USDCAD is creating a very interesting pattern, I was confused at first by what was being created. Patience and time the pattern began to unravel.
In the event the USD/CAD closes negative, it will mark the third straight red candlestick on the daily chart. July has extended the negative sentiment of late June, with price seemingly on a collision course with the 1.3000 handle. If we see a continued fall, then a buy from just above the macro 62% Fibonacci retracement is good trade location to the bull. Here...
I am going long here but you can see that the bear scenario is still possible. Higher probability for the bull scenario, I am also following the higher TF trend. I can be wrong so spare me your negatives comments, thank you. Not a financial blah blah blah... Trade Safe!!
Wait for 1.26210 price level to buy in then sell @ Profit Targets: 1.27380 1.28120 1.28640 Stop loss: 1.2590 Have a nice day Berk
It seems USD/CAD is on bullish channel. It's already reached it's support price @ 1.30700, Now there is a good opportunity to sell until price @ 1.24000
COULD IT BE ????? A 1000 PIP TRADE IN THE BAG ?? ALL THE SIGNS APPEAR TO BE THERE FOR USDCAD TO SHOOT UP.. DAILY TRENDLINE BREAK W WEEKLY DOJIS AT THE DOUBLE BOTTOM I FEEL WE HAVE A GREAT TRADE COMING HOPEFULLY THE BEARS DONT COME OUT OF NOWHERE AND FEAST ON US ALL
OANDA:USDJPY Time Frame : D Pattern : Symmetric triangle. Price is on the support, RR for the trade is 1:6 I would recommend to invest 2-5% for 1-3 months trade. Target : 118 121 125 Stop loss : 111
H&S formation Enter on a break of 1.2970 Target 1.3700 Stop @ 1.2670
USDCAD moves towards 1.28170. Chart Time Frame: H1 TRADE: LONG ENTRY: 1.28170 – 1.28100 STOP: 1.27900 TP1: 1.28450 TP2: 1.28580 Trade setup is valid for 5 H1 candlesticks. H1 Closings below 1.28100 would invalidate the setup
USDCAD |H4| BULLISH BAT BAMM Opportunity present on here too. (Only take with good price action though.) I'll update this if BAMM is a go! Take BAT on completion. RECOMMENDED RISK: 2% BALANCE
Hi, Price is trading well between the symmetrical triangle. The breakout can be anyside. Trade the breakout with your sl.
Looking for price to test that orange zone between the 50 and 61.8 fib levels. At the moment, price is sitting on the 50 level but reversal is expected to fall within that zone before I go long on this pair. That's the technical analysis and as far as fundamentals are concerned, USD looks to be gaining some strength at the moment. So lets see how it plays...
1. s/r 5 2. 11 3.8 strong s/r and trend line wait to see if its gonna break or not. Rules: Wait for confirmation. Go with trend and momentum Don't try to get in too early. Don't risk what you can't afford to lose!
This looks like it wants to go up. trade plan Go long @ 1.2606 Stop 30 pips below previous lows Target 1.2710