Hello traders, Here on H4, we can see a bullish divergence on MACD that will provide us a possible up move for the price. We can see also that the divergence end in a double bottom, but the big trend is a down one so we can expect a correction in levels 50 and 61.8 at fibo and look for a sell scenario.
De afgelopen week is de koers verder gedaald en nieuw dieptepunt laten zien. Er zit waarschijnlijk nog wat meer kruit in het vat om de prijs verder naar beneden te drijven. Zie afbeelding voor de toelichting op mijn analyse.
For the current being, i will be strongly sided towards Sell for the Downtrend. However the price is now on bullish and i assume that is retracement period is taking over. Line price of 1.3488 is the last area of resistance that if the price can break this price, i will assume that downtrend is no more valid and sideway will be taking over. I will avoid the trade...
USDCAD break Sideway Keep watch retest... Target 1.3566 & 1.3620
Expecting a move down on USDCAD I'll be looking at around 1.31500 for SHORT take Profit. Be careful as this could definitely test the previous Top of around 1.36191 Please share your thoughts and views on my analysis and don't forget to like it and share with others.
OANDA:USDCAD SELL LIMIT 1.3460-1.3490 TP1-1.3360 TP2-1.3270 SL-1.3540
The USDCAD has been in a strong up trend since March 2018. Will see it move high as price begins coils before it pops as selling pressure drys up.
We are predicting the formation and completion of the Gartely pattern as seen on the 4 hr chart. We are short here and our strategy is to trade the 4th leg of the formation with a stop set at the red zone. FX:USDCAD
Hi everyone. Please refer to the image. Beware of CAD news coming out tonight (SEA time). It might move the pairs then. For now its still not moving much. Maybe waiting for news data. TAYOR and all the best traders! KHALID HAMID
Disclaimer - I could be wrong/Trade at your own risk...
Disclaimer - I could be wrong/Trade at your own risk...
Price has been pushing down while forming LHs and LLs on the smaller time frame, my entry was based on the H4 close which broke 1.34200 and pushed up for liquidity forming another LH on H1 as it retested it's broken support. My goal is to ride the current market momentum to the daily demand zone for a 1:3.
I think its clear long sl:1.3413 tp: it is open but kinda 1.3570 area
Ucad played out as anticipated, i was hoping that it would go lower before getting into buys but the news didn't push it low enough for me to take any positions. We now have a daily confirmation of where it's going to go next so i've set up my buy limit order on the H1 demand zone, hopefully price activates it before continuing back up.