FX:USDCAD We had a nice head and shoulders and a nice bounced off the fib 50%. I think it will come to the fib -27.
Given the end of the recent downward wave, the current uptrend is expected to change the trend and see the start of the correction process.
Price broke above 1H structure and currently retesting it, what makes this setup interesting is it incorperates multiple confluences that is tempting enough to take the trade, break and retest of a structure, 0.618 fib level retracement, 20 ema moving average, bullish pennant pattern, morning star candlestick pattern. I expect price will reach the 1.27 fib...
Over 19k pips went up here!n backtest that the proof ull find - we never posted a short trade on this pair. EVER! above the spring here We can re buy the trap box as a discounted price to take out the weekly cluster,just like we said 3 years ago! That price will revisit the weekly cluster as more proof that how we analyze the market is effective! As we said...
hello fellow traders my views on USDCAD is short as it reached the resistance zone
HTF bullish but due to recent price moving up correctively i''m still anticepating a drop POSSIBLY to the 90% rule and PROBABLY a 3rd touch OR PRICE MIGHT JUST IMPULSE UP + A CORRECTION CONFIRMING THE BUY
Dz zone buy d3 break Reguler divergent H4 at the top Hidden divergence on D1 retrenchment. Buy decision for thi market
Hello,Friends! USDCAD is bearish right now and I think that market conditions Are right for the move down Therefore, I think it is sensible to go short! Like and subscribe and comment my ideas if you enjoy them!
the price now is out of the up channel so we r searching for selling opportunities wait until the counter-trend is broken _____________________________________________________________ don't forget your risk management follow for more :))
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Currently usd/cad is in a zone on a longer timeframe so you should wait for price to come in selling zone Thank you Jai Shree ram
USDCAD will go down tomoŕrow, because in 2 days daily candle no power to go high. TP at support 22 nov, and SL at fibo 61%.
Based on Dow Theory and Fib Retracement , one day analysis depicts short term long position in the trade. SP is the previous HL and support in Fib. TP is resistance in the FIB.
Uptrend got broken and we're at a LH. LL in the making, be careful though, a lot of news coming.
Hello Traders, here's how I'm watching this pair for a possible downside move. Recently on this pair, we've seen an Head and Shoulder pattern formed and then there have been a correction to the golden fib ratio 61.8% currently I'd be looking forward to downtrend continuation pattern on the H1, H2 or H4 timeframe. We stay reactive nonetheless.
Yesterday NFP news was come in the favor of USD, but market react against the news. This is making sense that USD has no power and by this USDCAD seems more bearish.
Hello traders, Wave 4 has probably ended at 1.36456 zone. Wave 5 is supposed to materialise towards the support zone at 1.31800. Thanks.
hi the market st changed to up in daily and i find some area that i think we can buy and the risk is low good luck