2XT and waiting for the right price action Entry: 1.3280 SL: 1.3384 (-104) TP1: 1.3231 (+49) TP2: 1.3202 (+78) TP3: 1.3174 (+106) Small Lot since the stop is too high
We see the price of crude oil spike last week due to OPEC decided to cut 1.2m crude oil daily production. If the trend continues, we do see the strength of CAD. Caution on the BOC Rate Statement on Wednesday which might influence the movement of this trade significantly. Technically, if the price able to break the support zone, we will call a short for it!
I am waiting to break the symetric triangel and putting a sell there ! the trendline is broke so is heading to a downtrend ! it will be a good 120 pips on this trade but trade with care !
CAD is showing signs of strength, but they are all pumped up by the elections in the US. Its just a matter of time until it will start to go back up. Which colour do you think is more plausible?
100+ Pips SELL Good Luck!!! KEEP THE RADARS UP!!!
USDCAD Possible Sell Setup. It's possible for the price to go even higher and reach 1.34300, so do not open a sell position until the price break the yellow line and please trade with patience and care. have a nice weekend.
Shorting USDCAD 0.48% based on : 1) RSI Divergence in 4hrs 2) Top of the channel 3) 4hr trendline broken and retested
Usdcad Sell Advice as Formed Strong Bearish pin bar on Daily Chart. BOC Gov Poloz Speaks give good comments. Advice sell usdcad in range of 1.3285-1.3370 sl above 1.3450 TP 1.31
ON DAILY CHART IT SHOWS HAT USDCAD IS MAKING A CORRECTIVE STRUCTURE AND IS HEADING DOWN BECAUSE A NEW DOWNTREND HAS STARTED . IT JUST TOUCHED A RESISTANCE ZONE AND IT WEND DOWN AGAIN SO MY IDEA IS TO SELL ON THIS POINT AND TAKE PROFIT @ 1.30800 FOR NEXT WEEK
Sell trade ,, sell from 1.3255 and tp1 1.3000 tp2 1.2850 tp3 1.2600 ,,, this trade is valid for 6 month
Scenario #1 Candle break the weekly resistance, and now becoming new possible support. We will wait for a retest and continuation. Target next monthly resistance. Scenario #2 Candle false break the weekly resistance, and back down. Weekly resistance level still valid. Short position with target at lower trend line. Scenario #3 Possibility entering consolidation...
USDCAD H4 This is a long term forecast of USDCAD. I'm looking for a move up to complete a five waves pattern correcting the big move down from 1.46000. If this unfolds as predicted, we will see a continuation of the down trend. The other unlikely possibility is that we will start an uptrend. Time and price will tell. Either way, we can make money in ups and...
USDCAD should trade lower in the coming days since it felt resistance at around the 1.3140 level. The entry came shortly after a disappointing US ISM Manufacturing PMI data release.
This is a Bearish Leonardo Pattern, I'll take profits on the trendline, maybe the best is to take on 0.618 Fibonacci retracement.