Crossing of 8 and 50 moving averages in daily chart. Possibility of going up to resistance 1.2820
Been a bit of a slow start to the week but we are now starting to shape some possible new moves, one of them been a possible continuation on USDCAD. Ill be waiting for more rejection out of 1.24000 area before taking longs. As always risk manage and keep to that trading plan!!
Usdcad - Daily - price pulled down to a monthly demand zone and now looks set to reverse back to the upside and give us a 300-400 pips rally. Lets ride it
Just another quick explanation of what ill be looking at over the next day off the back of this usd strength.
As we can see, the price has lost its long-term downward trend in daily timeframes and is rising. It is now in a small uptrend channel and we assume that the price will maintain its support level and move towards the specified target. What do you think about it ?
On the H4 chart USDCAD successfully breakout its trend line and hoping to hold above the trend line to reach its goal.
It breaks the last daily low and also it started an uptrend from the 4H demand zone The TP is a again so conservative that only cover 48 pips, I can extend it to the weekly high, but I prefer not to do it. R/R = 1:1
Usdcad - H4 - After a prolonged downtrend on this pair we are now seeing some consistent bullish continuations on H4 timeframes on usdcad so we can jump in with this bullish trend at the next pullback.
Disregard the previous ("EURJPY - LONG; Buy it up for 400 pips!") post!! - It was mean to be this one - USDCAD Long. The Weekly;
This one is the worst of the worst. The RBC couldn't steal, print or borrow one more dime - not even a Canadian one - even if their lives depended on it. (Which it just might) Whom are they kidding?! Ride it up like a rented mule! Chances are .... .... this isn't coming back much, if at all.
USDCAD BULLISH GARTLEY PATTERN Market Buy Order Set Up. Buy Entry: (1.27120) Take-Profit 1: (1.27545) Take-Profit 2: (1.27854) Stop-Loss: (1.26668) Max Risk-Reward: (1.62) Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
Follow the chart and don't forget to follow me for excellent trades.
USDCAD has reach major key inflection point on the daily timeframe. What interseting is it approach this major key area with Descending corrective stucture which usually give signal for a move to the upside. The price has now rejected impulsively from the bottom of this descending structure. In addition it is now alreaddy forming a bullish continuation structure...
I believe this pair is in an up trend with the dollar 💵 index DXY. USDCAD pulled back last night, so I’m going to try and join this continuation.
USDCAD has clearly made inverse heads and shoulders pattern and we expect price to push to the marked zone . Another possible re- entry will be when price breaks above the marked resistance which will now become our support .Trade will only become invalid if usdcad comes back to our right shoulder .
Usdcad - h4 - I see price rebounding upto 1.37 on this pair