This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
hello dear traders as i mentioned in the chart there is a possible sell trade of the USDCAD we have an ascending chanel with a good supply zone . we enter when we have a sell price action we cal alson confirm whe the trend line is broken . good luck
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Hello, All! CAD FX:USDCAD has been continuously strengthening versus USD since May 2017. The last major breakout of the previous support level of 1.233x occurred on 06 September. After that, the pair was moving inside the ascending triangle which is most likely to be the accumulation phase prior to the next major move. If indicated point 5 is reached, it will...
As you see on the Chart, we break through our TL. If it break Support at 1.2660, then we may have a decent short setup at the retest of Support 1.2660 (which then turn into Resistance). Keep your eyes open..
After the LONG awaited channel break, USDCAD has been dropping relentlessly, but now it is entering the reversal zone. There may be more movement down if the support levels are broken. For now, we should expect it to either go long short-term, a bull run for the long term, or more strong downwards movement after the reversal zone is broken (less likely). S...
Buy above 1.3221. Stop loss at 1.3154. Take profit at 1.3387. Reason for the trading strategy (technically): Price has bounced off nicely from our buying area yesterday. We remain bullish above 1.3221 support (horizontal swing low support, horizontal overlap support, fake bearish breakout) for a corrective bounce up to 1.3387 resistance (Fibonacci retracement,...
Buy above 1.3221. Stop loss at 1.3154. Take profit at 1.3387. Reason for the trading strategy (technically): Price continues to drop strongly and seems to have turned a corner recently. We remain bullish above 1.3221 support (horizontal swing low support, horizontal overlap support, fake bearish breakout) for a corrective bounce up to 1.3387 resistance...
Buy above 1.3288. Stop loss at 1.3251. Take profit at 1.3387. Reason for the trading strategy (technically): Price has dropped perfectly and reached our profit target on USDCAD once again for the third time in a row. We prepare to buy above 1.3288 support (Fibonacci retracement, Fibonacci extension, Elliott wave theory) for a corrective bounce up to 1.3387...
Sell below 1.3485. Stop loss at 1.3551. Take profit at 1.3387. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area and has reached our profit target. We prepare to sell further below 1.3485 resistance (Fibonacci retracement, horizontal pullback resistance) for a further push down to 1.3387 support (Fibonacci...
Pair is undergoing some consolidation after a bear retrace following a recent bull move. Just moved above 200EMA on 15m chart, which leads me to believe we may be in for another bull run. Watch for good entry target around 1.36500 S/R level and stops around 1.35 for very good 4+ RR ratio. Could be the reentry I mentioned in the related idea.
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
reversal off the 78% after bank rate statements. 100 pips back up To C