The Loonie *USDCAD exploded higher again last week. Very strong Uptrend. Currently Approaching the Weekly Resistance around price 1.35800. Will the Bull continue taking control? We shall watch the Price Action react on the Weekly Resistance in order to take any entry.
Hi guys, on USDCAD price has reached a key resistance area, therefore i were looking for a potential selling opportunity at this level. In the 4hr chart you can see we have huge divergence, along with a psychological number that could also provide some resistance. But most importantly, price has formed a reversal pattern being the sequence of those 3 candles at...
Hi guys, on USDCAD price has reached a key resistance area, therefore i were looking for a potential selling opportunity at this level. In the 4hr chart you can see we have huge divergence, along with a psychological number that could also provide some resistance. But most importantly, price has formed a reversal pattern being the sequence of those 3 candles at...
Theres a nice opportunity on selling UsdCad the upcoming week(s). The daily time frame shows there a bit more space left to the upside before it touches the restistance at 1.3575. You can sell it at CMP with a stop at 1.3620. Maybe add another sell position if it does touch the resistance. 1.33 would be the first target follower by 1.3180. Ultimately long term...
We sell this pair at 1.50000 and book profit at 1.34100
Downside is still attractive on this daily chart.
Hi guys, this is an advanced pattern formation called Bat, its completion point comes around 1,3430s. Stops above X, targets at the 382 and 618 retracement of AD leg. If you have questions or if you want to share your view, feel free to comment below. Otherwise, see you in the next chart!
Hi guys, this is an advanced pattern formation called Bat, its completion point comes around 1,3430s. Stops above X, targets at the 382 and 618 retracement of AD leg. If you have questions or if you want to share your view, feel free to comment below. Otherwise, see you in the next chart!
A sweet and quick sell entry ! Put pending sell stop after the breakout. Keep it simple :)
So far price from last week has seen a bearish price break to the lows of 1.33400 from around that area price has come back up off some support. The forecast for this week is price to come up to that daily resistance of 1.34364 and and we want to typically see a break of the trend line (4HR) to the downside. Just will be patient to see how it develops.
Trade active, short UC, hold for about 90 pips. Easy in and out.
Seems that fib. 0.382 is holding for now so prices moves up againg. Also uptrend is still active as you can see in the resistance line. So if price enters purple resistance zone watch it. If it leaves the zone on top, consider a buy. Buying now is also possible but more risky.
Hi guys, today i want to share with you a simple setup we have on USDCAD. The overall trend is bearish, and price is now testing the 382 retracement of the bigger impulsive leg. After the first failed attempt it has came up at the same level creating a nice double top. If the current candle will close red, then i will be shorting this pair, with first target at...
Hi guys, lately you've been seeing me posting lots of flags but that's due to the big impulses we've had after the Fed release on Wednesday. So when we have such kind of markets (heavily trending) i like to seek for simple patterns in order to catch the trend. As you can see above, on USDCAD looking left we have no structure stopping from price going lower, and...
Hello Guys. My first TV analysis after a short break from previous busy days. Today or next week I would see a potential retracement for USDCAD. I figured out that my projection of Fibo 423.6 is exactly pointed at Strong Key Level. I would see potential Sell position at that area. If you take the order make sure take account your R/R and MM. Good Luck and...
That's what I'm seeing on my daily chart. Comments are always welcome.
I hold a point:Good charts does not more words to explain! Good luck!