Sell below 0.9732. Stop loss at 0.9811. Take profit at 0.9614. Reason for the trading strategy (technically): Price is now testing major resistance at 0.9732 (Fibonacci extension, Fibonacci retracement, horizontal pullback resistance, bearish divergence) and we expect a strong reaction off this level for a further drop to at least 0.9614 support (Fibonacci...
Buy above 122.56. Stop loss at 122.30. Take profit at 123.63. Reason for the trading strategy (technically): Price is now testing major support at 122.56 (Fibonacci extension, horizontal swing low support, bullish divergence) and we expect a strong bounce up from this level to reach at least 123.63 resistance (Fibonacci extension, horizontal swing high...
Buy above 82.94. Stop loss at 82.54. Take profit at 83.66. Reason for the trading strategy (technically): Price has shot up and reached our profit target perfectly from yesterday. We remain bullish looking to buy above 82.94 major support (Fibonacci retracement, Fibonacci extension, horizontal swing low support, ascending support line) for a push up to at least...
Buy above 1.3288. Stop loss at 1.3251. Take profit at 1.3387. Reason for the trading strategy (technically): Price has dropped perfectly and reached our profit target on USDCAD once again for the third time in a row. We prepare to buy above 1.3288 support (Fibonacci retracement, Fibonacci extension, Elliott wave theory) for a corrective bounce up to 1.3387...
Buy above 1.2633. Stop loss at 1.2483. Take profit at 1.2886. Reason for the trading strategy (technically): Price is testing our major support at 1.2633 (Fibonacci retracement, Fibonacci extension, horizontal pullback support, bullish divergence) and we expect a strong bounce above this level to at least 1.2886 resistance (Fibonacci retracement). RSI (34) sees...
Sell below 110.66. Stop loss at 111.25. Take profit at 108.23. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area as expected and is on track to reaching our profit target. We remain bearish below 110.66 resistance (Fibonacci retracement, horizontal overlap resistance, descending resistance) for a further push down...
Sell below 1.1300. Stop loss at 1.1380. Take profit at 1.1080. Reason for the trading strategy: Price has reached our selling area and is reacting off it perfectly. This week we remain bearish below major resistance at 1.1300 (Multiple Fibonacci extensions, Elliott wave theory, horizontal swing high resistance, bearish divergence) for a further drop towards...
Sell below 110.60. Stop loss at 112.20. Take profit at 108.15. Reason for the trading strategy: Price has dropped perfectly from last week and reached our profit target. We remain bearish looking for price to drop further below 110.60 resistance (Fibonacci retracement, long term descending resistance, horizontal overlap resistance) towards 108.15 support...
Sell below 0.7550. Stop loss at 0.7620. Take profit at 0.7370. Reason for the trading strategy: Price is now reacting off major resistance at 0.7550 (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension) and we expect to see a strong reaction off this level for a drop to at least 0.7370 support (Fibonacci extension, horizontal swing low...
Sell below 1.3485. Stop loss at 1.3551. Take profit at 1.3387. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area and has reached our profit target. We prepare to sell further below 1.3485 resistance (Fibonacci retracement, horizontal pullback resistance) for a further push down to 1.3387 support (Fibonacci...
Buy above 1.2703. Stop loss at 1.2596. Take profit at 1.2886. Reason for the trading strategy (technically): Price is holding really well above our buying area and forming a nice reversal pattern. We remain bullish looking to buy above major support at 1.2703 (Fibonacci extension, Fibonacci retracement, horizontal pullback support, bullish divergence) for a push...
Sell below 1.1203. Stop loss at 1.1243. Take profit at 1.1107. Reason for the trading strategy (technically): Price is now testing our resistance and right on our selling area. We remain bearish with price breaking a major support-turned-resistance line at 1.1203 (Fibonacci retracement, horizontal overlap resistance) and expect a stronger drop to at least 1.1107...
Sell below 110.66. Stop loss at 111.25. Take profit at 109.14. Reason for the trading strategy (technically): Price has bounced up perfectly and reached our profit target. We now turn bearish with new elements coming into play. We look to sell below 110.66 resistance (Fibonacci retracement, horizontal overlap resistance, descending resistance) for a push down to...
Sell below 83.48. Stop loss at 83.93. Take profit at 82.80. Reason for the trading strategy (technically): We prepare to sell on major resistance at 83.48 (Fibonacci retracement, Fibonacci extension) and expect a strong reaction from that level to drive price down to at least 82.80 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3)...
Sell below 0.7548. Stop loss at 0.7573. Take profit at 0.7472. Reason for the trading strategy (technically): Price is now reacting off major resistance at 0.7548 (horizontal swing high resistance, Fibonacci extension) and we expect a strong drop from this level to at least 0.7472 (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing...
Buy above 1.2703. Stop loss at 1.2596. Take profit at 1.2886. Reason for the trading strategy (technically): Price has dropped absolutely perfectly from our selling area and has reached our profit target. We prepare to buy above major support at 1.2703 (Fibonacci extension, Fibonacci retracement, horizontal pullback support) for a push up to at least 1.2886...
Sell below 1.1203. Stop loss at 1.1243. Take profit at 1.1107. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area as expected. We remain bearish with price breaking a major support-turned-resistance line at 1.1203 (Fibonacci retracement, horizontal overlap resistance) and expect a stronger drop to at least 1.1107...
Buy above 109.27. Stop loss at 108.71. Take profit at 110.28 and 111.66. Reason for the trading strategy (technically): Price has bounced nicely above our buying area and reached our first profit target level. The plan today is for us to remain bullish above major support level at 109.27 (Fibonacci retracement, Fibonacci extension, price gap) towards the first...