This pair is currently trading at a major resistance zone and we are predicting the harmonic Bat Pattern will be completed. This signed us to sell the pair and our strategy is to trade the 4th leg of the pattern. Price action has already broken below the yellow trend line giving our strategy confirmation. FX:USDCAD
Trend analysis shows that CAD could loose strenght once again this week, trade duration: up to 3 days.
Chart is an expectation of market setup via gartley pattern. If market hits target C then; * SELL at 1.32839 * TP1 at 1.33311 * TP2 at 1.32911 * SL at 1.33800 Note - TP2 at target D in pattern. If market hits target D after selling at C then; * BUY on D at 1.32911 * TP1 at 1.33311 * TP2 at 1.33558 * SL at 10-20 pips below X (1.32839) Note - TP1...
Hi guys. I've explained everything in the video. Enjoy! :-) KHALID HAMID
Hello traders, Purple line area is a strong buying area. s n r.
USD/CAD We have seen price bounce back from the 1.34530 area to 1.32831 where it meets previous support. We also see a daily inside closure and further upside movement on the pair today. Further confirmation of the following can be taken in to consideration also. 1 - Daily Inside bar closure above the previous day - shows us buyers are coming into the...
at first this Idea was only looking out for continuation trend so I decided to make long idea first, but I'll provide short idea too because maybe others have different idea too, so why not 2 bird at one stone? look at plotted Fibonacci Retracement, ploted on uptrend and blue elliotwave point 4 & 5 here price hits sweet spot 61.8% and did boosted up to green...
Good night traders, After the break on the bigger structure, the opportunity for a long position could not be unseen. What we want here is a break in this smaller structure, since we are in a correction. Before entering we would have to have a good impulsive candle. After that impulsive candle, we could open a long position and set our TP at the beginning of the...
watch out for this pair as we could see more drop coming soon See previous analysis PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
Pair: USDCAD Prediction: Sell / Short
Both fundamental and technical analysis confirm an imminent downward move. Beware the short squeeze as the institutional traders try to vacuum up all the 'dumb money'.
Pair: USDCAD Prediction: Buy / Long Target: 1.32000
Just my view for USDCAD sell. My long term view is buy but currently need a correction to the downside. USDCAD Sell.
Good Afternoon Traders, Forex Fargo checking back in! Today our analysis is on USDCAD. The overall trend for this pair seems to be in a slow Bullish incline. With that being said, there seems to be a potential for a VERY good Long Swing Position if entered correctly. My prediction is that from a 4H and Daily TF, you are able to see what looks like an...
Mathematically calculated bullish gartley pattern USDCAD... thus we're expecting this pair to be bullish to the 1.334 area. Its a long term process therefore we'll be longing every opportunity till we reach that red marked area... All the best.