Hello. After breaking the set level, you can enter the sale with 2 targets
WOW looks like we have competed the a wave and the b wave , soon it will drop towards the downside , over 200 pips gains gonna to lead , don;t miss this tradde
The critical level as labelled has been an important support/resistance since 2004, 2005, 2008,2009,2015,2016,2017,2018,2021. A beautiful head and shoulder pattern was set up since the July 2021. A break below the neckline should have a theoretical price target around 1.21600. However, S1 held strong leading to further upside. The significance of the neckline...
Still holding my short bias on USDCAD after been stopped at break even on Friday, we are getting a nice reaction from that 1.27300 retracement area showing that it is holding some sort of significance. At the start of the week I will be watching price and trying to get into the best opportunity I can to hopefully catch the large move to the downside.
The dollar cad broke uptrend structure and now we are expecting some range bound trading until a clear direction is formed. At these levels, I am looking to enter a short position. BEAR CASE In the next week, I am expecting a slight move upwards to retest the bottom channel line and then for price to dump to retest 1.26 BULL CASE Though unlikely, we need to...
Hello traders , USDCAD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe. According to the wave count that has been done, we are in a process of progress. From this process, waves 1, 2 and 3 are completed and wave 4 is being formed. The form of wave 4 is zigzag and from this zigzag, wave a...
Here is my analysis for USDCAD on M15. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Tommorow will be lookin for SHORT position on USDCAD
Not really much happening on USDCAD, we are now just seeing price make a retracement like I expected, then ill be watching for hopefully the next short wave down.
Here is my view for USDCAD on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
I think its wave E of (2 or A ), it seems correction and it moves with DXY
Here is my view for USDCAD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Currently we are expecting a retest the the broken support which is now resistance. We expect price to reject the zone and push back to the support shown on the chart.
Amid a regular trading session, markets await today's Bank of Canada meeting. Expected to keep monetary policy unchanged and interest rates at 0.25%, investors will be watching closely for any hints about future movements in this pivotal conference room drama. After last week saw no extreme economic events bring about changes or announcements that could have...
We consider selling this USDCAD pair because of a strong resistance above. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
The USD/CAD is challenging short-term lows in early trading this morning, having kept up the Forex pair’s bearish move which has developed since yesterday. The USD/CAD has been able to maintain its short-term bearish momentum which began in earnest only yesterday. A high of around 1.28530 was achieved on the 3rd of December, but yesterday's and today’s trading...
Here is my view for USDCAD on H4. The price should go up, you can put a pending order on the Order block or find an entry on LTF. Trade Safe!
Now that price has reached first minor target area I think from this support we may see another push back up to make another failed spike up or a retracement to follow the possible new downtrend. If we see this retracement move I may look at adding further short trades.