COT Data
CHF- Commercials have relieved their long positions giving rise to more producers (shorts) to move around. We had some commercials close their positions, but there were no more entered afterward. The shorts are still providing fuel to the Non-Commercials to drive prices higher and the Non-Commercials are happily taking the supply. There were 1280 new...
EURCAD H4 - Down on that support zone, seen an 11 pip bounce, looking to set new highs on a lower timeframe and retest that 600 support again for entries. Just entered London open, so be aware are market traps.
Here we have a crab pattern. i am only looking to take 20-30 pips off this pattern if i get a wick through the HOP level and above the red line! i waiting on my entry and hope i can make a few today. going to see if i can sell the peak to buy the dip.
A few days ago I saw this setup and its still intact.
Title of Previous Idea was : USDCAD Will it lift off?
that question is still in tact. and so we still ask, will it go to the moon?
The loonie has created a bullish bat, it is on a support area and the price is in a congestion phase ; united states dollar went down yesterday due to optimistic market conditions (Moderna said that Covid vaccine could be ready by the end of the year, France and Germany created a recovery fund of 500 billions of euro (ready by 2021). I think that despite this, the...
Here on the Pound Cad (GBP/ CAD) we have a Bat pattern fomring. the 1618 over extension of the ABCD pattern lines up perfectly with the 886 XA retracement . The 2.0 CD point is just a few pips below the 886. expect PA to rush into the PRZ to complete the pattern as this is the BAMM effect!. Happy trading!
CADJPY sell @76.148
SL @76.434
TP @76.434
A nice setup with big R/R ratio. 38.2% is the first level to enter, but another entry could be executed if the first one misses.
The dollar cad is presenting a really sweet formation for a skyrocket move. IF it breaks above the box. the long has a clear target 1 and 2. Lets watch it.
Dollar Cad. the loonie is a commodity currency closley tied with oil just as the Aussie Dollar is with gold. however, the pair printed a deep gartley. wait for PA to test the major swing level AKA resistance wick to the top of the box and drop. i have a pattern drawn on WTI *i think* with a pattern that needs to be completed and the Texas Tea has been ranging for...
Hello everyone,
I spotted a descending triangle on the daily chart of this pair, which is usually followed by a move down after the breakout.
As you can see, the neckline of this triangle is around 1.385-6.
A breakout of this level might take us to a projected 500 pip move down as per the measurement strategy, to levels near 1.335-1.345 which happen to be the...
![USDCAD: USDCAD D1 Long Setup [Revisit]](https://s3.tradingview.com/v/VCX4wbB2_mid.png "USDCAD D1 Long Setup [Revisit]")
