Here I have observed a short opportunity on the USD CAD the pair look to be holding at resistance with a really intriguing reversal pattern lets see how the close of this month plays out I'm going short at the 1.27800 level with a down side target 1.27000 level or below.
Here I have observed a short opportunity on the USD CAD the pair look to be holding at resistance with a really intriguing reversal pattern lets see how the close of this month plays out I'm going short at the 1.27800 level with a down side target 1.27000 level or below.
This Pair is in a beautiful channel, price is looking like it will break the channel to the downside, even now it is short for next week if broken bigger fall
USDCAD Short. * The chart has broken previous daily resistance, however buyers seem to be stalling. Watch that daily candle close for confirmation. Scale in. * SHORT TERM TRADE * continuation trade to the Downside. Target : 1.23544 STOP Loss : 1.25508
USDCAD Already being up 170+ Pips on UsdCad looking good :) Any who our BC Leg finally came to a halt at the 88.8 harmonic ratio. A few things to consider is -The Breakout on the 30 min of our purple trend line. -UsdCad Reached a Zone on the H1. -Use your levels as potential TP Levels -With the CD Completing we will be looking for about 200+ Pips. Lets Eat :)
The pair seems to have formed a downtrend channel and I am trading the Fibonacci cycle to the 1.618 Fibonacci Extension Level. Reward Risk Ratio 6:1
There is a possible cypher formation on the 1h chart. if it's complete we will open 2 positions. Tp1: 38.2% Tp2: 61.8% if we hit tp1 we move the stoploss to breakeven. Have a good trade!
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
SELL USDCAD from indicated zone, Risk takers can sell now Good luck