This is a Bearish Leonardo Pattern, I'll take profits on the trendline, maybe the best is to take on 0.618 Fibonacci retracement.
USDCAD Long down! Dont miss that too. Daily uptrend broken and second retest failed!
USDCAD Breakouts to watch Hight opportunity for buy positions, lowest for sell!
Hello traders, I hope you are all enjoying your weekend off! If it breaks the bullish wedge I will look for buys , for now I am more incline to bearish camp so still looking for sells. Remember to use good MM. Trade carefully. Thank you for your support. www.tradingsignalreviews.com
SUMMARY: The USDCAD pair bounced slightly during the course of the day on Wednesday, using the 1.3037 level as support. At this point in time, the market is looking bearish. The primary trend of USDCAD is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 50 day SMA that are...
SUMMARY: The USDCAD pair bounced slightly during the course of the day on Monday, using the 1.3050 level as support. At this point in time, the market is looking bullish. The primary trend of USDCAD is bullish on charts and price is trading below its Resistance trend line in its 4 hourly chart. In its daily chart the price is sustaining above 200 day SMA that...
SUMMARY: The USDCAD pair bounced slightly during the course of the day on Friday, using the 1.3027 level as support. At this point in time, the market is looking bullish. The primary trend of USDCAD is bullish on charts and price is trading below its Resistance trend line in its 1 hourly chart. In its daily chart the price is sustaining above 100 day SMA that are...
We saw retracement to the 0.786 level furthermore RSI overbought .
SUMMARY: The USDCAD pair bounced slightly during the course of the day on Monday, using the 1.2830 level as support. At this point in time, the market is looking bullish. The primary trend of USDCAD is bearish on charts and price is trading below its Resistance trend line in its 1 hourly chart. In its daily chart the price is sustaining above 50 day SMA that are...
Shorting after a breakout and pull-back of the broken trend line. TP is green line.
we have had our double top and impulse leg down breaking structure. Waiting for the outside return to the 618 level before seeing a drop to the downside order in place for entry 1.30400
Fundamentals: - A very similar situation to the Aussie in the fact that the Canadian economy is actually performing quite well and with the recovering Oil price further downside could be expected. The USD has again become a safe haven currency in this situation but with a rate hike now doubtful from the FED we should see a return to the downside on this currency...
Price action patterns often don't create perfect double tops or double bottoms. Usually the spike of second High reach to top of body of previous high. In this case Previous high is in first yellow circle from 5th April 2016. Right now the spike on H4 reached the top of body of the candle from previous high. It also is around big round number (1.32000) and on...
USDCAD targets 1.285. Good Luck!
A chart speaks a thousand words! Entry was spot on...! :) www.tradingsignalreviews.com
SUMMARY: The secondary trend of USD/CAD is bearish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.3800. If it breaks this level on the downside and sustains...
RECOMMENDATION: SELL SUMMARY: The secondary trend of USD/CAD is bearish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining above 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.4100 and support at the level of...