USDCAD Forecast IMO Give a Like and Feel free to share your opinions in the comment! Happy Trading 😊
if we break previous low if might get 1.2609 from the level 3 drop
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
USDCAD Short R/R: 1:4 Feel free to share your opinions in the comment!
USD/CAD TRADING IN A NICE CHANNEL PATTERN ...EXPECTING PRICE WILL REVERSE FROM HERE TO THE NEAREST SUPPORT SL WILL BE 30 PIPS FROM HERE AND TP WILL BE 80 PIPS TILL SUPPORT 1.24634..
So after the NFP, we didn't expect much momentum in the market and we have ISM Services PMI. I'm expecting negative reports according to my strategy.
USDCAD After a huge downwards trend it started to go up after creating Double Bottom. so every drop buy when u want to have a profit
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
Usdcad sell as it made equal highs, stop run and clean break of structure
DESCRIPTION: 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...
entry zone can be found in low time frame, stay tuned I'll update
Trend is full strong for sell down .. The caldlestick conformation...
Please check the Long term analysis for the bigger picture; As per the bigger picture we know there is a Flat structure forming and hence we will have a downward Impulse; In short we will have a 5 Wave structure formed in the downward direction; Below is the Wave 1 complete picture verifying every Wave in the Wave 1 which confirms completion of the Wave 1 and now...
We see a downward Impulse complete and then a Correction ABC, in the upward direction which is Wave A; Wave B will be a downward correction as Wave B is in counter Trend direction; also we see in Wave B we have a Wave A as a 3 Wave structure Wave B also is a 3 Wave structure hence Wave C will be a downward Impulse and thus Wave B will complete. Hence we are...
The Market has a clear RSI Divergence in the 2 hour time frame & we have a CAD news coming up tonight. The Overall Day trend in Downside & Potentially its time for a Reversal. The Market has respected the Pitchorks' previously in this entire trend. Lets wait until we get a clear candle confirmation in 1hr time frame. Let me know if any. Regards, Kishore Frederick