After forming a bullish engulfing candlestick pattern on the daily chart on Wednesday, the USDCAD pair advanced for the second successive session yesterday and finished at 1.3468, after moving as high as 1.3508. Currently, the daily RSI and stochastic indicators are showing loss of upward potential, suggesting at ...
We have a good selling signal because the Channel Up identified at 07-Nov-17:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 114.1250 within the next 3 days.
USD/CAD Daily Chart
I think a retracement to the 20-EMA might offer a good level to enter into a long trade on this pair. If the price fails to retrace to this moving average and starts to resume the uptrend, we could look to smaller timeframes like the 4-hour or hourly charts to fine-tune a long entry.
AFTER OPNING A MARKET WE WAS SEE AN UP TREND FROM ARROUND 10200.00 TO 10450.00 SO WE HAVE PROBABLY A RETURN TO NORMAL TREND AND THE SUPPORT LEVEL ARROUND 10270.00 NEXT 4 HOURS
GOOD LUCK FOR ALLA TRADERS
According to the move of last week , we can see the line that we have R and S , some R was transformed to R after to be brokern
generaly we have inspected a fake break-out arround Sell Zone (134080-134300) some USA news Influence but quikly return to first S (support) at 133800
Finnaly we recommande to Go short ...