USDCAD now at the potential reversal zone of a Bullish butterfly pattern. Expecting prices to go higher
Time for loonie to rise up - Risk to reward decent
The low so far was about 50 pips away from AB=CD.
UsdCad is bullish. Both alternatives are bullish. Up to 1.5 at least.
USDCAD still uptrend. After its retest level we will look for buy set-up.
Usdcad - Longs - Risk2reward 1:7.. we good to go
USDCAD price fell down from the upper line of the channel since last few days and it's struggling with the bottom line of the channel which is also the least price of USDCAD since April . It's strongly believed that if the price manage to break the support line (which is near 1.337) sharply , then we have right to enter to short position .
USDCAD move in a range for almost a month. highest level of the range already break drop base drop (DBD) supply on its left. Lowest level of the range is bouncing on significant Support and Resistance. Great history to its left. I decided to be in long position for this pair because of: 1. break of DBD on h4 time frame 2. there are bullish engulfing form as...
This one may carry on for a while, on its way up to support, should be an easy 60, MACD and EMA's all lining up to push this one higher...
USDCAD breaks out of a falling wedge! What are you doing selling this pair? There might be some bear traps on the first hours of the opening tomorrow!! DONT GET TRAPPED Best of luck, Felipe
Strong bullish activity. Broke into new trading range. The upper trend line will be tested. Resistance at 1.37535 will also be tested.
this is getting close to a rapid drop coming our way. watch out. see previous chart below follow, like, and comment :) thanks
as per previous, watch out for the sell. be in it to win it :) like, comment and please follow
The overall trend is slightly bullish. The CAD is fairing low compared to it's 52 week range, which may mean a reversal, which may push the price even lower.
USDCAD on the daily time frame shows a nice buy setup. As you can see it has already broken the upper range which is a nice bullish signal. Then we notice that its currently at a resistance. When you see how Stoch and ADX are shaped it looks like theres enough power left to break the resistance and head up further. Stoch is about to make the bullish crossover and...