Hello traders,
Aussie-Loonie is fantastic.
Aussie is correlated to China economy and China is major oil buyer which is highly correlated to CAD!
Goes against the trend just for one and last time. :-D
Levels calculated order_block, regarding support and resistances, channel and pivot points.
USD/CAD is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 1.36944 which is an overlap support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 1.36337 which is an overlap support that sits under the 38.2% Fibonacci retracement level.
Take profit is at 1.37842 which is a...
CAD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 108.896 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 109.680 which is a level that sits above an overlap resistance and the 50.0% Fibonacci retracement level.
Take profit is at...
CADJPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 110.177 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 109.700 which is a level that lies under a pullback support and the 61.8% Fibonacci retracement level.
Take profit is between...
CADJPY has fallen towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 110.283 which is a pullback support.
Stop loss is at 109.780 which is a level that sits under a pullback support and the 50.0% Fibonacci retracement level.
Take profit is between 110.663 and 110.886 which is a zone that aligns with the...
The correlation between WTI and Canadian Dollar seems to be breaking down, at least in the short term. Not sure the reasons for this, but posting to hear thoughts. For those unfamiliar with the WTI/CAD correlation, I have added some context.
The Correlation: How Are They Connected?
Commodity-Driven Economy : Canada is known for its abundant natural...
GBPCAD is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.64593 which is an overlap resistance.
Stop loss is at 1.65400 which is a level that sits above the overlap resistance level.
Take profit is at 1.63857 which is a pullback support level.
High Risk Investment Warning
Trading Forex/CFDs...
USDDCAD is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.35236 which is a swing-high resistance that aligns close to the 50.0% Fibonacci retracement level.
Stop loss is at 1.35869 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance.
Take profit...
GBPCAD is attempting to break below a key pullback support and momentum could cause it to drop lower for a potentially bearish breakout.
Sell entry is at 1.65366 which is a pullback support; wait for the current 4-hour candle to close below the Sell entry prior to putting on the trade.
Stop loss is at 1.66206 which is a pullback resistance level.
Take profit is...
USDCAD is trading close to a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.34960 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level.
Stop loss is at 1.35700 which is a level that sits above the 50.0% Fibonacci retracement level and a pullback resistance.
Take profit is...
USDCAD is trading close to an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1.35019
Why we like it:
There is an overlap resistance that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 1.35498
Why we like it:
There is an overlap resistance that aligns beyond the 50.0% Fibonacci...
USDCAD could fall towards an overlap support and potentially bounce off this level to climb higher.
Buy entry is at 1.35019 which is an overlap support.
Stop loss is at 1.34200 which is a level that aligns under the 127.2% Fibonacci extension level.
Take profit is at 1.36126 which is an overlap resistance level.
High Risk Investment Warning
Trading...
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.
Hello traders,
There are two entry and and two TPs for this chart.
Levels calculated order_block, regarding support and resistances, channel and pivot points.
A falling wedge is broken!
More Bearish move is expected.
Quarterly Resistance was worked well so those who want to take less risk as a result win less reward, could wait for a broken horizontal level of 0.8667
USDCAD could rise towards an overlap resistance and potentially reverse off this level to drop lower.
Sell entry is at 1.36126 which is an overlap resistance.
Stop loss is at 1.3710 which is a level that sits above the 61.8% Fibonacci projection level and the recent swing-high resistance.
Take profit is between 1.3507 and 1.34841 which is an overlap level.
...
USDCAD is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 1.36034 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 1.34850 which is a level that aligns under an overlap support level and a recent swing-low.
Take profit is at 1.37331 which is a...
USD/CAD has risen just over 4% since its YTD low set in July. And it did so in a relatively straight line. Yet a double top has now formed on the daily chart beneath the April and May highs, with the second ‘top’ coming in the form of a bearish engulfing / outside day. This likely points to at least a minor top over the near-term. Any low-volatility moves towards...
