CAD/HKD

Waiting for short setup, eighter it will be a big correction to the upside or the start of the downmove the idea now is to sell,

CAD/HKD is trading in two patterns simultaneously, i.e., a falling wedge and a channel down. The given combination demonstrates that the Canadian Dollar has failed to reach the lower channel boundary since August 9, suggesting that the current bearish sentiment might change in the nearest time, especially with strengthening trend indicators. The last wave south ...

CAD/HKD 4H Chart: Channel Up The Canadian Dollar is trading against its Asian counterpart simultaneously in a medium-term rising wedge and short-term ascending channel. As regards the dominant formation, its lower support line practically coincides with the 55-hour SMA, while the other line represents an upper boundary of the junior pattern. As regards the ...

No entry until break and retest of trend line, just an idea for several CAD pairs..

Short to 5.8311

Checked the 4 hour chart and I see potential uptrend. Retested two points of support, first one shows 0.618 and the second one shows both 0.618/0.50 which can conclude that it will in the future retrace to those levels due to confirmation from previous support levels shown in this analysis. Looking to take profit at the 1.618 on the fib extension.

Potential XABCD pattern has been confirmed....price has broken out of trendline and should finalise the D pattern.

Opportunity to go short. Enter: 5.8400 SL: 5.8600 TP: 5.7200

Looks like the bat formed waiting for last bounce

CADHKD Inverse H&S in breaking with a Pitchfork channel break away. Target 6.500