My thoughts are in the chart :) Like if you agree! follow and support please!
IS CLEAR NOW ! 1. DOWNTREND 2. FLAG ( RETRACE ) 3. NEXT STOP @ 1.30000 4. SECOND STOP IF IT BREAKS @ 1.28500 5. FINAL STOP @ 1.21500
ON DAILY CHART IT SHOWS HAT USDCAD IS MAKING A CORRECTIVE STRUCTURE AND IS HEADING DOWN BECAUSE A NEW DOWNTREND HAS STARTED . IT JUST TOUCHED A RESISTANCE ZONE AND IT WEND DOWN AGAIN SO MY IDEA IS TO SELL ON THIS POINT AND TAKE PROFIT @ 1.30800 FOR NEXT WEEK
USDCAD has just spiked up triumphantly, however we expect it to lose its steam just as fast. Price has touched the Daily Trendline (Upper), failing to break through. We expect a reversal is now imminent, provided the Daily Trendline does not break, as price is now significantly overbought. We expect price now to fall back towards the closest support level, before...
USDCAD has broken through two different trends on the 1H, currently back in a downtrend. We expect price to continue to S2 upon breaking S1, where it can find support at the Potential Reversal Zone before it begins a reversal to retest the 200 MA. Trade Setups: If it breaks S1 in the next few candlesticks, short to S2 Enter long at Potential Reversal Zone, aim...
Not too sure about this one though, just woke up, lets pray we profit
- Rejection at 200sma on the daily - Chuvashov fork break - Rejection at 38.2% fib - CURRENT weakness in the USD - Oil has a negative correlation with USD/CAD. Oil is currently trending bullish. Possible supports: - 200sma on the 4 hour - Ichimoki cloud on the daily - 23.6% fib retracement on daily My first profit target is 1.29863 or the bottom fork/trendline,...
Sell trade ,, sell from 1.3255 and tp1 1.3000 tp2 1.2850 tp3 1.2600 ,,, this trade is valid for 6 month
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...
patiently waiting for the right moment to swing short usdcad...
HELLO GUYS ! I SAW THIS OPPORTUNITY ON USDCAD ON DAILY CHART IT FORMED A RISING WEDGE AND I AM EXPECTING A BREAKOUT AND FALLING DOWN. I WILL PLACE A SELL ORDER @ 1.33000 AND TAKE PROFIT SHORT @ 1.32000 AND LONG @ 1.29500
Okay guys firstly it is NFP tomorrow, however USDCAD daily chart is indicating a swing in play. Therefore following technicall analysis we should see a weaken dollar, I would suggest to expect to see lows of 1.28500 within next week.
USDCAD Long down! Dont miss that too. Daily uptrend broken and second retest failed!
USDCAD Breakouts to watch Hight opportunity for buy positions, lowest for sell!
Wait for either price levels to break before entering into that specific direction Disclaimer This does not represent a trade signal or constitute any form of advice, but rather is a view on how I see the Markets. Please use your own discretion. I am not responsible for any gains or losses