RESISTANCE @ 1.3269
SLO @ 1.3245 ⏳
TP3 @ 1.3235 (closing ALL Buy Orders)
TP2 @ 1.3210 (shaving 25%)
TP1 @ 1.3190 (shaving 25%) 💰 +24 pips
+SL @ 1.3169 🚫
BSO @ 1.3166 📈 +28 pips 🤑
BLO1 @ 1.3150 ⏳
BLO2 @ 1.3140 ⏳
SUPPORT @ 1.31246
💰 TP1 is in the bag for a profit of +24 pips
💪🏾 TP2, here we come!!!!
🤑 BSO Net Equity is @ +28 pips
🚫 Stop Loss has been modified...
The tradeWELL FX algo printed a countertrend entry-with-trigger on long NZDCAD on 08/01 with entry between 0.80885 and 0.81135. Initial target at 0.82750 with stop at 0.79020 trailing.
The pair completed an orthodox head-and-shoulders pattern.
Market sentiment is neutral, slightly favoring the bulls.
The tradeWELL FX algo printed an entry-with-trigger on long GBPCAD on 08/01 with entry between 1.56667 and 1.56917. Initial target at 1.59838 with stop at 1.53496 trailing. I actually entered late and into the 1.575 resistance. Recent price action forming what appears to be a cup-and-handle with fairly distinct rounded bottom.
Counter-trend trade, so precarious.
System printed an entry with a trigger today on AUDCAD @ 0.89793 with initial target of approximately 220 pips @ 0.91786. Stop is placed @ 0.87300, trailing.
I actually entered this trade early and am up 70 pips. Today's candle close above the trigger line will indicate an entry based solely on the rules of the system.
Supply/resistance area above around...
Follow up from yesterday's post on a LONG OPPORTUNITY for AUD/CAD . Price closed above the entry level, although I'm still waiting on one more confirmation signal to follow through.
Entry @ 0.92830
Target 1 @ 0.94421
Target 2 @ 0.96097
Stop @ 0.90950
The technical picture on the USD/CAD currency pair is still ambiguous.
A temporary low is formed at 1.3115 in USD/CAD and intraday bias is turned neutral first. Further fall is expected as long as 1.3205 holds. A clear break below 1.3115 (38,2% Fibo retracement on the daily chart) will resume the decline from 1.3327 and target 1.3042 key support. Sustainable...
Lower highs are being formed as can be seen on the daily time frame
Flipping to H4 I noticed a bearish engulfing bar that perfectly tested the resistance level. Given the major resistance holding strong this sell signal is somewhat significant.
For this type of setup the stop is best placed above the engulfing bar where the setup is deemed invalid and the...
Bearish harmonic spotted on USDCAD. Weak price action and lower highs. Entered short.
Targets are labelled.
Please use a stop loss and appropriate risk management.
Remember to always trade responsibly.
Good luck! :D This universe has no boundaries.
My technical analysis tells me to buy usd against cad here but it doesn't correlate with setup on eurusd (look at the link below). That's why I can say that one of these pairs should hold up in flat for a while. I think that usdcad will hold up in flat because if we look at the chart, we can see that after signal to buy it didn't go up.
Follow this idea to see...
Descending channel, price action shows respect to MA so it is resistance. If enter now you will have a better R/R ratio.
Follow this idea to see the updates or follow my page to see my analysis on other pairs.
This is a very good trade where both the technicals and the fundamentals are in alignment.
The technical indicates a short term sell to 1.3350 followed by a temporal bounce and then a major rally downwards to somewhere around 1.3164.
The fundamentals are solid as well the unemployment rate fell and the employment change increased on the Friday report which...
A perfect Gartley is being created at USDCAD! All levels match exactly, it is just too good to be broken...
I would expect a retrace to 1.2870 which is the nearest resistance and then short to the target of 1.2635.
Longs
Entry point: 1.2635
SL: 1.2535
TP1: 1.2865
TP2: 1.2940
TP3: 1.3000
Canadian dollar is retesting a long term up trend line. Currently at 1.3325 and plenty of support here if we look at weekly. First seriious resistance is at 1.36.
I messed up the original post for this so I am trying again.
The Canadian Dollar has rebounded well against the British Pound leaving a bigger picture demand zone below @~0.5140.
Price is now coming to an area where there might be a sharp decline away. This supply zone @~0.5360 is also the 50% pullback area of the original down move indicated by the red...
After looking at my GBPAUD dollar trade in the morning we noticed other head and shoulders patterns on the GBPCAD, we waited until the price broke below the resistance level and believe this trade will be completed within the next 6-12 hours.
This is a pretty simple High probability trading set up and should be a really good trade.
Trigger!
![USDCAD: [USDCAD] Goodnight Looney](https://s3.tradingview.com/y/yMd4bzso_mid.png "[USDCAD] Goodnight Looney")
