Confluences: + Pivot Point + Fibonacci Retracement 0.6 + MACD Divergence + Flip Zone - Take Profit: + next Support / Resistance + Or Price Action ( My Favorite way )
With over 380pips in our direction since my last publication on this pair (see link below for reference purposes); It appears we still have a few more pips to mop as the appearance of a Bearish Rectangle pattern dictates the prevailing direction of price... The risk of further decline gains momentum! The USD/CAD pair gained some positive traction during the...
USDCAD Will Bullish Because 1. Strong Bullish Divergence in D1 frame 2. Price Over sold with Fivo support 1.618 & there there is Bullish Butterfly pattern
AS we can see this pair has reached at strong support so buying on dips with a small risk and looking for higher rewards friends push likes if u like my idea i love and appropriate ur likes follow us for more updates
USDCAD - Probability of the formation of Expanding Diagonal Pattern Wave 3 has ended in the range of 1.4689 and the movement structure up to the range of 1.4667 has been in the form of 3 waves, which indicates the corrective movement. Given that the X wave has ended in the range of 1.4667, it is possible that we will encounter the FLAT pattern in the 4th wave. In...
USDCAD We still believe in the Expanded Flat pattern. This analysis is violated if the price exceeds the range of 1.2928.
Before I start with the analysis, I want to thank everyone who liked my previous posts! :) I appreciate you guys. I am calling a BUY signal for USDCAD as it is sitting on a strong support that was tested multiple times, I suggest taking a small position until a reversal is evident. A break from the 100MA and a breakout from the previous high will more or less...
We look at the fundamentals behind a strong Canadian Dollar driven by higher Oil prices. I show you the relationship between Oil and the Canadian dollar as Oil is Canada's key export, making up 20% of all it's exports. We look at some Technical Analysis entry strategies, using one-month ATR Volatility for stop-loss area's!!
Target: 1.3300
The structure of the downtrend which has been started from the range of 1.3420, has finished in the range of 1.2928 which is in the form of 3 waves. Given this trend, we will probably have a 5-wave uptrend in C-wave, which could be extended up to the target of 1.3523. If the price crosses the range of 1.2928, this analysis will be violated. In case the price...
Hi traders community! Welcome to my new free signal! USD/CAD Day Swingtrade Market-Sell: 1,3060 Stop-Loss: 1,31000 Target 1: 1,30300 Target 2: 1,29800 Stop-Loss: 40 pips Risk: 0,5-1% Risk-Reward: 2,0 Pivot (invalidation): 1.3100 Our preference Short positions below 1,3100 with targets at 1,3030 & 1,2980 in extension. Alternative scenario Above 1.3100 look...
I was able to count a simple ABC corrective structure that just concluded. This signifies a high probability of buy on USDCAD. Invalidation and the confirmation level is as shown on the chart