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
The USDCAD has created an interesting situation Time to Trade: At Frankfurt open tomorrow. Time Frame M15 or H1 Direction: Short
USDCAD Multiple Time Frame Analysis and Trade IDEAS Daily or Swing Trading Opportunity: Time Frame D1 or 12Hr Chart The daily chart is showing a completed ABC zigzag pullback. I like to call this the PC pattern We have opportunity both on the D1 chart to take the Next Wave 5 Down within this Wave 3 down Also there is a potential opportunity for he Intra-Day...
Price almost at my Trend line. If it gets respected, then i should go short. If otherwise, north i go. lets see
Here on the Pound Cad we have a gorgeous Bat pattern. Right now we See PA respecting the PRZ by throwing Indecesion Candles. Now, whether the pattern works in our favor is a different story but what we do know is the level is valid as PA raced into the PRZ and is now tangled up. im honestly looking for this Current Candle to close as a Bullish Spinning Top or Doji...
USDCAD 45 minutes chart below shows that the pair has ended 3 wave pullback from June 15 high in wave 2. The pullback unfolded as double three Elliott Wave structure and ended at 1.3482 low. Afterwards, the pair resumed higher in wave 3. Up from 1.3482 low, wave ((i)) ended at 1.3559 high. Wave ((ii)) pullback ended at 1.3525 low. The pair then extended higher in...
Price is currently on my trend line. If my trend line does holds as a support then i should be going long. However, a break below 78.100 should signal me to go short. Lets see
The Loonie may have run out of its bearish steam. It's been falling since March, not able to break the lower zone not twice but after 4 attempts. Now is moving up towards the line of defense of the bears.
So on the CXY we have an incomplete Bat Pattern we see PA enterered the PRZ and was severly rejected without completing the pattern. We need the entire box to be tested before the pattern is complete. So, on the COT what we have are the Consumers and Producers buying and selling to eachother. As open interest has increased but the Non-Coms have reduced both...
From lower TF, price has broken and retested my trendline support now turned resistance. Im short already. lets see
The loonie has formed a wedge during this week and yesterday it managed to break it; today there has been a retest on the trendline. 50 moving average in h4 is supporting the price action and I think that there are good chances for an upside leg whith 1.387 as a target. Ichimoku cloud (the "kumo") is now under the price and is offering support, kijun and tenkan...
USDCAD buy stop 1.35149 SL 1.33580 TP 1.38281 R= 156.9 pips If price reaches 1.36722, move SL to 1.35463
Dollar-Cad has been sliding since March panic - Big former resistance at 1.335 could turn support The end of the drop in USD/CAD could coincide with a pause in the oil price rally - which is inversely correlated
We can see a bounce of the fib 50 and it looks to be forming a strong flag pattern. The flag part of the "flag and pole" pattern looks to also be creating a bullish expanding triangle. Breakout season is among us.
I’m seeing an ascending triangle forming. Another confirmation for bullish continuation? Let me know. Ideas?