Hello Traders!
Suggest you, take a look at the USDCAD (6C) currency pair, in terms of the Elliotte Waves, Fibonacci, Market Profile, Volume, Cluster&Delta analysis! We hope that our modest work, will help many traders in the World to find the way of truth in future market prices! (We are sure, that you can predict better, than this one)
Have a Nice Trades &...
Long USD/CAD @ Market 1.39357
Stop Loss @ 1.39
Take Profit @ 1.399 and 1.405
Good Risk Reward deal...
Since ucad rose from 1.333... 20 ema on 4hr has worked as trendline and never been taken out... So now 20 ema is close to 1.3907 and it is exactly yesterday low as well...
Ucad is right now at 4hr rising trendline.. so any pullback towards 1.3915 will be...
Been watching pair closely as a Canadian. Been holding some USDollars since '13. Exchanged at bank @ 1.07
Reasons
10 Year Historical Resistance Incoming
Wolfe Wave Completion
Impulses in Elliot look healthy
RSI Divergance
Keep watching.
FX:USDCAD
Harmonics, Bat & Gartley patterns, basic AB=CD and H&S;
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
GARTLEY
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8% AD
Safe Trades;
A few days ago I shared an idea looking at the USDCAD predicting that price action has an opportunity to go as far as $1.40 before hitting any significant resistance. On that post I was looking at 2 levels, a main potential reversal zone and a smaller potential reversal zone in which I had an aggressive reason for entry.
Well, price action just missed my entry...
USDCAD has been a pair that I've had my sights on for a while now. After clearing our previous level of resistance I see nothing in the way of $1.40. My optimal reversal zone starts a little bit lower around the 1.3420 level but any chance I have to get long, i'm going to take and will be certainly keeping a portion of my position on for the bigger potential move...
FX:USDCAD
With point C for Bat pattern already validated above daily resistance D1, a lot of expectations here. I believe last friday candle was an invitation for bulls to join...
Bat pattern point C must close below point A to still valid, breaking the weekly resistance(W1) invalidate the bat but open prespective of one eventual cypher with an 141% extension,...
This bullish H&S pattern will cause a decent rally, should the bulls take out the neckline.
Take profit and stop loss levels are shown on the chart.
Good luck,
Ali Sharif Azadeh, CFTe
We have a nice bullish gartley on FX:USDCAD .
Stops go below the structure support level and targets are 38.2 and 61.8 fibs
As price has big momentum, price might break 1.3233 level and then rally up.
Avto_T
Green Luck
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FX:USDCAD
I don't know for sure it the price forges point B below or above 78.6% but it seems below...
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D: (Buy option)
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8% AD
Check previous published ideas:
Check Ratios:
Safe Trades;
This is a Cypher pattern completion trade. Price is trading side-ward and now retesting previous highs where we see some resistance.
Since the Risk-Reward ratio is less than 1 if enter at .786 (as I add 25 pips for cut loss at X-leg), you could wait for at least 1-1 ratio for an entry.
Any thoughts?
A DAILY CLOSE ABOVE RANGE RESISTANCE INDICATES POTENTIAL FURTHER UPSIDE, A CLEAR BREAKOUT OF LONG TERM RANGE EXPOSES 1.2520's
THE 150 DAY MA THAT WAS PREVIOUS RESISTANCE ON 4H CHART HAS BEEN BROKEN, A POTENTIAL MA CROSSOVER TO THE UPSIDE CANNOT BE RULED OUT EITHER - ADDING TO FURTHER CONFIRMATION OF UPSIDE POTENTIAL
A RETEST OF PREVIOUS RESISTANCE TURNED SUPPORT...
Please leave me your comment whether you agree or disagree so we can open an discussion or if you like the chart just simply like it. Thank you for your feedback.
As WTI rejected $59 mark this might help USDCAD to gain some momentum and move from oversold levels up towards 1.255 that played resistance for last few days.
I expect price to move within a range and...
Here we got a Bat pattern with trend, RSI is about to be oversold so look out for the price action on this one.
Hope all you that check out my ideas followed the ramp we were on last week with 8 winning trades and zero loosers and 530 pip profit in the bank. I´m interested in opening a harmonic pattern chat room here on TradingView where we can change ideas and...
UPDATE : STOPPED OUT. I AM NOT TRADING THIS IDEA ANYMORE. BUT WONDERFUL PIN BAR FORMED ON H4 D1. WORTHY OF TRADING.
W1 TELLS US THAT THE BULLS ARE STRONG.
SO I WILL BE TAKING LONGS ONCE PRICE GIVES ME A GOOD RISK REWARD.
I WILL BE LOOKING FORWARD TO THE BREAK BELOW THE INSIDE BAR
FOLLOWED BY H4 CLOSING BACK INSIDE THE INSIDE BAR
THIS SIGNIFIES BEAR TRAP AND WILL...
While I like the short of this pair much better, price still illustrates that this pair is range bound. Will consider a smaller position size on the long. Confirmation of a continued uptrend will occur on breakout above 1.28500.
LIKE MOST OF THE PAIRS, I'M LOOKING FOR THIS TO FALL A BIT AND RISE, HOPEFULLY IF I GET SIGNALS I CAN GET ALL 3 MOVES. I'LL HAVE TO DETERMINE THE THIRD MOVE AFTER.
FOLLOW UPS IN COMMENT!
