A falling wedge occurs when the price makes multiple swings to new swing lows, but the price waves are getting smaller. This creates a downtrend where the price waves to the downside are contracting or converging.
Hey Guys! I just took a long entry at 1.3732 with a stop loss at 1.3627 and the main target at 1.3976. In this video I review the reason for the entry as well as how I plan to manage this trade. That's it! I'll keep you guys updated! Have a great day! Ken
I have just picked up a long entry on USD/CAD looking for 1.38622 as my overall target.
We have a reached a support with a formation of a W pattern, I can expect reversal in this pair to the up side. BUY!!
USDCAD intraday trading alert 3 simple steps to find a quality setup! Risk Reward Ratio 1:2 Anyone same idea with me? BUY USDCAD Good luck traders...
I was contemplating to load up the CAD pairs but I changed my mind. The Loonie is clearly positioned for a major (continued) drop on the near term and thus, ALL CAD base pairs are very likely to under perform their USD cousins. Thus, back to the (previous) base case; (continued) Long USD and Short pretty much everything else . (...as far as the eye can see).
Update on Usdcad guys So we would be buying from this zone which was our main target to pick up the buys from well we are looking to see all bullish movements from this area so let’s wait patiently for candle sticks pattern and candle sticks reactions
It’s a beautiful day, let’s take go good look at USDCAD this opportunity is so clear so basically we are looking to Buy on this analysis, clearly on the 1hour Time frame we have a trend line breakout and we are waiting for a retest confirmation or price retracement back to either 1.37789 which is our 1HR S:1 area or 1.37468 which is our 1HR S:2, and we are...
Dear Traders, Hope you all doing great, we have found ourselves in a perfect zone to go long on USDCAD, with minimum of risk to maximum of profit setup. DXY is expected to continue its bullish momentum since it reversed. Let's not miss out the big movement!. Good Luck!!
Dear Traders, our last two setup on USDCAD has been smashing with over 900+ combined we have achieved and now we are focusing on the final target, let's not miss it, although we have CPI it has been taken into consideration before analysing.
We are currently looking for buying opportunities on USDCAD. This is because the pair has become bullish on multiple time frames. We also see a breakout of a daily time frame trendline. When we look left, we can see the pair has been largely bullish but in recent weeks and months we have seen a lot of correction and sideways movements. Could this be the...
W Pattern we broke through trendline liquidity, and retest GG Ez MatrixV
- Ascending channel at previous outside structure on the daily timeframe. Other confluence: - Equal measured move completion at the resistance zone. - 78.6 retracement and 61.8 extension complete at resistance zone - adding strength.
Hey Guys! The usd/cad's weekly bias was confirmed to be long yesterday. In this post I explain the setup as well as how I plan to trade this setup. That's it! I'll keep you guys updated! Ken
The USD/CAD might be a popular pair to trade this week with the Bank of Canada (BoC) releasing its latest interest rate decision at the exact same time that US Federal Reserve Chairman begins the second day of his Semiannual Monetary Policy Report to Congress. These events coincide at 10am Wednesday (EST). The Bank of Canada is expected to maintain its interest...
Dear Traders, hope you are good- we have got good entry last week on this pair and now we have got an opportunity to renter again to catch the last trend. Good Luck and Trade Safe!! Also Check out our previous setup on USDCAD to see how accurate we were!!
Welcome . USDCAD. in a very negative state. With the price reaching a strong resistance at 1.16500. There is a lot of pressure from the sellers to bring the market down. to 1.3500 levels in the first stage. And the level of 1.13400 is good luck. Note: If you liked this analysis, please give your opinion about it. in the comments. I will be glad to...
USDCAD seems more bullish, but I think first it will fall to there support level which will be the good sign to buy ifrejected.