USDCAD 4H Short 1. Channel Upper Line 2. Daily Support/Resistance RISK for more Up movements Good Luck!
We are most likely to see the Canadian Dollar strengthening next week, especially against the Euro and US Dollar .
WXY completes at 1.38ish and huge fall to complete the ABC Cycle. I will keep updating on the smaller TF. This pair will affect Crude too. I expect crude to pullback to 38 again and then towards 70$$.
Short setup at supply zone on daily chart. Price now in supply zone, take a look at smaller timeframe for entry points. Trade with good risk reward ratio and high probiality to return price at demand.
Probably a new uptrend is being formed, might be a good moment to step in.
What price action to trade this USDCAD short, watch carefully because the FOMC news for tomorrow. Wait for a good bearish candle before short.
This symmetrical triangle formation on the daily chart of CAD/JPY offers an opportunity for a sell trade in case of a bearish breakout. The triangle's borders are marked with the yellow lines. My potential entry point is marked with the cyan line. My take-profit level is shown with the green line. I will set the stop-loss level to the high of the breakout bar (not...
Bearish bias on pair and price has formed a shooting star at Res zone. Stops above previous swing high. Target 1 127.00 Target 2 125.00
USDCAD POSSIBLE BULLISH SETUP, DXY AREA 94.30-94.40 CONTROL Initial SL level as it drawn (on close) DXY are 94.30 - 94.40 on control.
Looking at GBP/CAD on the daily time frame price have made its first bearish leg, pullback is now for selling as I am looking to trade the second leg down. On the 4 hour chart MIDAS R1 (launched from 2016-08-03 12:00) have successfully captured the pullback together with a TD-Price Flip on the 1 hour chart. This potential trade setup have a great Risk to Reward...
Let me take a minute to emphasis the Importance of this Resistance its a BIG one seriously. This Resistance line which is Being Approached on $NZDCAD has held several times during this year before this encounter. Also there is a CUP & HANDEL pattern forming which is giving some insane targets of close to 1.0450 so don't get carried away so easily. I...
your action based on the direction of breakout. Good luck
Nice triangle, just wait till break trendlines and buy or sell accordingly