Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
USD/CAD has shown a weakness for weeks and continued the bearish move. The price tried to reverse the trend from the support level of 1.2695 but then faced a big rejection and continued falling before finding support at 1.2612. We see the trend is still going strong and proceeded to break 1.2612 too and did a retest. Once the price continues the move downwards...
After an impulse there was correction (a-b-c)
once again its time to go long
huge return potential
even if the invalidation is breached , patient and capable traders can stick to the LONG trade
Formed a Gartley pattern, which signals the bullish move and also divergence is giving the bullish signal.
Now, It is in a MAJOR SUPPORT wait for the conformation and enter long.
TARGET : 0.382(FIBB)
STOP LOSS : BELOW (A)
If it breaks the support then check the ideas for short.
Overall, USD/CAD is ranging across. Recently, USD/CAD broke below the key level of 1.28.
The Canadian employment data released last Friday indicated a strong rebound in the jobs market from the previous month’s loss of jobs.
- Employment Change (Actual: 336.6K, Forecast: 132.0K, Previous: -200.1K)
- Unemployment Rate (Actual: 5.5%, Forecast: 6.2%, Previous:...
USDCAD bullish trade opportunities
USDCAD BUY trade opportunities its recently have break Resistance trendlinde On H1 and close above its good opportunity for long with very good risk reward ‘Always trade with Stop Loss'
after a fresh impulse wave (i) the market
went into the consolidation cum correction via wxy wave structure .
Now fresh impulse is being generated (with a pin bar on 4H CANDLE )
invalidation levels marked for traders , for investors there is no need of stoploss ..
best wishes ..
Overall, USD/CAD is ranging across. Recently, USD/CAD broke above the key level of 1.27.
USD/CAD’s next support zone is at 1.26100 and its next resistance zone is at 1.29200.
Look for short-term selling opportunities of USD/CAD.
#USDCAD weekly bias looks bearish. The seller’s price of interests are 1.2762, 1.2794, 1.2838
The possible targets are 1.2620, 1.2570
These analysis are based on the current market swing and we update our views based on the upcoming future swings
