the end of 5th wave down trend and end of B wave at 1.22025=FIB 0.786 wave A and we going to uptrend to end of wave C of bigger wave.
Recently price shifted from bullish to bearish, however, the order block that broke the high is yet to be tested. If we manage to hold the OB then I will look for buys higher. If the OB is disregarded, we can attempt to sell the market from new areas of demand. Leave a thumbs up and comment what you think below.
According To Fibo Extension + Channel USDCAD VS OIL Price TP And SL
The dollar cad has been trading in a upward channel and we expect it to continue to do so. It is in no man's land in the channel right now and can go either side from here. We're slightly bias to the downside but 1H and 4H price signals can be misleading. Proceed with caution if you want to take trades at these levels. BEAR CASE Price moves down from here to...
Currently in a major key level, expecting bearish rejection as it form a bearish flag pattern.
USDCAD setting up for short term sells and long term buys till daily 62% Fibo retracement for next week. Will see what is setting up after the NFP Data release and how the prices prints on the chart of this pair
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...
People using stop loss on high point people expecting sell from supply but i m expecting after stop loss hit then reversal
after breaking the triangle pattern, it is expected that the pair will move to the targetted area
I am 80% with Short Bias, 20 percent Long if my order block area breaks then only Long. Happy Trading
• Due to the downward trend of USDCAD, - you can enter the selling position at the prices of 1.2445, 1.2490 and 1.2530. - With targets of 1.2325, 1.2290 and 1.2260
We knew it was coming, as predicted in our related ideas below. As soon as it came, we jumped at the opportunity and got involved in swing buys with a tight stop loss. I now expect this move to rise up to 1.26, AT LEAST. Hopefully, you guys managed to catch the same move.
Undoubtedly, since mid-March, CAD has dominated the market, and with USD has strengthened more than 2500 pips, reaching a local low at 1.2 at the end of May. A first leg of correction has followed and a new drop after this. However, this new drop has found bids in 1.23 zone and we have 2 Doji candles on our weekly chart that can signal a higher low is in place. I...
The dollar cad traded is largely range bound this week. The coming week should see a break of trend to either side but our bias is to the downside as structurally on the longer term charts, it looks bearish. BEAR CASE If bears find conviction, we should see a retest of 1.2 before some consolidation and more downside. BULL CASE As we enter the first week of...
Short USDCAD @ 1.23787, nice pullback to my 60% Kill Zone.
USDCAD - H4- Price broke multiple demand zones yesterday and voided my long bias off the daily chart. Now im looking at more downside on this pair before a big bullish rebound.
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
Please refer to my related idea to get a better understanding of the long term vision for this pair. I would love to buy this pair here but I am fearful that retail is buying heavily here leaving this area open to manipulation. I think it would be sensible to wait for a deeper retracement before we buy up into our target area. What do you think of this setup? ...