Elliot Wave Theory spotted on the weekly chart, I'm expecting USDCAD to drop around 1.2000 to complete the 5th leg of that Theory. 800+pips potential
IF UCAD reaches this FIBO .786 I Will retry to buy again. My first buy will be stopped out but that's fine. I expect this move before it continues bearish.
USDCAD / LIBRA PATTERN Now wait for Right Tray confirmation
As long as the 50 EMA on the 4H timeframe holds as support, we can expect USD/CAD to move up. This is the continuation pattern. We can also see good bullish momentum on the daily chart. Trade safe.
Currently hit resistance, possible we get a drop to target. Wait for more confirmation. Currently on uptrend so be wary. Thanks for viewing!
The USDCAD is in my opinion in a WXYXZ formation. There, the loonie is already in the X2 and should form a abcde correction. This is already in the final stages and should fall within the e at least 1.25 or lower, which is a very good move for a currency pair. At 1.20, the e and thus the X2 could find its end. Once this has taken place, a strong devaluation of the...
Hi traders, USDCAD is still Bearish . Don't miss this short. It has a huge potential. As per my analysis, price action shall further move up to the below targets. Entry: 1.31608 (or) Entry @ CMP Take Profit: 1.28608 Stop Loss: 1.32358 Risk Vs Reward Ratio: 4 Go short the USDCAD ; Good Luck
There is a major resistance level at 1.3300 to 1.3250. if price touch this level and candle close under the resistance level then we can go for sell. Note: This is my opinion only. i post only for ideas or education purpose.
This pair is bearish for me looking at the weekly chart, strong bearish candle inside an ascending channel. Therefore bearish short term. A break of the lows inside the yellow box could run it down to 1.25500 support, but a pullback is needed first! Just be wary of double bottoms and tops being formed which are also apparent on the daily timeframe too.
Looking at USDCAD H4 Chart, clearly it's been a strong downtrend for few weeks and created a 8-weeks low at 1.25249. Beginning of last week USDCAD was clearly showing a strong selling volumes control over the market and the momentum stopped by 11/4/2018 and over here I would assume that most of the selling volume had TP. Thus, with the information that I have...
Short Resistance Zone previously rejected multiple times. At 0 Fib.