Trade details for current trade are shown on the chart. Using POW reversal strategy for this trade. We are working the 30M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Previous trade can be seen on chart. Trade history can be seen at the foot of this...
USD/CAD ANALYSIS 7/5 Check out last analysis regarding this pair below (I update my pairs frequently, NOT on tradingview) Price found it's way back to support which was the area where we kept seeing price reject May see price take out last low and potentially push lower before bulls can step in DXY is expecting some weakness as a pullback TO STAY UPDATED...
Wait and focus on the USD/CAD current situation and take advantage of both positions for the long and mostly sure position for short.
USD has tanked almost 9% against the CAD, naturally after experiencing a move like that you would expect some pullback and profit-taking. This has been the case and along the way price has created an ascending triangle formation - this pattern indicates when the structure is broke, by creating a higher high - further upside will follow. We are hoping that there is...
Traders & Investors! Our bullish bet on USDCAD has commenced well with risk off sentiment combined with a dovish BoC driving the market higher. We remain moderately positioned on the buyside and continue to monitor technical indicators for conviction higher into our buyside targets. Ideally we would like to see some solid conviction through the 200 Daily Moving...
My prediction for USD/CAD, a small correction will occur
Respected followers, this is sell trade on Daily Chart. As we know resistance has been rejected and can assume that market will go down from here. Keep money management. Small risk and huge reward we have in this trade. Best of luck.
USDCAD is building bullish momentum on major support, we expect a corrective bullish run to begin on the H4. - MACD upwards momentum - Bounce off support - Has met previous down range Targets: 1) 1.2970 - 38.2% Fibs 2) 1.2995 - 50% Fibs 3) 1.302 - 61.8% Fibs SL: 1.2899 - Just below support
At the third bounce am expecting a downtrend on this pair