Bullish Cypher pattern USD/CAD 60 Min Waiting for the price to drop down into the 78.6% retracement from X-C leg.( 1.3766 ) to complete this Cypher. Stoploss placed well below X, Take profit target 1 @ 38.2% retracement and Take profit 2 @ 61.8% retracement from C-D. Let me know if this was helpful, and please like and follow !
SUMMARY: The secondary trend of USD/CAD is bullish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining below 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 1.3997 and support at the level of 1.3883. If it breaks its...
SUMMARY: The secondary trend of USD/CAD is bullish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining above 50 day SMA and taking support of 200 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 1.3980 and support at the level of 1.3840. If it breaks its...
Buy after 1.3880 Sell after 1.3880 Our MQL : www.mql5.com Our Facebook : www.facebook.com Our Vkpage : vk.com
Fundamentals: - Mixed data from Canada last week with a tick up in unemployment and worse than expected employment change. However the rally in Oil did help the Canadian strengthen for a period of time last week. I don’t think the Canadian can maintain a positive rally, once the data starts to be absorbed by the market we should see this pair return to the upside...
Buy Limit 1.367 SL. 1.357 TP. 1.381 1.387 1.393 1.399
Buy @ Market 1.3764 SL. 1.372 TP. 1.38 1.383 1.387
Before new lows - 1.3770 TARGET for sure--- we need a pull back - 1.39 NFP friday... INDEX $ currencie on the extreme need correction before to trend more Pull back also USDJPY
Elliott wave structure on the daily chart . Reverse Head and Shoulder on the 1H chart. Looking for a 50% retracement to wave B for profits. Good luck! Entry: 1.4060 SL: 1.4000 TP: 1.4300 Update status
USD/CAD has retraced enough , for me to see that it has came to a level of support. It may go higher. If it doesnt there is a nice tight stop.
4 Days Ago I posted this up and as I predicted we came down and touched previous support 3 times, which bodes well for a rise up to Point D of the Cypher I will look and see how the market opens and look to take a long position to point D Good risk reward as well
I feel if we can see a candle close below the previous support we could see a further drop to point C which is the next strong structure support, it will also take us into the oversold area of the RSI. From here once I have confiramtion I will look to go long to point D of the Cypher
FX:USDCAD CYPHER: Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6% XC Target: TP1 38.2% CD TP2 61.8% CD Safe Trades; open.spotify.com
USDCAD LONG -BREAK OF TRENDLINE AND CLOSE ON 1H -MA CROSSED TO UPSIDE 1H 2H -HIT A MAJOR MONTHLY SUPPORT 1.4000 -THS LEVEL HELD AS SUPPORT -TARGET WEEKLY RES 1.4280
We had an overextended bullish run on the USDCAD-0.01% pair up to historically high area of 1.46-1.47 and since then finally got the pullback that was overdue. On the daily we had nice deceleration to the .382 fib retracement from recent swing high and now are currently forming a beautiful doji for a nice setup in the week to come. 4hr & 1hr charts show a...
Buy Limit @ Market 1.4035 SL. 1.40 TP. 1.412 1.422 1.431 1.445
Buy @ Market 1.4043 SL. 1.4033 TP. 1.41 1.42 1.44
Buy Limit: 1.40 SL. 1.3985 TP. 1.404 1.41 1.42 I am already short from 1.4125 with tp. 1.40. Round Figure will deffinitely provide some support.