U.S. Dollar / Canadian Dollar

USDCAD

The price have been in a uptrend previously, that is followed up by correctional waves. The correctional waves have been in a strong downwards momentum with low momentum for the consolidation areas followed up by a strong retracement momentum. the price have resistance at 1.28025. while a break can drive the price to 1.28670 which is also 0.707 on fibonacci drawn ...

ucad potential smiley face, market could go long, trade break n close of zone

If there is a price action I will sell in the short term

Not trade advice, just an idea. Excellent sell entry here. Exact entry will be difficult to time perfectly, but anywhere here around the trendline provides a great risk to reward play. Stops just above wave 2. USDCAD is still headed down to complete the corrective structure. Will cover at the bottom of the corrective structure. RSI is oversold on 1h and 4h.

In USDCAD it seems like we are wave 3 of 3. Within wave 3 we are in wave i. Wait for wave i to finish with possibility of it finishing around 1.286 resistance level and prices bouncing of from there creating wave ii of 3 of 3. Plan is to Enter long above wave iv of c of ii. Entry Point: 1.2705 SL: 1.2515 TP1: 1.284 TP2: 1.306 TP3: 1.3375

This chart depicts a bullish divergence using trend lines to demonstrate lower lows with an increasing slope of the RSI to demonstrate that sellers are exhausted. The bulls take over after the lower low to increase the price in an uptrend fashion.

12 Month Chart of USD/CAD

It is good to buy on dips around 1.2682-85- with SL around 1.2630 for the Tp of 1.28008/1.2825

USDCAD Long on news spike

USDCAD ending downmove

USDCAD AB=CD Formed and 4h inside bar break up and retested therefore we can buy USDCAD now SL 1.2580 TP1: 1.2650 TP2: 1.2733 TP3: 1.2858

https://www.tradingview.com/x/F7rehphL/ Aggressive and conservative Forex strategy worked perfectly as well as the levels. Now probably a little bit of correction. Those who came at the bottom can safely move the stop to breakeven!

HI there, Watch for breakdown and continuation for further downside. In case we dont see breakdown and price go back up for one more wave then we will be sell there from new high. For further detail please have a look on the video. Thanks.

Expected to be a valid breakout of the side channel with high momentum..

TYPES FLAT CORRECTION WAVES: There are three predominant types of flat corrective waves. These include: Expanded flat: This is arguably the most common flat wave formation and occurs in the second and fourth wave of an impulse wave. What connects the expanded wave to the initial impulse wave is a zigzag or other types of triple or double connection. In a bullish ...

keep it simple

yesterday we can see a big momumtem candle break the structure:1.26235,and today the price is pullback farther more,1 hour ago we can see an insidebar was up break,that's would be a singnal telling us, the bull power was take over the trend. good luck !

EW count have been paving the way. If the UC downtrend continues, then 1.18 might be in the cards. Will update with any modifications to the EW count