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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.
USDCAD having a potential setup for sell with some good RR
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