USD/CAD has broken through the ascending trend line. This is still looking like a great short. Im still personally waiting for a retest of the trend line before entering this trade. If we retest and the trend line holds as resistance then I believe 1.32 will be met very quickly, I feel long term we could be seeing this pair come all the way down to 1.28 You...
USD/CAD is breaking through the ascending trend line right now. This is looking like a great short. Im personally going to wait for a retest of the trend line before entering this trade. If we retest and the trend line holds as resistance then I believe 1.32 will be met very quickly, I feel long term we could be seeing this pair come all the way down to 1.28...
RSI overbought 200 MA and trendline hit Major support and resistance Still waiting for it to hit 1.333 and then go long.
Would be nice to have the same confirmation as before for a long term sell on USDCAD. Let's wait and see. I'm already in the trade waiting to add more trades to it.
After the break of the uptrend line we could see a drop to 1.31650 I'm currently waiting for the 4H candle to close. To be updated! Goodluck trading and follow me for more analysis!
We are heading to an important resistance level for USD/CAD. First resistance level is at 1.33100 Second resistance level is at 1.33500 Wait for a break or confirmation of the resistance level. Let me know your oppinion! Goodluck trading!
Respected followers, this is sell trade on Daily Chart. As we know resistance has been rejected and can assume that market will go down from here. Keep money management. Small risk and huge reward we have in this trade. Best of luck.
TARGET: 59 PIPS TP1: 1.31780 TP2: 1.31562 SL: 1.32579
TARGET: 54 PIPS TP1: 1.32765 TP2: 1.32944 SL: 1.31780
quick summary of USDCAD. Charts speak. Be patient, can go either way. Can momentum break below and out of trend, to create a new bearish leg towards LL. Or, will the bulls kick in again to make . a new HH as USDCAD's movement has been a bullish market making plenty of HL & HH's etc. Excited for the next week. Cheers
1. Resistance at 1.32091 2. Selling off the resistance of the rising wedge pattern, this level is pretty close to the major resistance level 3. Essentially a sell signal like a hanging man/bearish engulfing would be an ideal confirmation 4. Targeting the support of the rising wedge is a good first target in my opinion 5. 1.30000 would be my next stop IF price...
USDCAD Formed a 1H BAT pattern and the X point has very strong structure. Therefore Short from 1.31550 Target 1: 1.30485 Target 2: 1.29915 Target 3: Move STOP TO BREAKEVEN and let it run. If you think this analysis can be useful and you want to receive new updates about this idea, click on LIKE button! Thank you for support and trade with care!
USDCAD short opportunity. more to my analysis but ill keep it short. this pair has been consolidating around the zone its in throughout the day. Looking for it to breakthrough within' the next few hours. Patience is key. Cheers