Be focused on 1.318 structure support level, if bears break and close below this level, for us, it will signify a minor bull trend violation and potential continuation of a major trend.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (80.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CADJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...