If usdcad weekly candle closes below bollinger bands, i am looking at price to continue down around the 1.275-1.283 range. My "alligator" indicator is showing a full open mouth, with potential of more downside. If you look back on the chart, the last few times the candles close outside of the bollinger bands the market usually continues for a minimum of another...
sell it, get an umbrella and stand in the hurricane and sell it. if you can get it from the 969 area, more power to you!
Just take a loot at the volume ! It as to go at least to 38 % retracement. I highlighted some of the previous highest volume and the move after. I'M expecting tp2 to be hit :) Feel free to comment your ideas guys I'll truly appreciate it :) have a nice week and enjoy the pips
The bulls got a way from the bears back around 1.335 ish area. Seems like it's running out of steam a little near 1.34 so it looks like a good place for short. I doubt it'll keep going up to complete the butterfly pattern. << Advice only. Trade at your own risk >>
Personal analysis on USDCAD based on the daily and weekly timeframes. looking for a daily candle to close on its way down below the 0.50% retracement level on weekly and around 0.38% retracement levels on the daily. We could see a reversal being done around these areas.
if you look on the daily, price is near the up trend line. i will be looking for a buy signal
UC will be long till Jan. 1-4 lets see what pippage we can collect in the meantime. Let the pip collecting begin ladies and gents. Remember pippin aint eady but somebody gotta do it Happy Pippin
keeping an eye on this cypher pattern to complete
From my analysis I can see that the UCAD has been in a bearish trend since last week. There was a long wick thrown on the 4 hour time frame from last week. I expect UCAD to rise for about 4 candles before retracing and continuing the bearish trend. I would wait for the next 2 candles on the hour chart and then buy in around the 1.31436 area and close out around...
Testing some ideas for Day Trading on UC, it mix a few strategies and ideas. I used angle lines to determine the possible speed of the push back of UC thru the Uptrend line that has been respected and showing in a Uptrend channel that has been respecting in the last week
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I am relatively new to Trading View and I want to share my ideas as much as possible. Why? Because I might be wrong, and because I want to meet new people who have alternative perspectives. UCAD Short is what I am currently analysing. Elliott Wave theory says that 5 waves up are followed by 3 waves down and I want to share this. I believe price is in the Wave B...