I believe this pair is in an up trend with the dollar 💵 index DXY. USDCAD pulled back last night, so I’m going to try and join this continuation.
USDCAD has clearly made inverse heads and shoulders pattern and we expect price to push to the marked zone . Another possible re- entry will be when price breaks above the marked resistance which will now become our support .Trade will only become invalid if usdcad comes back to our right shoulder .
SAITI_FX usdcad has started a decline since it was in small consultation 1 h has long been found in a rectangle in timeframe 4h can go sell up to the support 1.3500 break it and continue towards the support 1.3360 or retest the resistance 1.3580 and start towards the support
Usdcad - h4 - I see price rebounding upto 1.37 on this pair
USDCAD now at the potential reversal zone of a Bullish butterfly pattern. Expecting prices to go higher
Time for loonie to rise up - Risk to reward decent
The low so far was about 50 pips away from AB=CD.
UsdCad is bullish. Both alternatives are bullish. Up to 1.5 at least.
USDCAD still uptrend. After its retest level we will look for buy set-up.
Usdcad - Longs - Risk2reward 1:7.. we good to go
USDCAD price fell down from the upper line of the channel since last few days and it's struggling with the bottom line of the channel which is also the least price of USDCAD since April . It's strongly believed that if the price manage to break the support line (which is near 1.337) sharply , then we have right to enter to short position .
USDCAD move in a range for almost a month. highest level of the range already break drop base drop (DBD) supply on its left. Lowest level of the range is bouncing on significant Support and Resistance. Great history to its left. I decided to be in long position for this pair because of: 1. break of DBD on h4 time frame 2. there are bullish engulfing form as...
This one may carry on for a while, on its way up to support, should be an easy 60, MACD and EMA's all lining up to push this one higher...
USDCAD breaks out of a falling wedge! What are you doing selling this pair? There might be some bear traps on the first hours of the opening tomorrow!! DONT GET TRAPPED Best of luck, Felipe
Strong bullish activity. Broke into new trading range. The upper trend line will be tested. Resistance at 1.37535 will also be tested.
this is getting close to a rapid drop coming our way. watch out. see previous chart below follow, like, and comment :) thanks
as per previous, watch out for the sell. be in it to win it :) like, comment and please follow