Hey traders, we are monitoring a selling opportunity for USDCAD at 1,242 Zone respecting the descending channel in combination with the daily strong supply and demand zone. once we will receive any bearish confirmation the trade will be executed. remember to use good risk management especially in swing trades because the movements are more severe and...
Massive rejection zone at 1.29000 , I am expecting USD/CAD to short into lower levels such as 1.21600 to gain some strength before attempting to break the 1.29000 barrier.
RULE: 1. W1 => - trend bearish - evening doji star 2. D1 => - trend bearish - may in price to go 1.22676 - price fib between 0.61-0.78 3. H4 => - trend bearish - price still bearish after price entry in zone make HL - have breakout
Short OANDA:USDCAD Targets as low as 1.2130 Use proper money management
we are currently in a weekly support zone, divergence and trendline break are showing sellers weakening, a possible buy maybe in order
USD/CAD fib retest and short into Lower levels.
Fibonacci retest and short continuation into 1.21500
Head and shoulders formation, then break structure and fall to lows of previous week.
Fib 78.6% retest completed, now to the -27.00% which correlates perfectly with this weekly level.
im expecting price to break support and continue to sell
the pair completed an X swing near 1.3320 level, i believe this pair might extend lower in the coming sessions to target 1.29/1.28 in the near term to complete the complex corrective cycle. this scenario might push oil higher to perform a 3 waves pullback. good luck
We saw reached weekly resistances last week. H1 chart price shows seriously difficulties to go onward. We expect correction around 1,3233 - 1,3180 levels. The correction is possible on USDCAD chart. Good luck!
USDCAD Setup: Structure Breakout & Retest Entry: Sell @ 1.3225; SL @ 1.3260; TP @ 1.3000