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...
were bullish on the weekly and daily. we just tapped daily demand. here Im waiting for an entry set and forget at the 4h extreme demand nested in the daily.
Welcome to the thrilling world of timeframes—a place where every minute counts and every candlestick tells a story. You've probably asked yourself a million times, "What's the best timeframe to trade?" Well, buckle up because we're about to dive deep into the mesmerizing world of timeframes and trading strategies!
Picture this: timeframes are like puzzle pieces....
USDCAD 4H TF. There is a potential triple top pattern because of strong resistance area it means Short if it break the swing low. But if the price go up and break the resistance area you can find best entry setup with lower TF such as 1H 15M 5M. But be careful because on 13 February 2024 there is a Inflation Rate News which is high impact for USD.
USD/CAD’s narrow range-trading pattern could be here to stay, while we expect the pair to lean towards challenging its lower bound this year. Stretched CAD shorts have been unwound, while money markets’ pricing comes a bit at odds with past easing experiences when the BoC moved later than the Fed and in a less aggressive way.
The CAD is trading flat on the session
and short-term trend signals are weak, supporting the outlook for more range trading in
the near term. But the weekly chart—at the moment—reflects another firm rejection of
the 1.3540/50 peaks seen in January and a weak close for funds on the day should see
spot prices have a run at last week’s low around 1.3360 in the week...
A week after the US, Statistics Canada is due to release its January labour report
today. While the bar has been put quite high to come just close to last month’s
stellar jobs gains in the US, attention could actually focus more on another part of
the report: wages growth. Canada has indeed come at odds with the US on that
front, as Canadian wages have just...
after a long time of overthinking things about trading patterns, reading the news of world, using multiple patterns in different times of the chart etc...i have literally just looked at the charts as simple as i could...in all honesty a simple trendline, support and resistance with common sense is all you really need...sure as we all know investments are a...
Hello everyone.
All the numbers on the chart : the Entry , Take profit areas and Stop loss are specified.
It seems that the price indicated by the star symbol will be touched before the price indicated by the no entry sign.
YOU CAN NOW ENTRY.
As you can see, I expected that the price rose to more than 180 Pips and had a bearish reaction after collecting the liquidity above the previous high.
Now, by examining the 12-hour chart we can see the price created the FVG and I expect it to fill in the short term, then we can define a bullish order block where we should study the price in the lower time frame...
The USD/CAD pair on the M30 timeframe exhibits a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours.
Key Points:
Bearish Channel: As visualized on the M30 chart, the price has been confined within a descending...
The Canadian dollar has climbed higher in the North American session after the release of Canada's December employment report. In the North American session, USD/CAD is trading at 1.3432, down 0.20%.
Canada usually posts employment reports on the same Friday as the US, but had the stage all to itself today, as the US posted its job report last week. The news was...
