Our preference: sales position below 141.20 with targets at 139.50 & 138.10 in extension. Alternative scenario: in excess of 141.20, aim for a continuation of the increase with 141.80 & 142.65 in line of sight. Comment: as long as 141,20 is not exceeded the risk of a depression of 139,50 is important.
Sell below 1.3482. Stop loss at 1.3543. Take profit at 1.3387. Reason for the trading strategy (technically): Price continues to drop perfectly towards our profit target and has made a nice bearish exit signalling that a change in momentum is expected. We remain bearish looking to sell below 1.3482 resistance (Fibonacci retracement, pullback resistance, swing...
Good Morning all, Sorry I'm late with this analysis - entered the trade very early this morning and was unable to write up my analysis before now so I apologise for the late entry, however we have plenty room for pips yet so I thought it would be worth adding. The USDCAD has been trading in a tight range but we've seen a bearish breakout below a lower...
Sell below 1.3540. Stop loss at 1.3595. Take profit at 1.3431. Reason for the trading strategy (technically): Price is seeing major resistance below 1.3540 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, Elliott wave theory) and we expect to see further bearish movement below this level to at least 1.3431 support (Fibonacci...
News spikes in CAD never seem to last long.
There is a strong downtrend on the 4-hour chart, it might just continue in the coming days untill Friday.
The upside battle continues. Another Shark Pattern completed. Would you like to swim?
With two back to back successful Cypher Pattern opportunities, and four failed attemps to break above major resistance, downside is in play. Shark pattern completion imminent?
Hi Friends, My analysis says it can go for another move up so look for buy at trendline.But in case if it breaks the trend then wait for correction then look for sell. GL
Buy after the breakout of price level indicated by yellow line. close the trade around ~30 pips. TP and enjoy ! keep it simple :)
Downside is still attractive on this daily chart.
A sweet and quick sell entry ! Put pending sell stop after the breakout. Keep it simple :)
We see a big fall from current level - We book our first profit @ 1.3170 and second @ 1.3050