As you can see, the price swept the liquidity below the previous day's low and shifted the market structure. Now we can expect that the price move lower to collect the inducement and then move higher. We can define buy-side liquidity as the first target and the previous day's high as our final target. Please pay attention: We need LTF confirmation in this...
Hello, traders here is an analysis of USDCAD as you can see the market has been neutral for the past weeks and months and now I am waiting for the market to decide on which direction it chooses. I have two decisions first, if the market decides to go up I will wait for It to break the resistance zone then retest it then I will look for buying opportunities, Second...
(This post is to be a collection place/"container" for all CAD - Canadian Dollar - and related pairs. ------------------------------------------------------------------------------------------------------------------- After weeks of consolidation near the bottom of a rising, long-term, weekly price trend channel, the USDCAD looks to be poised for a near-term,...
We can see that EURCAD has been on a downtrend since the last week of August. With Oil prices rising I think the fundamentals for the Canadian Dollar continue to look good, the EURO on the other hand doesn't have much going for it. I have noted a break through support and looking for a short any time soon, there's minor support at 1.402 which will be my target,...
GBPCAD have been on a bullish move since last year, and currently is on a bullish continuation pattern, which indicates that price might go bullish for a while again. Now let's have a strong look to the long wick we can see below, that's huge liquidity and is expected to be taken. So how do price get to that zone? It first have to go bullish and hit the...
The tradeWELL FX algo printed an entry-with-trigger on long GBPCAD on 08/01 with entry between 1.56667 and 1.56917. Initial target at 1.59838 with stop at 1.53496 trailing. I actually entered late and into the 1.575 resistance. Recent price action forming what appears to be a cup-and-handle with fairly distinct rounded bottom. Counter-trend trade, so precarious.
UsdCad is expected to fall due to higher oil price. CanadianDollar strengthening.
If we see oil breakdown further we could expect eur/cad to make new highs, as usd is weak, euro will be stronger. backing fundamentally this technical set up.
UsdCad is bullish. Both alternatives are bullish. Up to 1.5 at least.
UsdCad is seen following the bullish trendline respectively. However now seen retracting on top trendline for a good sell back to bottom trendline ,..Then wait for reversals before buying back upto 1.32600. As long as no break of trendlines follow analyses respectively, Please comment and share your ideas on this particular pair too. thanks!
Looking for that break above the red ribbons. 200 MA broke 33 MA above Currently pinching for direction on daily but long term looks like up via technical data.
Price has reached weekly support level, along with the bottom of the big picture triangle pattern. Price is rejecting off this level again & looks like buyers are about ready to push price back higher from off this support level once again.
Eurcad has a nice upside move to it. We have an impulsive move and corrected back to the bottom. I expect another wave back up to 1.49 zone and/or farther.
I am eyeing USDCAD to sell again... (Will wait for a continuation signal before I enter) Currently in a buy from the bottom daily on cadchf. TP around 78.50 SL below Aug 15th daily low by 25 pips or so... Please trade with risk management as always. Ideas are Ideas not truths...keep your probabilities within range and dont overleverage. 90% of my trades...
D1 -->> pullback to support --->> a break below the cloud invalidate buying CAD
Price has impulsed down twice on daily. We are looking for a 3rd drop since price has retested 1.35 zone and failed to hold. There is strong resistance on the hourly and lower frames with a consolidated sell flag accumulating as well for a trend continuation. I am looking a nice pullback up and a solid fail around 1.33 to enter short.
The price action was moving within a symmetrical triangle and after hitting the support it made double bottom at the support of triangle. In the meanwhile the price line had also completed the formation of gartley and entered in potential reversal zone moreover the volume profile is also showing a very low interest of people to trade below that area. The double...