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We just broke the resistance on H1 as we change our position from natural to Long (Buy) Entry price: 1.3302 Stop Loss: 1.3270 Take Profit: 1.3385
USD/CAD has broken through the ascending trend line. This is still looking like a great short. Im still personally waiting for a retest of the trend line before entering this trade. If we retest and the trend line holds as resistance then I believe 1.32 will be met very quickly, I feel long term we could be seeing this pair come all the way down to 1.28 You...
USD/CAD is breaking through the ascending trend line right now. This is looking like a great short. Im personally going to wait for a retest of the trend line before entering this trade. If we retest and the trend line holds as resistance then I believe 1.32 will be met very quickly, I feel long term we could be seeing this pair come all the way down to 1.28...
USD/CAD labeled in a Primary degree X (turquoise), within a Double Three pattern in its Minor WXY (purple) sub-waves.
TARGET: 56 PIPS TP1: 1.33278 TP2: 1.33598 SL: 1.32437
TARGET: 59 PIPS TP1: 1.31780 TP2: 1.31562 SL: 1.32579
TARGET: 54 PIPS TP1: 1.32765 TP2: 1.32944 SL: 1.31780
USDCAD Timeframe: 1D Direction: Short Confluences for Trade: - Upward momentum slowing - Price at Resistance Trend-Line (since June 18) - Stochastic Overbought momentum - Fundamentally, Canada's data is still strong, and Canada being a commodity currency was hit when oil price fell drastically, however, our view is that oil price has stabilize around...
USDCAD Formed a 1H BAT pattern and the X point has very strong structure. Therefore Short from 1.31550 Target 1: 1.30485 Target 2: 1.29915 Target 3: Move STOP TO BREAKEVEN and let it run. If you think this analysis can be useful and you want to receive new updates about this idea, click on LIKE button! Thank you for support and trade with care!
The descending line shows us a down trend.Today's candle respected to this trend and made a Shooting star which is a bearish signal. With this signal I'll go short and let's see what will happen next week.
Pair: USDCAD Trade: Short Time Frame: 4 Hour Strategy: CYPHER PATTERN