CAD
USDCAD SELL IDEA USDCAD is in a corrective structure which is a 3 wave correction until now but it may go for a 5 wave correction before breaking. I'll be selling the breakout when it happens, and if you're already in the sell, I suggest you put it to breakeven in case it decides to go for a 5 wave corrective structure before the next impulse down.
eur cadsame set up as posted before but pointed out the double top...
our second chance after trendline break ...rsi still very nice divergence
USD/CAD LongStochRSI is oversold on 4H
Retraced and bounced off of 61.8 Fib Level
Enter @ 1.30792
Stop Loss: 1.29956
Take Profit: 1.32226
7/31/16 - USD/CAD - LONG - "ABC PATTERN COMPLETETION"After capitulating last friday bulls are poised to take back some ground lost.
Overall my trend bias is bullish
My prediction is that price action will AT LEAST hit psychological level of 1.31000
Retrace a little bit and then sky rocket to a FIBONACCI CONFLUENCE
- MONTHLY 38.2% RETRACE
-1.271 FIBONACCI EXTENSION
Potential Cypher Pattern USDCADHello Traders ,
We have a potential Cypher Pattern if price pulls down to our entry level @ 1.3072
This is a trend continuation trade. I am looking at our entry level acts as an area of minor and major support.
Target 1@ 1.3135 (63 pips from entry)
Target 2 @ 1.3179 (107 pips from entry)
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Short on USDCADOverall we are bearish on USDCAD. After the FOMC statement there was a big rejection of the monthly level ~1.325.
Due to this it has also formed a double top if zoomed out from highs from March. I am already short with target levels as indicated. If we close strong above monthly level, analysis is invalidated.
Risk Reward
1st Target: : ~1:2
2nd Target: ~1:10
3rd Target: ~1:13.5
-Best Regards and safe trading
EurCad Shortare we able to see a nice short here?!
entering after trendline break or strong bearish PA candle...
upward trendchannel ...touching the ressistance from daily point of view and we see rsi divergence...odds are good for a short trade here....if ressistance cant hold set up is invalid..
stay patience and alway be winning ..
cap-jpy selling opportunity it is good to sell cad-jpy because big new BoJ Monetary Policy Statement will come from japan on thrusday and friday BoJ Outlook Report (YoY) then finally BoJ Press Conference.
yen is expected to become more strong.
yes it may be risky trade so you should add stop loss at 81.00
EURCAD Potential Long PositionPotential retracement to hit 21-period moving average as support to continue bullish movement following the earlier reaction to the economic news in germany. (note: ADX also lies above 15 level signal strong trend)
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Don't miss this one on USDCADBeing ranging for couple of weeks and squeezed in the triangle the price has finally showed us where it wants to go. We've had a massive break above the triangle and now retracing/retesting the level as resistance. So many confluences on the higher time frames showing the bullish bias and it's a perfect opportunity to be with the trend! So according to the rules of the graphic patterns trading, we will have our target at around 1.39000 level which is a confluence with our weekly ascending trend line. We might see some struggle at 1.33180 level as it's out monthly key resistance, so if we'll have an opportunity to enter in this trade today make sure that you'll have your trade at breakeven when the price will be approaching that level.
AUDNZD reversal setup on H4AUDNZD have just confirmed the reversal, the price lost its momentum and stalled at the support area. Nothing to add here ;)
AUDCAD Sell opportunity on dailyReasons to sell:
- Leaving daily supply zone
- In line with downtrend (demand zones being broken on smaller timeframe)
- Favourable risk/reward
aud cad short iam watching this baby here for a potential short reaction....
entering after price penetrates and leaves the selling zone again.
breaking the zone leads to invalidation..
this is more a "analys2 watch"trade...im not 100% concerned about it ..but with a smaller position size then usualy its ok i think.
letz see
Sell NZD/CAD breakout below 0.9255US Dollar firmer ahead of FOMC, which is not supportive for commodities and hence commodity currencies.
The Fed is expected to keep its rates unchanged at today’s meeting, while a more constructive tone is seen from the statement.
The pair is down 0.21% on the day, finds strong support at 0.9255 levels.
Break below could accentuate weakness, test of 0.9145 levels then likely.
7-DMA at 0.9298 is immediate resistance on the upside, break above will see further gains to 0.9340 levels.
Techs on 4H charts support downside, RSI and Stochs biased lower.
Good to sell rallies breakout below 0.9255, SL: 0.93, TP: 0.92/ 0.9150
