Disclaimer, these ideas are for my records of what I see in the market after taking a trade. It will help me document the reason of why I took the trade so I can have a track record. And as such, this is not a financial advice. I've noticed that at the monthly timeframe the pair is doing a wyckoff distribution schematic. Then at the weekly timeframe, the...
USDCAD - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long USDCAD Entry - 1.3625 Sl - 1.3598 Tp - 1.3671 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Preferred direction: SELL Comment: The situation with the New Zealand dollar, as well as with the Australian dollar, forces us to freeze all purchases for now and consider more sales. We are targeting the support level of 0.60713 , which is where the approach is likely to come in the near future. A more likely setup is a maximum drop from current prices,...
Here I have USD/CAD on the 1 Hr Chart!! Price attempted a BULLISH BREAK of the Falling Resistance but was quickly halted and retuned to the Low created before the MASSIVE PUMP! Now on closer examination, price seems to have a underlaying Reversal Pattern beginning to take "Face". A HEAD AND SHOULDERS PATTERN!! Now with our "Neckline" @ 1.36567 being confirmed...
Here I have USD/CAD on the Daily Chart! Price on UCAD has been Ranging between the Resistance Zone @ ( 1.3880 - 1.3804 ) & Support Zone @ ( 1.3223 - 1.3116 ) since Sept. 2022!!! Price revisited the Resistance Zone on Apr. 16th-17th and since has created a LOWER LOW with price finding a Minor Support Level @ ( 1.3647 - 1.3616 ) Suspecting Price may be creating a...
USDCAD - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short USDCAD Entry Point - 1.3745 Stop Loss - 1.3786 Take Profit - 1.3679 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
By checking the #Euro_Dollar chart in the 2-hour time frame, we can see that the price closed at 1.0652 last week and is currently in a neutral range, And to determine the next trend, we have to wait for the price to penetrate to one of the two levels of 1.069 or 1.06020! But I give 60% probability that the price will be supported again in the demand range of...
30m sell signal printed. Quadruple confirmation of short by double Swing Sniper print and double Make That Money print. Also coming down off 4h supply zone. Should drop to green line for 1.5RR
Today's focus: USDCAD Pattern – Heavy Resistance Support – 1.3514, 1.3454 Resistance – 1.3602 Hi, traders; thanks for tuning in for today's update. Today, we are looking at USDCAD daily. What are we discussing and asking today after looking at USDCAD? Will current heavy resistance contnue to block buyers? Does price have enough momentum in its current bull...
Here I have USD/CAD! On the Daily Chart, we have Higher Highs into Higher Lows forming what looks to be a Rising Wedge! Now on the 4Hr Chart I have an underlying Support Zone that I suspect price to test and bounce up from to test the Bearish Break of the Rising Wedge and if it holds, could continue lower!!! Strengthening my Bearish Bias is the Daily RSI High's...
Hello everyone, New week ahead. Looking forward to it! Last week we had red folder news. BTC is pumping, gold is following. I did my TA last night for my point of interset. If you look back at the charts, you can see why I am not putting limits. If I see a big candle pushing in my zone of interest, I am more than happy to watch how it goes and step in after liq...
Here we have USD/CAD on the Daily Chart! Down on the 4Hr Chart, Price is Bouncing-Up off of the Rising Trendline I have on the chart but with each bounce, buyers seem to be losing strength! Zoom out to the Daily Chart, it looks like UCAD is in a bigger scale Consolidation with price right in the Middle Road! My bias on this pair is Bearish given that we are...
USDCAD may continue the growth phase within the local uptrend. The favorable background for the currency pair is the strong dollar, which is strengthening after last week's news. The pair may test the resistance and after a small correction continue the growth to the far target. Reasons for further gains: 1) A strong dollar that continues to rise 2) Against this...
USDCAD price is in a correction period. and is an upward trend The current price is near the support zone. 1.34293-1.34645 If the price cannot break through the level of 1.34293, it is expected that there is a chance that the price will rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
Here I have USD/CAD on the 1 HR Chart! Price has outlined a very clear Double Bottom pattern with the two Lows! RSI is giving us a Bullish Divergence which tells me price really wants to work higher from this point! Price has now broken the Confirmation of Pattern! With this PA of now Higher Highs, we look for the next Low to be Higher than the Low of the...
USDCAD came sharply to the downside back in November and December of 2023, which looks like an impulse in 4h time frame, so more weakness can be seen until we see five subwaves down completed. Ideally, that's now a wave 4 rally from 1.32 that is already trading into 1.3450-1.350 resistance at the 38.2-50% Fibo., around the former swing low. Ideally market will...
USDCAD trend is still in a downtrend. The price has an opportunity to test the 1.31142 support level if it does not break through. The technical structure is subject to pullback. Consider buying a red zone. >>Thank you and GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
USDCAD price is in the important support zone 1.32758. If the price cannot break through It is expected that in the short term there is a chance that prices will rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!