on behalf this updrent we take some pips by selling , and closing @ 134.450
We sell at 118.400 and we waiting a confirmation of breaking R at 118.100 with one Candel of 4h
Big and Good Zone to selling cause we have a possibilty to return to support at 81.200
If Dont Broke Level 107.200 Big résistance , at 80% the price will be return to Support @ 106.200 next hours
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 the presence of bearish momentum in the pair....
JUST WAITING BREAK OUT AND OPEN POSITION .........
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. The aggressive decline in the oil price over the last...
THE PRICE WAS TRYING MORE TIME TO BREAK THE BIG R BUT WITHOUT SUCCES , SO THE TARGET PRICE NOW IS TO THE NEXT BIG S @ 1.32300 NEXT DAYS (3/4 DAYS)
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.
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
on Frame 15 minutes we can see a good oportunity to take some good sell position for short terme (intraday)
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 to get TP1 by the next 4 hours candles, this step...
now just see , what price make with his return te channel , we think that testing for the last time R 134000/ 134200, just seeing next hours 80% possibility to go another time to TP1 and TP2...etc