We trade probabilities and possibilities. lets see
My trend lines have been respected nicely lately. Looking forward to a break upward as price is already on an uptrend. lets see
My previous analysis on CADJPY play out as expected. Now at my trend line resistance. If it holds then im short. Otherwise, i'll look for a long entry
My trend line has held as support already
USDCAD - Technicals - Keep in mind WTI. Technicals: In a descending channel support area! Bear Control: Under 1.32512 we have the bears in control could reach the area of 1.32356 any lower the next support areas. Bulls Control: Above 1.32891 and the next resistance areas. It's been a lot choppy in trading intra day wise. Majors heading to high areas again...
Price still in an uptrend till trend line broken
My trend lines have been respected beautifully lately. lets see how this new week goes.
USDCAD has stayed within the box sideways for a quite a while now It is possible that it might breakout below the box low if it does it should provide us with a great opportunity to short sell it target point would be TZ1 that is the Wave 5 termination point
USDCAD sell stop 1.36070 SL 1.36377 TP 1.35457 R= 30.7 pips If price reaches 1.35763, move SL to 1.36010
In upcoming week we will be focus on this pair for Short Opportunities !
Price approaching my trendline. Lets see if it holds as support or breaks and turns it to resistance.
Triangle formation almost at apex. let see
If price respects my trend line as resistance, then i'll short.
EURCAD sell stop 1.53383 SL 1.54073 TP 1.52003 R= 69.0 pips If price reaches 1.52693, move SL to 1.53245