potential for long 1) strong trendline support. -There's few false breakout in between trendline which suggest a strong trendline. 2) Candle hasn't broken through the trendline and resting nicely on the trendline itself. 3) Currently found support on 61.8% retracement. 4) Ema 200 suggest bullish bias 5) making higher high, higher low signifying of...
The last 15 hours has seen a prolonged battle for control of this pair with the BEARS unable to push further south than 1.3516 as the area of support shown holds and price travels sideways. As oversold conditions unwind, USD BULLS look to be taking control. With such a huge risk/reward its worth taking a LONG here as we have a natural tight STOP just 20 pips below...
Actually, I have open short position on USDCAD currently pending to close once upside reversal TAKES place IF it happens. And IF it happens, planning to reverse my short positions to longs. This USDCAD long trade is ONLY a CONTINGENCY, a potential due to the fact that it MAY bounce from the long-term trendline. To be honest, fundamentally I'm bearish on CAD as...
Looking to buy the retracement on USDCAD
FX:USDCAD BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD BUTTERFLY Point B: 78.6% XA Point C: 38.2% AB 88.6% AB Point D 161% ext BC 261% ext BC Targets: TP1 61.8% CD TP2 127% CD
USDCAD after double bottom, its better to go long
Consolidation Break Out......consolidation formation structure, double bottom.... Trade Entry sorted...... Let Price do its magic.
SEEMS LIKE WE ARE TESTING SUPPORT LEVELS AFTER BIG BREAK ABOVE PATTERN TREND LINE, SEEMS LIKE BULLS WILL BE BACK IN PLAY. LETS SEE HOW THE WEEKLY CANDLE WILL CLOSE
The USD has spent most of Monday recovering and although progress has been subdued on USD/CAD there are reasonable signs that a swing low may be in place at 1.38 area. Price sits just above the 38.2 fib of last weeks range and a LONG trade here (I'm in at 1.3834) looks a to have a decent chance though I'm not loving it. Tight STOP at 1.3804 for a 30 pip risk with...
1.41022 USD/CAD: 3.Target (2676 Chance) 1.40162 USD/CAD: 2.Target (1816 Chance) 1.39771 USD/CAD: 1.Target (1425 Chance) 1.38346 USD/CAD: last Price 1.36369 USD/CAD: last Support (1977 Risk) You can use the support levels as stop-loss price level. And alle 3 targets also even as take profit price leves too, if you want. But take care! Think about it - and...
RECOMMENDATION: SELL SUMMARY: The secondary trend of USD/CAD is bearish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining above 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.4100 and support at the level of...
1.41022 USD/CAD: 3.Target (2576 Chance) 1.40162 USD/CAD: 2.Target (1716 Chance) 1.39771 USD/CAD: 1.Target (1325 Chance) 1.38446 USD/CAD: last Price 1.36369 USD/CAD: last Support (2077 Risk) You can use the support levels as stop-loss price level. And alle 3 targets also even as take profit price leves too, if you want. But take care! Think about it - and...
After being in a flat correction for the last few days it's time to keep going up after the last impulse and the continuos divergences in the downtrend.
1.41022 USD/CAD: 3.Target (2576 Chance) 1.40162 USD/CAD: 2.Target (1716 Chance) 1.39771 USD/CAD: 1.Target (1325 Chance) 1.38446 USD/CAD: last Price 1.36369 USD/CAD: last Support (2077 Risk) You can use the support levels as stop-loss price level. And alle 3 targets also even as take profit price leves too, if you want. But take care! Think about it - and create...