Scenario #1 Candle break the weekly resistance, and now becoming new possible support. We will wait for a retest and continuation. Target next monthly resistance. Scenario #2 Candle false break the weekly resistance, and back down. Weekly resistance level still valid. Short position with target at lower trend line. Scenario #3 Possibility entering consolidation...
USDCAD H4 This is a long term forecast of USDCAD. I'm looking for a move up to complete a five waves pattern correcting the big move down from 1.46000. If this unfolds as predicted, we will see a continuation of the down trend. The other unlikely possibility is that we will start an uptrend. Time and price will tell. Either way, we can make money in ups and...
Now, I was riding the gravy train down when USDCAD was bearish. Seriously, before I was miking this pair like a cow that was in my barn. Now, we're just drifting sideways on longer-term timeframes. Still, opportunity exists. For those of you who are unfamiliar, HIDDEN divergence is used for trend continuation trades. Note the disparity between the RSI and price...
USDCAD Breakouts to watch Hight opportunity for buy positions, lowest for sell!
Another confirmation to go long, nice levels Disclaimer: This does not represent a trade signal, or constitute any form of Investment advice. but rather my ideas on how i view the markets, I am not responsible for any losses or gains made from this. Please use your own discretion
Hello traders, I hope you are all enjoying your weekend off! If it breaks the bullish wedge I will look for buys , for now I am more incline to bearish camp so still looking for sells. Remember to use good MM. Trade carefully. Thank you for your support. www.tradingsignalreviews.com
Going Long on Point B(1.3055) , or better yet for double confirmation go long on 1.29489 Both are excellent places for longs. The Monthly uptrend is still intact . SL @ 1.29215 Targeting point C. Crude Oil is in a declining state and Gold and Silver will follow BRENT as well. USDCAD Long Disclaimer: This does not represent a trade signal, or constitute any...
SUMMARY: The USDCAD pair bounced slightly during the course of the day on Wednesday, using the 1.3037 level as support. At this point in time, the market is looking bearish. The primary trend of USDCAD is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 50 day SMA that are...
reversal off the 78% after bank rate statements. 100 pips back up To C
Hi Guys, We got bullish bat in USDCAD and if you are pattern lover n trader, this post is for you and our entry for long positions is around 1.2880's and as we always do our stops goes below X level. Here we got very low risk and good potential reward in this USDCAD trade. Drawn this chart in the self explanatory way with where your stops and targets goes and what...
I believe fundamentally the USD gains strength across the board in the coming months as long as the FED stays focused on the US economy. Coming off NFP going into a major fed meeting where they are most likely to not raise rates for whatever reason, and the high probability that Britian cuts rates. I plan to hold until the week of the July FED Meeting and look to...
SUMMARY: The USDCAD pair bounced slightly during the course of the day on Monday, using the 1.3050 level as support. At this point in time, the market is looking bullish. The primary trend of USDCAD is bullish on charts and price is trading below its Resistance trend line in its 4 hourly chart. In its daily chart the price is sustaining above 200 day SMA that...
SUMMARY: The USDCAD pair bounced slightly during the course of the day on Friday, using the 1.3027 level as support. At this point in time, the market is looking bullish. The primary trend of USDCAD is bullish on charts and price is trading below its Resistance trend line in its 1 hourly chart. In its daily chart the price is sustaining above 100 day SMA that are...
SUMMARY: The USDCAD pair bounced slightly during the course of the day on Monday, using the 1.2830 level as support. At this point in time, the market is looking bullish. The primary trend of USDCAD is bearish on charts and price is trading below its Resistance trend line in its 1 hourly chart. In its daily chart the price is sustaining above 50 day SMA that are...
We have a trend that has retraced to a 0.382 indicating a trend -continuation. We're likely to see our daily resistance tested once more to give us a double-top for a nice SELL opportunity OR break through the resistance level and double-bottom on the 'now' support and rally. Currently we're at a poor R-R ratio to enter so wait to test resistance level to ride...
Buy price goes above counter trend line with Bullish Candle Stick Formation Price above up trend line Previously price break out above counter 88 Pips and 66 Pips Fib .618 Retracement I WILL NOT BUY IF PRICE DOES NOT CLOSE ABOVE 3RD COUNTER TREND LINE BREAK TODAY!! MY STOP WILL BE 10 PIPS BELOW BULLISH CANDLE STICK FORMATION TARGET WILL BE 5 PIP BELOW 1.272 FIB...