CAD
USD/CAD Analysis Sept-Jan 2017Reasons to be be short:
- Breakout of Bearish Flag
- Right shoulder completion of Head & Shoulders
- Touch of pivot point, 200ma, and flag
- Elliot Wave Correction
- Potential leg CD of a bullish crab forming
- Fundamentals
Please take a look at my crude oil chart description to view the fundamentals behind this trade
Divergence on USD/CADA bearish Divergence on canadian dollar
looking to short this pair after a clear confirmation ,closing below 10 EMA with stops above the high
nzdcad - possible flatConsidering a flat and then a move lower for wave D of the larger ending diagonal. Another high then a turn down. Or if the high is in, sell a correction.
nzdcad - short for CExpecting a turn south here for three of C of the larger pattern. Abort above yesterday's high
usd cad short looking for a short after price penetrates the blue zone...we have trendline and supply zone play here..
GBPCAD Bearish trend comingGBPCAD Bearish trend coming strong resisten 1.75000
Trade duration 2 week - 4 week TF H4
USDCAD breaks out of wedge, but faces tough resistance ahead The Loony pushed through wedge-top/zone resistance confluence overnight, on back of weaker oil and all round stronger USD. Pair has attempted multiple bullish breakouts in the past few months, but each run has led to disappointment - will this time be different? Bulls will be looking to target the resistance zone which stretches from 1.32 - 1.33. Pair will find buyers around the former support zone/broken wedge top. A breach of yesterday's lows would invalidate and put focus back on the wedge bottom above 1.28.
USDCAD Reaching next swing levelI believe the USDCAD is reaching the next swing level. With pivot points lining up and an approaching AB=CD formation coming to an end on an harmonic level, the pair needs to watched closer for a swing entry. Stochastic are starting to top the 21 and faster speeds. These are all starting to signal a good entry location.
The arrow is just the location where allot of signals are lining up and may not be the exact location the pair turns.
The 1.2655 is a strong level and will offer strong support for bulls and the pair to head higher. With that in mind, profit targets for my self will be quicker in this environment.
GBP CAD Short-Level of resistance on 4hr chart.
-Weekly key areas charted
-BoE forecast to keep rates unchanges (so sooner after brexit, doubt they will change rates.)
-2.18 R/R Ratio
CAD short term shortGreen Line: Support and Resistance.
Pink Line: Price Action.
Purple Line: Divergence.
Blue Line: Patterns.
Light Blue Line: Trend.
Advice. Use your Own Strategy.
AUD/CAD Cypher PatternAUD/CAD is moving within a major downtrend and formed a Cypher Pattern. Now you could enter a short Position after a breakout to the downside
CAD/JPY Long Setup / UpdateCAD/JPY broke out of a descending Trendline and tested this line again. This Pair could not break the Resistance level at 78.6. I'll wait for a breakout to the upside and enter my long Position after the breakout.
Always follow your Plan, Daniel
Likes and Comments would keep me motivated to post more Setups
nzdcad - major top nearLooks like an ending diagonal for the fifth and final wave. This would align with eur/cad and usd/cad which should have another move higher.
AUD/CAD will go up?I really thing this going to happend, I'm actually new doing this, so I want to recibe your comments please. Thanks
USDCAD Reversal Trade IdeaA simple idea but trade with caution. Could USDCAD go up for a long trade after this fall? Let's see.
EurCad Big Bullish Potential of 600 pipsXA Is the initial Breakout Impuls of the multimonth Flag Pattern.
ABCD We are seeing another Breakout Flag pattern above the larger one.
ABCD also can be seen as a textbook Gartley pattern.
Natural target would be around 1.50 level.
My entries are: Buy 1.4485 Stop 1.4380 Target 1.4990
To be honest, i am liking this setup very much, and i also think the fundamentals could be in favor of this trade.
Good Luck!
