Price broke significantly through the lows of this move up. We want to see a healthy level rejection and a bearish break towards the 1.3393 level I'll keep this chart updated
Usdcad is continually maintaining bullish market structure, however, the question remains, how high will it continue?
It appears as tho we're about to retest the bearish wedge we broke out of during the first part of August. We have a shit ton of resistance in this area and appear to be forming a H&S formation as well. Look for deceleration and a rejection of this resistance on the daily and intra-day for confirmation to get short. Ideally this pair tops out at resistance the...
USDCAD has broken out of a trend channel. Could we go short after a retest or bounce off resistance?
Here is an opportunity to join in on the USDCAD multi-year rally or simply to add positions. The best time to add positions is when price pulls back to quality levels so that we are BUYING LOW or SELLING HIGH . Over the past few weeks, we have seen price recoil from that unbelievable rally and looking at price, it is likely to continue to 1.52! Bold call?...
This pair USDCAD, has fufilled its aim (Taking stop-loss) up to 124.20 area. The price action last week is still valid! and we are presented with with a great opportunity to short from a very good overbought level. 124.10 is the level that was fufilled with this move. so to cut the long story short we are expecting the price to break 123.81 and 123.53 for us to...