GBPCAD is oversold at this situation.RSI shows that .so we can see a correctional buy .
EDUCATION
so to find tha point of reverse in the market we can use out fibonacci tool to high to the low the impulse
in that point we can see the 0.382 Fibo level is perfectly matched with the previous support which will become the resistance soon.( SBR ).also the trading...
long-term thinking
there is another resistance that can be tough: 0.66051
when we get there it's worth increasing the sl
if everything goes well, we can reach tp in October :)
The CADJPY pair has been just below the 110.615 Resistance (September 13 2022 High) for the past 3 trading sessions. The long-term pattern is a Channel Up so the trend remains bullish until it breaks downwards. The 1D MA50 (blue trend-line) is firmly supporting.
The current bullish wave doesn't differ much from the one that started on the March 24 Higher Low and...
The AUDCAD pair has been trading within a Channel Down since the February 09 High, having failed to achieve any 1D candle closing above the 1D MA50 (blue trend-line) since July 26. The current price action resembles the start of the Channel Down. Based on symmetry, we have one last Lower Low to achieve and then we should be expecting a rebound to test the 1D MA50....
The EURCAD pair has been decreasing since the August 30 High that formed the 1.48250 Resistance (1). Being below both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line), the long-term outlook looks bearish, considering also the fact that we may have completed a huge Head and Shoulders pattern since December.
However, the price is decelerating the...
Expecting USD weakness this week, and continued CAD strength due to Oil and good fundamentals.
Not much else to say here, great RR on this move if it comes off!
Hey Traders, in today’s trading session we are monitoring USDCAD for a buying opportunity around 1.33700 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.33700 support and resistance area.
Trade safe, Joe.
Hey Traders, in today’s trading session we are monitoring EURCAD for a selling opportunity around 1.44500 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.44500 support and resistance area.
Trade safe, Joe.
NZDCAD is trading in a long-term bearish trend.
However, the market was consolidating the entire August within a horizontal range on a daily.
The support of the range was finally broken last week.
It is an important sign of strength of the sellers, and it indicates a highly probable bearish continuation.
The prices may go lower at least to 0.7936 support
...
seems like cadchf has already bottomed out and preparing for massive bullish rally in coming weeks
descending channel breakout has already confirmed in daily timeframe retesting in process incase of successful retest expecting 400 pips bullish wave
CADJPY is on our radar at the moment. We currently appear to be in an ABC corrective wave and looking for wave C lower.
On the lower timeframe we'll be looking for reversal patterns to indicate that wave B has completed and that we've started wave C.
Trade Idea:
- Watch for lower timeframe reversal patterns or trendline breaks
- enter with stops above the...
Hey Traders, in today’s trading session we are monitoring NZDCAD for a selling opportunity around 0.80200 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.80200 support and resistance area.
Trade safe, Joe.
Hey Traders, in the coming week we are monitoring AUDCAD for a selling opportunity around 0.87500 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.87500 support and resistance area.
Trade safe, Joe.
USDCAD reached a solid horizontal support this week.
The price formed a double bottom pattern on that on a 4h time frame,
bounced and violated a resistance line of a falling wedge pattern.
Probabilities will be high that the pair will bounce next week.
Goals: 1.355 / 1.358
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The USDCAD pair is making the initial rebound attempt after a Double Bottom on Support A (1.34875).
The 1day RSI made a Lower Low on the Channel Down bottom, which is an additional buy indicator.
Buy and target 1.36100, which is a little under the 0.618 Fibonacci level.
Previous chart:
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We'll be keeping an eye on the USDCAD between 1.3700 and 1.3650 to see if there's any potential bearish momentum to trade short.1.3600 zone for the first take profit and 1.3500 zone for the second take profit. NOTE: USE ADEQUATE RISK MANAGEMENT.
Keep in mind: No admittance, no confirmation.
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Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
CADJPY has been overall bullish trading inside the rising channel in orange, however it is currently approaching around the upper trendline.
Moreover, the zone 109.0 is a strong supply.
🏹 So the highlighted red circle is a strong area to look for sell setups as it is the...
