USD/CAD is rising towards a breakout level and could potentially break through this level to climb higher. Buy entry is at 1.35223 which is a potential breakout level. Stop loss is at 1.34850 which is a level that sits under a pullback support. Take profit is at 1.35690 which is a pullback resistance that aligns close to the 127.2% Fibonacci extension level. ...
1) I anticipate that USDCAD will experience an increase until it reaches the level that has been plotted before, then it will decline there. 2) This is because if we look at the previous structure, it was in an uptrend. 3) My focus is on selling when the price reaches that plotted level. 4) Additionally, the Awesome Oscillator (AO) is likely to make a...
618 rejection reaching a supply area (Resistance) LL Down trending Sexy trade
DBD = Drop Base Drop Supply Zone LQP = Liquidity Pool Arrows = Inducement Points 2WT = 2 Way Trap
Price is consolidating between our zones. We can even see a fakeout at 1.34600. If price goes up to test 1.35400, it is possible to see bearish racoon.
Selling USDCAD based on Divergence and Elliot Wave rules, and Market Structure being broken
The price perfectly fulfilled my last idea. FX:USDCAD is heading toward resistance after a complex pullback. The market rejected the strong resistance zone on the 4H timeframe, and probably it will reject the resistance and fall because the market is basically ranging around the 1.35000 key level. The price action made two impulse moves, which show the strength...
According to the behavior of the price in the current resistance range, possible scenarios have been identified. It is expected that a trend change will be formed in the resistance range and we will see the beginning of the correction process
Atlas - New Week Review - Feb 25th 2024 . Atlas aka Noble Mike Jamison
We have a great zone where price could go. We have loads of zones where price could come and retest. Next week can bring some great set ups.
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
MyJournal 19 - 23/02/2024 ---------------------------------- WINS/LOSSES COMMENTS ---------------------------------- Summary: .USDX W1 became bearish pinbar .Mon-Wed sell, Thu-Fri FOMC news=USD became stronger, bullish pinbar Position: .USDCAD previous W1 pinbar rejecting, multiple times .Prediction: Mon-Wed buy, Wed-Thu-Fri sell .Reality: TuesWed- touched...
Hello dear friends I have analyzed the Canadian Dollar chart in the long term. Important points returned the price I have specified for use Price will react to these lines. We can in Smaller time frames We get confirmation. We get excellent long-term trades I have made the chart small so that you can see the general view and by zooming in you can get to the...
**Monthly Chart** Last month candle closed inside a bullish candle suggesting a move to test the Monthly manipulation candle (MC). This looks a picture-perfect as the DXY chart. However, USDCAD is still moving within a range. On 12th Feb we had a good selling opportunity for 145 pips which hit our target price at 1.33734. **Weekly Chart** USDCAD paused near the...
📆🚀 Exciting Next Week Planning! 📈💰 Get ready for some thrilling opportunities in the upcoming week! 🌟 Let's dive into the details and explore the potential of USDCAD, a ranging market with a range height of 160 to 200 pips. 📊💹 🔥 Ranging Market Analysis: USDCAD is expected to trade within a range, offering opportunities for both long and short positions. This...
The price was moving in the shown channel, had broken the lower bond of it, and now is retesting it again , what happens next, i believe the trend will continue its downward movement ,to the yellow line in the following week.
We waiting for price to give us more confluence for the downside @ the current price zones on the daily. We gonna be looking for a double to get in si we can get a tight stop loss to maximise our trade probability. We gonna be lokking for sales on this one