USD/CAD BUY OPPORTUNITY (MONTHLY):
very risky trade because of banks manipulation a possible long position with good payout use least risk possible
THIS IS MY BIAS ON USD/CAD. I am aware price could in-fact carry on down to bounce off previous Downtrend. Follow my insta @RhysFX_ Like and follow here too for future analysis !
Hi Traders! The USDCAD H4 chart shows that the rally from 1.32499 to the top at 1.34501 is an impulse Elliot Wave structure. It has since made a deep corrective structure in wave "ii" which seems to have completed and unfolded as a zigzag pattern. Wave "ii" terminated at 78.6 Fib ratio of wave "i" and also last daily price action closed as bullish pin bar at...
Yesterday I see USDCAD as sell position. But today it breakout level at 1.3372. So now it looks like a buy situation. Buy order - 1,3375 StopLoss - 1,3350 TakeProfit - 1,3465 RiskRewardRatio - 1:3,78
USDCAD 1D : Can Clearly see that Bullish engulfing happened. Then Price Break Resistance Line (Resistance Become Support) @ 1.3100 Target Buy 4H : Price is doing retracement. Wait for buy signal @ minor snr lines (black dotted horizontal line) Preferred buy level is at BRN level. Target entry: Buy Limit @ 1.3100 SL @ 1.3050 (50pips) TP @ 1.3200...
USDCAD 1D: The trend is currently uptrend. A simple trend continuation pattern can be seen clearly on this chart. Price is currently doing retracement. Wait for buy opportunity. 4H- Price is approaching the TL and minor support line @ 4H. Can look for buy signal from that level. Targeted entry level: Buy limit @ 1.3080 SL @ 1.3050 TP @ 1.3200 RRR...
On the USDCAD we see abullish butterfly has already formed. Well am looking for bullish evidence and when I see one I will be taking the trade. If it meets your entry rules its a good place to buy. All the best mates
BUY USDCAD as it rejected the weekly trend line and the daily trendline is broken... Buy till 1.35xx and then wait for a reversal to short all the way down again
As you can see, today's candle is engulfind yesterday candle in a bullish manner. You can wait for the end of the day to confirm if the candle will remain bullish engulfing or like me go long and get out of the chart.
USDCAD LONG AGAIN IN THE TREND FOR 1.35 LEVELs
USDCAD seems its near to done it 100% move and also Seems RSI near to change its Trend. We advice buy usdcad cmp 1.28 with sl 1.2750 where tp1 1.29 and tp2 1.2950 If hold below 1.2750 next 1.26-1.2650 we can see
usdcad Seems Strong Support around 1.3035 Level if hold we can see 1.3150-1.32 level. Advice buy cmp 1.3080 sl 1.3010 TP 1.32
Data has been deteriorating in Canada lately and the recent strength in the USD is expected to continue this week. We have already had a 50% pull back from the initial trend that began at 3/4/16 so we are now just looking for minor pull backs as set out on the chart before making a new high and extending to profit. learn to trade like a pro for FREE boafx.com