Price is going back down the discount PD arrays. I will be selling above the Asia range where there is a confluence of multiple HTF PD arrays - H4 Breaker, FVG, and Order block which took out liquidity, so in my opinion price doesn't have to be much higher when the order flow is bearish. Or if I get a strong close below Asia I will be joining the trend...
Looking for the 8H H&S to complete with price dropping at least to the daily 50% FIB level. This is also the 8H high from 4/5/24. This area is: -the Monthly bullish .382 FIB level -the Previous month high -the Weekly level of 4/7/24 -the 8H 4/5/24 High Price will either: -break and retest at this area to continue bearish -price can reverse in this area to...
In Friday's London session, the USD/CAD pair is making strides towards the 1.3750 mark, but faces a formidable barrier at a strong area of resistance. This resistance zone coincides with the 78.6% - 88.6% Fibonacci area, further compounded by the RSI indicating overbought conditions in the D1 timeframe. Such confluence signals a potential reversal point,...
USDCAD has went up and touched a weekly resistance that has been tested multiple times. USDCAD has given us a Head & Shoulder by the resistance zone with a breakout retest. Possible sells to come to about 200pips fall for the following week. With the patterns inside our trend we are likely to continue the sells after the breakout of our trend.
this is my forecast for the upcoming week As the DXY has a very major uptrend i believe the dollar will continue to strive
It seems that the symbole is going to change the movement of the trend and it goes up
Price on this pair is currently displaying an Indecisive price pattern, with a clear head And shoulder's pattern indicating a Bearish market momentum, a breakout Of the neckline will be regarded as Additional confirmation
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
The Canadians are taking over the Americans. Our chart is showing us a clear head and shoulders pattern after our initial price projection. We forecast a down trend continuation.
In this timeframe, USDCAD has reached a significant supply zone. We can expect a reaction, making sell setups viable here. Over the past 100 days, there has been a strong bullish trend, with even minor correction waves showing bullish characteristics. This adds risk to the current scenario. Feel free to share your opinions about this pair in the comments.
USDCAD - Trend Reversal - Forecasting Price 1.36080. Indication of trend reversal and start of bearish trend forming Head and Shoulder pattern with bearish divergence.
The current USD/CAD exchange rate has entered a selling zone This suggests a favorable opportunity to sell the USD against the CAD. Traders may consider setting their take profit levels at imblance, indicating the points at which they aim to exit the trade with profits. Additionally, This strategy aims to capitalize on anticipated downward movements in the...
Finally entering longs after monitoring the pair throughout the week. All the levels are displayed on the chart. Profitable trades, everyone!
We are looking to continue with the bull run as we are still inside a bullish trend and we are currently in a correction resulting in a an impulse moves to upside
USDCAD has been forming consolidation after the reversal for quite a long time. The area of 1.31500 is the bottom in the current market and an area of liquidity that continues to feed the bullish trend. It is worth paying attention to the price compression towards 1.3600. There is a high probability of a breakout formation with the subsequent realization and...
Upside Breakout: If the price breaks above the upper red trend line with confirmation, it suggests a bullish breakout. Downside Breakout: If the price breaks below the lower green trend line with confirmation, it suggests a bearish breakout. Entry: Upside Breakout: Consider a long position with confirmation above the upper red trend line. Look for a move toward...
USDCAD showing bullish div on chart,so we can take buy entry as per marked on chart.
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.37000 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.37000 support and resistance area. Trade safe, Joe.