Wait for the meeting in CADAs I published early this week, tomorrow will be the Bank of Canada's meeting, the market doesn't wait a particular change, so the reaction of the pair USDCAD , will be affect by the stimulus and economy outlook.
Cadshort
CADJPY: potential trend reversal''SELL MARKET ORDER''
Asset: CAD/JPY
Date: 06/09-2020
Timeframe: 2h
Risk: 3%
Why sell?
Gartley '222'
bearish hidden divergence
Fibonacci triangle
This pattern happens to be a Dark Cloud Cover on the daily timeframe:
Good luck to all trading this pair!
Usd/Cad Possible BullishHello Sirs.
due to Purely technicals It seems like Usd/Cad might be bullish on the Weekly.
We have an inverse H&S. with the neckline been broken on heavy volume. currently testing the neck again for a double bottom. Great R/R position available.
im on a 1/5. feedback is more than welcome. atleast say hi.
CAD/JPY shortCAD/JPY short after breaking the trendline and the resistance ..and retest it.. so..sell is the right idea now...
EURCAD, the Long entry is coming!!!Be attent to this value because when the pattern breaks, we have a good long entry, at least the value can arrive to the motnhly, the second entry will be the short one and it could be one of the best swing entries of the next days.
AUDCAD - Buy 06/02/2020Friends, please before reading, support this idea with your Like and any Comment, thanks.
You can buy AUDCAD from 0.8943-0.8927
Stop-loss at 0.891
You will find more trading ideas in SAV Finance community.
NZDCAD - Buy 05/02/2020Friends, please before reading, support this idea with your Like and any Comment, thanks.
You can buy NZDCAD from 0.86-0.858
Stop-loss at 0.854
You will find more trading ideas in SAV Finance community.
EURCAD - Buy 05/02/2020Friends, please before reading, support this idea with your Like and any Comment, thanks.
You can buy EURCAD from 1.462-1.46
Stop-loss at 1.457
You will find more trading ideas in SAV Finance community.
USDCAD LONG 3R - 1.3350 is unevitable. Very strong daily trend upwards imo. Clean highs at 1.3350 is like a magnet for price..
I'll be looking for a long entry between 1.3225-1.3235.
Why? (Confluences)
- Daily OB
- 705 fib
- 50EMA
Invalidation below last swing point.
CADJPY More Likely SHORTOur 4Hr chart shows a shallow downtrend since the start of August; since then the trend has been so shallow CADJPY has ultimately been consolidating. Looking for a breakut we will use our resistance as we are down-trending. Our Resistance line shows we are at the top testing our line for the 5th MAJOR time. With no avail to proceed past. We will use our 1000 Range chart to determine the direction of the break. Knowing each range bar is the same size we can determine whether a break to the top or bottom is more likely. The red range line shows the potential move to the downside which lines up exactly with the last large support bounce. The black range bar shows upside potential, the upside move would have to fight harder and break the trend in order to succeed. The odds favor a downside move to $79.152 after a rejection at the resistance.
LNP Investments FX:CADJPY
USD/CAD Short [Daily]Clear broken support which now becomes resitance and bears taking over. Smart money probably pushed the price a bit higher so that buyers enter but as I mentioned its a clear broken support which is now resistance. Price will go down.. Great risk/reward. Catch it & enjoy my friends!
CADCHF - SHORTLooking at this pair, I will be going short should the 4hour candle indicate a downward trend.
What's your take?
TriforeX
USDCAD long on 240The Market has been pretty bearish for USDCAD but the trend line broke and retested forming an inverse head and shoulder pattern on the 4h candle .It possible it could go all the way up to 1.31935 before a pullback can occur.
Good reversal SELL pattern at CADJPYUsually CADJPY has positive correlation with BrentOil (attach idea at the bottom)
Sell 83.389
SL - 83.64
TP1 - 82.93
TP2 - 82.24
TP3 - 81.98
TP4 - 81.65
RRR - 1:6.6
Short-Term Long, Long-Term ShortWhile a number of technicals point to a bit of an upside trend, this should be limited by short-term resistance followed by a correction back to the long two-year channel that has formed. Daily FX's Nick Cawley called this the trade of the year to short this pair. So far its not panning out. For more, check out www.anthonylaurence.wordpress.com
