Trading Ideas
Wed, 23 Aug 2017 17:54:38 -0500
USDCAD might continue downtrend and retest 1.2413. USDCAD is bearish as long price below 1.2607
Wed, 23 Aug 2017 15:17:32 -0500
Wed, 23 Aug 2017 11:40:44 -0500
for H&S only enter if it breaks the neckline
Wed, 23 Aug 2017 08:41:07 -0500
USDCAD, Elliot Wave theory in play. Last motive wave to point 5. I am bearish on this pair, with the target to 1.25 area Reason : - Price retest and rejection on fib level 50% . - Lower low formed on overall trend on 4-hourly chart. - EMA line above, creating a dynamic resistance above - Potential to reach next support points : Short at CMP or 1.2600 area; TP -1.25 , SL 1.2640 area. Risk Reward 1:1.9 Always remember to trade with stop-loss, market is crazy & cunning*
USD/CAD breaks junior pattern
Wed, 23 Aug 2017 08:34:41 -0500
The previous forecast for the USD/CAD pair was wrong on one account. The pair did not need the additional support of the weekly S1 at 1.25 mark to break the junior patterns resistance. After dropping on the release of the Canadian Retail Sales on Tuesday the currency exchange rate found support in the lower trend line of the dominant pattern. The support was strong enough to propel the rate through the resistance of the junior pattern and the 55-hour SMA. In regards to the short term future, the pair needs to break past the 100-hour SMA at 1.26 mark to surge up to the strong resistance cluster near the 1.2640 mark.
Wed, 23 Aug 2017 06:14:54 -0500
the pair corrected to 61 fibo on 4H and made Wedge supported with divergence and H&Ss on 1H TF and its projected to form AB=CD pattern RR is very good in this :)
USD/CAD-/ 4 hour/ ten days of data-/ ending with NFP
Wed, 23 Aug 2017 05:12:35 -0500
USD/CAD- 4 hour ten- days of data- ending with NFP
USD/CAD Daily Update (23/8/17) *Careful with your short positons
Wed, 23 Aug 2017 05:12:08 -0500
I can't help but see the very good support level of 1.2440 area. If you are having a short, just be careful At the same time, do not rush in with he long positions as well, I am planning to send into some long scouts to test water. It is not outright bullish calls yet. Let's see and trade Safe. s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because I'm not monitoring this chart all time.
USDCAD - LONG. Primary Target - 126.700
Wed, 23 Aug 2017 04:27:54 -0500
USDCAD - LONG. Primary Target - 126.700 Stop Loss - 124.800 Signals: 1) Completed Cypher Pattern (H4). 2) Candlestick Bullish Reversal Pattern (D1).
Nice trend continuation trade on USDCAD
Wed, 23 Aug 2017 04:19:00 -0500
One more drop on the USDCAD
USD/CAD Decisive times/monthly/trend-line analysis
Wed, 23 Aug 2017 04:13:38 -0500
USD/CAD Decisive times/monthly/trend line
USD/CAD possible long
Wed, 23 Aug 2017 03:53:20 -0500
Falling wedge formation, currently at the 61.8% fib level. Expecting a higher high. However waiting for a break above the 1.26000 resistance level. Target around the 1.272 fib level.
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