The USD/CAD pair is currently in a downtrend. It has completed its 4-th wave of the Elliott wave by forming a bearish flag. Hence we expect the pair to head south from here to 1.29093 levels.
after abc move in z leg,,bigger down trade coming guys.acoording to elliot no correction after wxyxz,after taking a short term buy get ready for biggerone
The USD/CAD pair has formed a bullish flag pattern in the daily chart. It has given a valid breakout and is currently retesting the broken flag line. The retesting zone also coincides with the 21-EMA which can also act as a good support. Hence we expect the pair to be bullish and the retesting zone is a good entry point for long trades.
and wait there bearish reversal candle like pin bar or engulfing candle..wait to breakout the channel
The daily chart of USD/CAD has formed a bullish flag pattern. We expect the pair to make a upside breakout. On the contrary the pair can witness a strong down move if it fails to make a breakout.
The Day chart of USD/CAD has formed a flag pattern which is a trend continuation pattern Buyers can take a position now with the Minimum target up to flag resistance.
The cross-price action and the underlying study RSI has been capped. We expect further weakness is anticipated to 1.3000 and 1.2950 and even lower to 1.2850. Weekly pivotal finds at 1.3050 with resistance have seemed at 1.3120 and 1.3175. Trade: Sell at 1.3120 stop loss slight above 1.3175 targets 1.3000 and 1.2950. The selling pressure accelerates once it closes...
USDCAD on FXCM exchange is approaching its resistance down-trend line. Which opens a wonderful opportunity with a tight stoploss. Sell USDCAD on FXCM exchange in the range of 1.31700 to 1.31730 with Stop-loss of 1.32032 and Target of 1.30468
The 4-hour chart of USD/CAD has broken its downtrend formation. It has made a higher high and also broken the neckline of the head and shoulder pattern, which initiated the downtrend. We advise the traders to catch the trend early when the pair makes a dip. Traders can long on a dip when buying cues cast on shorter time frames.
The 15 min chart of USD/CAD has formed a full elliot wave. It is due for an ABC corrective wave. We expect the make a strong bearish move in the short term.
we have a pattern of 5 bullish waves finished that in turn make the wave 1 of greater degree, we come sold from the wave''a '' (you can see previous ideas) apart from that we have a pattern three daves in movement and a butterfly that already touched its first tp .. when the three daves are completed we will have completed the abc retracement and we can take...
Alright traders... as its too late to post this.... but any of the trader wants to enter they can still enter... as we have couple reasons to sell this pair... Firstly, the stochastic crossover.. Secondly, the hidden divergence... Thirdly, the gartley pattern...
In Hourly, price closed near the price range that acted as a support during the day. 1. USDCAD did a breakout and then pulled back to 1.30790 Levels on weekly charts. 2. Price has a nearby support of 61.8 % Fibo Level on Weekly. 3. Stochastics - Oversold on Hourly. Lastly, risk and reward is pretty favorable, I will wait to see how it reacts at the opening...
In July a new MPP was drawn. Currently it is the situation that it will rise again with the support of new MPP (P) 1.31266 neatly. Even if looking at the weekly chart, It have been slowly raising it for nearly 10 months. Weekly chart As a provisional up trend, I'd like to simply place a long. << tactics >> 1) MPP (P) 1.31266 functioned as a support...
The daily chart of USD/CAD has formed harmonic shark pattern AB=CD. The daily chart has also formed a long engulfing candle. Also in 4-hour chart a double top pattern has been formed. So we can expect some profit booking in the counter and a long retracement could be possible.
It will touch the area where the sellers start to enter to the market which is the higher low. It will retest. And if the below trendline broken, it will become seller zone.
Points to note: 1. Good momentum 2. Broke previous swing higher high 3. No sign of reversal 4. If that green line is broken then long for first target at blue rectangle and then second green line.. 5. If reversal is seen short for targets at orange lines..