Not much to say here folks, we can see it playing in between this ascending wedge pattern. Plus its at an area of previous resistance turned support. Good Technicals, decent fundamentals anddddddd a good R&R (Risk to Reward), make this opportunity a little too good to pass up! Hope you enjoy! Feel free to like or comment, as long as its positive! Regards, Alex
Winter is coming and so is interest hikes. Crazy price action last week. However, price returned under support. I also expect oil prices to rise. UC should drop here
BOC rate hike is expected Dollar seems to be getting rejected again at resistance UCad also hitting resistance and fail to break RR is good so short opened --
USDCAD : 1.breakout ctl 2.reject on 50 fib 3.touched support zone. Good opportunity to buy it. 2.5 r/r
Look at the chart. Sell after breakout! gl
Hi I sell on the swing candle pattern. Pullback (Near to) cross SMA20. TP around 1.27xx
After a massive drop from USDCAD I'm looking to take long until 1.29 to fill the gap
USD CAD hit resistance and it looks like Inverse H & S could be made RR is good since stop is right above the entry
Support test. Lets see if we can get a bounce. Tight 20 pip SL.
UCAD approaching strong support at 129.00. Will be looking to buy
on the 4H chart we have broken the neckline on a smaller head and shoulders pattern which here on the daily chart has been completed in the right shoulder on a structure support area. This pattern has not been confirmed yet as the neckline still has a while to go, but the 4H chart does confirm to me we will see some upside so the completion of this larger pattern...
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...
This is my periodic update of Support Resistance zones for this pair. USDCAD has been range bound, so there have been many fib clusters defined within. Thus the choppy price action, because many resonances have been set within the range. This will be a very interesting week for USD pairs in general, and UC in particular due to trade wars. General Info...
I buy from my setup of HH candle, cross SMA20 and RSI divergence. (but aware that daily tf it's still below the SMA20) TP around 50-61.8% fibo level.
about another 150 - 200 pips long still, but once we hit the 1.35 price range UC will have a long ride back down to 1.28 before we see any true support. Trade at your own risk.
That's a LOT of lines, I know. Kind of like ''draw a bunch of random lines and some of them will work", right? This asset has just been so choppy, that it has left a LOT of ripples. But it looks like it might be leaving the chop range. So that should help me define better resonance frequencies soon. Also, I found a way to make the zones go back to origin...