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#USDCAD daily bias looks bearish. The seller’s price of interests are 1.2766, 1.2786
The possible targets are 1.2693, 1.2673
These analysis are based on the current market swing and we update our views based on the upcoming future swings
According to elliott wave rule , in an impulse wave 4 cannot intervene into the the territory of the wave 1 . The current structure shows that USDCAD is forming a wave 4 & is likely to end soon. One should go short on any rise keeping SL of 1.2595 & look for the target of 1.2285 and 1.20500 and below.
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#USDCAD Intraday momentum is bearish. Sellers price of interest are 1.2713,1.2720,1.2732
The possible targets are 1.2640,1.2609
These analysis are based on current market swing and we update our views up on the upcoming future swing
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USDCAD : An impulsive fall from the level of 1.2950 & an expanded flat formation in abc pattern peaked at 1.2896 suggests that USDCAD is ready to continue its long term bearish trend . One should go short with SL of 1.2896 for the tgt of 1.2400 / 1.2250 and 1.2000
USDCAD : An impulsive fall from the level of 1.2950 & an expanded flat formation in abc pattern peaked at 1.2760 suggests that USDCAD is ready to continue its long term bearish trend . One should go short with SL of 1.27650 for the tgt of 1.2400 / 1.2250 and 1.2000
Hello guys in had find this quick trade in 15m timeframe and its hitted resistance we have a good high RR trade we can short with above sl and below tg also do your own analysis before taking any trade thank you
The price of the counter USDCAD is retaining below the resistance trend line. The trend line has been tested thrice at prices of 1.2634, 1.2630, and 1.2621. The price is still under the resistance trend line and there is no indication for a breakout. Today the price started moving downwards and the selling pressure of the market may pull the price...