Assalamualaikum and cheers ! I'm expecting a 3-5-5 structure is going to happen for Loonie. Looks like current 5 structure is already completed, next 5 structure will take action. Should support level 1.289 hold and as long as market stays above 1.281, I biased bullish will continue its run with optimum target @ 1.37357 Hope its helps ! Thanks for reading !
Cheers folks ! it looks like Loonie got something deliciousssssss. Clear correction is finished for wave iv for me because of A=B theory. Now lets long for its clear rally pattern ! Target at 1.34429 ! Hope its helps ! any idea or comments please comments below guys ! :D
In the event the USD/CAD closes negative, it will mark the third straight red candlestick on the daily chart. July has extended the negative sentiment of late June, with price seemingly on a collision course with the 1.3000 handle. If we see a continued fall, then a buy from just above the macro 62% Fibonacci retracement is good trade location to the bull. Here...
Here is the landing zone in my opinion - looking for a bounce from the bottom of the green polygon to open a long at the top, stop loss would be the height of the polygon at the given time it plays out. After all April is a good month for GBP every year, so time to see it play out next week. Please note this not a trade recommendation - purely my personal...
The CAD has been rallying in the bast couple of weeks last week it finally broke the 1.3 level and stayed above it for to close off the week at 1.309 today started off with what looks like profit taking, but the market did not push the currency further down beyond the 1.3 mark, an indication that the market believes the loonie still has some steam on it the upward...
We've had that all important rejection of the 1.25 level. I was being a pussy so i missed out on a few pips since the rejection. I missed my opportunity on it but I'll still be trading the 4HR breakout swings. We may see some ranging on this pair. The steeper it gets, the weaker. SO, before we see a long opportunity, UC will range for a few days and consolidate...
USDCAD is overstretched to the upside. On the 4H chart, it is outside 800 period Bollinger Bands. Furthermore, there is divergence towards the 1.34 level, suggesting momentum of the upward move is slowing. I expect a pullback on this pair, especially as oil appreciates back to the $50 level, to 1.32. Below 1.32, strong support should be expected at...
Opening : 1.3000 stoploss 1.2964 takeprofit : 1.3381 R/r ratio = 1:10.4