Buy above 1.2966. Stop loss at 1.2893. Take profit at 1.3164. Reason for the trading strategy (technically): Price is dropping strongly towards major support at 1.2966 (multiple Fibonacci extensions, horizontal swing low support, Elliott wave theory) and we expect a bounce above this level to at least 1.3164 resistance (Fibonacci retracement, horizontal pullback...
USDCAD is currently testing a support on the daily time frame. On the 4 hour its also testing a support level. On the daily its also close to the lower range. Trying a buy here with a target of 1.3280 can be very profitable
Really good opportunity to buy USDCAD from current point with low risk and good ratio up to 1/4 AB=CD almost 99 % completed Watch closely H4 timezone
Currently USDCAD on the daily time frame is on the bottom of the range with Stoch making a nice bullish crossover. Whats unique about this is that on the 1 hour and 4 hour time frame USDCAD is also exactly at the bottom of the range with the Stoch crossover. So you're having a buy setup on 3!! different time frames. Perfect opportunity to buy this pair. Entry:...
Right now, I have no suitable reason to avoid this trade. Every single parameter I check before entry, all are positive in this setup. # Multiple time-frame pitchfork support. # Multiple time-frame MACD Regular Bullish Divergence. # Multiple time-frame Stochastic RSI "Over Sold" # Bullish Harmonic Pattern. My Facebook Page: web.facebook.com
search a rejection candle in selected aria, stop loss below 1.3150.
Our preference: position bought above 1.3220 with targets at 1.3300 & 1.3345 in extension. Alternative scenario: in break of 1.3220, a continuation of the decrease will be envisageable with 1,3185 & 1,360 in line of sight. Comment: The RSI is bullish and militates for a continuation of the rise.
We hope that our analysis can help you in your trading. This is an update for USD/CAD, it is predicting for PRICE BREAKOUT. It would be a great idea to BUY on 1.32741 and place your TARGET at 1.33148
Hi Everyone ! Hope you are doing good. I was watching this setup since too long and I think its the best time to buy USDCAD now. Just because of Pattern and trend line. I am taking a long position, You guys can also look deep into it thanks
Hi guys, lately CAD pairs have been very weak, on this particular pair we can see price is testing a key support area that was relevant on the daily timeframe (left-hand side). This means it could still be effective for price's movements and we can then search for long opportunities down on lower timeframes, such as 4hr. In addition to that you can see the RSI is...
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...
Looking at the USDCAD pair, we can see the pair are at the bottom of the channel the pair have been in for a while now. We could either see attempt to make another move higher, or break the bottom of the price channel and move lower.
usdcad long opportunity broke CT, now retesting the supportzone for possible bullish run 61.8 retracement along with the supportzone confirming bullish possibility stay tuned
We take long position from the current level and book profit @ 1.3550 Let's Watch !!
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...