USDCAD bounced off its support at 1.32360 where it could potentially rise further to its 1.33083.
USDCAD is approaching its resistance at 1.33636 where it is could reverse down to its support at 1.33119.
USDCAD break Sideway Keep watch retest... Target 1.3566 & 1.3620
We are predicting the formation and completion of the Gartely pattern as seen on the 4 hr chart. We are short here and our strategy is to trade the 4th leg of the formation with a stop set at the red zone. FX:USDCAD
USDCAD Make AB=CD pattern ... Our Target 1.3980
Price has been pushing down while forming LHs and LLs on the smaller time frame, my entry was based on the H4 close which broke 1.34200 and pushed up for liquidity forming another LH on H1 as it retested it's broken support. My goal is to ride the current market momentum to the daily demand zone for a 1:3.
Last week, GU broke a major demand zone and we are going to see this zone get a retest. I've analyzed this move with extra confluences. My entry level lines up with: The weekly zone, 50% fib, trend line touches,14 EMA on the daily and M30 retest on the lower time frame. Nothing is ever written in stone while trading, if i'm stopped out, I've marked the next best...
Hi guys. I've explained everything in the video. Enjoy! :-) KHALID HAMID
USDCAD broke out the multi sessions uptrend line, current price actions seems like to be retesting the broken trend line where I am expecting fresh falls to be coming in, or an alternate scenario could be to trade with a sell stop order once it breaks the area i marked on the chart. Trade Safe! Good luck.
USDCAD Structure Break.... Keep watch Target 1.29750 & 1.28850
USD/CAD is breaking through the ascending trend line right now. This is looking like a great short. Im personally going to wait for a retest of the trend line before entering this trade. If we retest and the trend line holds as resistance then I believe 1.32 will be met very quickly, I feel long term we could be seeing this pair come all the way down to 1.28...
Would be nice to have the same confirmation as before for a long term sell on USDCAD. Let's wait and see. I'm already in the trade waiting to add more trades to it.
USDCAD is approaching a great area of demand to the downside around the 1.37000 price level. I will be watching this closely for a strong daily bearish close before waiting for a candle signal to confirm my entry.
As we can see USDCAD is still uptrending. We still haven't seen a good breakout of the trendlines, yet. To be updated.
USDCAD is almost at the Resistance level of 1.34300-1.34400. If the Resistance level won't be broken we can expect a drop to the first Support level of 1.33500. If the Resistance level can not hold we could see a raise to our first target of 1.35350. Goodluck trading and follow me for more analysis!
After the break of the uptrend line we could see a drop to 1.31650 I'm currently waiting for the 4H candle to close. To be updated! Goodluck trading and follow me for more analysis!