hello guys...
I published before about the head and shoulders pattern and the rising pattern, you can check it that the target touched!
You can see the usdcad made a Quasimodo pattern and it is possible to start an upward movement to the blue area!
but the question is from where?! there are two scenarios:
1- starting from the QML (S1)
2- starting from the...
After a short correction USD/CAD FX:USDCAD has made a sharp break out and pulled back on the discount zone. it's likely the price telling us that USD/CAD is going to reach higher prices.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published...
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.36900 zone, USDCAD was trading i na downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.36900 support and resistance zone.
Trade safe, Joe.
Price has just bounced off the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could potentially rise to our take profit.
Entry: 1.37178
Why we like it:
There is a pullback support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.36728
Why we like it:
There is a pullback support level which...
USDCAD - 24h expiry
Price action looks to be forming a bottom.
Short term RSI has turned positive.
We expect a reversal in this move.
A move through 1.3700 will confirm the bullish momentum.
The measured move target is 1.3750.
Our profit targets will be 1.3750 and 1.3775
Resistance: 1.3700 / 1.3725 / 1.3750
Support: 1.3675 / 1.3650 / 1.3625
Risk...
The price is rising towards a resistance level, which is a pullback resistance that aligns with the 23.6% Fibonacci retracement, and could reverse from this level to our take profit.
Entry: 1.36721
Why we like it:
There is a pullback resistance level which aligns with the 23.6% Fibonacci retracement.
Stop loss: 1.37266
Why we like it:
There is an overlap...
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.36000 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.36000 support and resistance area.
Trade safe, Joe.
USD/CAD H1 Chart - Potential Short Entry Based on Head and Shoulders Pattern
The USD/CAD H1 chart might be presenting a shorting opportunity based on a possible Head and Shoulders pattern.
Pattern: Head and Shoulders (Bearish Reversal)
Description:
This pattern consists of three peaks: a left shoulder, a higher middle peak (head), and a right shoulder that...
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.37000 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.37000 support and resistance area.
Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.37600 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.37600 support and resistance area.
Trade safe, Joe.
The USDCAD pair hit our 1.36200 Target (February 09, see chart below) and even broke above the Symmetrical Resistance Zone:
The price now sits at the top of the 2024 Channel Up, a similar pattern with the July 14 - November 01 2023 Channel Up. In fact the pair is approaching that November 01 High (Resistance 1) and being at the same time on an overbought 1D...
The USDCAD pair is crossing over the 0.786 Fibonacci level of the long term range since October 2022.
The last two times it did that break out, it turned into the most efficient sell opportunity. Last time to do so was on November 1st 2023.
With the 1day RSI also deep into the overbought region, we turn bearish.
Sell and target 1.3300 (0.236 Fib, it has been...
USD/CAD is falling towards a support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit
Entry: 1.37268
Why we like it:
There is a pullback support level which aligns with the 50% Fibonacci retracement
Stop loss: 1.36618
Why we like it:
There is a pullback support level which aligns...
The price is falling toward a support level, which is a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.36138
Why we like it:
There is a pullback support level
Stop loss: 1.35554
Why we like it:
There is a pullback support level
Take profit: 1.37245
Why we like it:
There is a...
Everything was pretty much said in the video.
Basically price reached a higher timeframe Premium Array on the 3D chart, so now I have the expectation of lower prices based on the lower timeframe Premium Arrays, specifically a 2h Sibi.
Today is CPI, so anything can happen. Price can always go above and beyond what is ordinary in such events.
- R2F
After price broke structure with momentum, it was an indication it was still maintaining its overall bullish trend. It preceded to retrace and form internal range liquidity above our establish golden zone that it could use to fuel its move to take out the latest weak high and continue with the bullish trend.
