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USDCAD - watch for correction up, probable target 1.407 - 1.426As predicted in our April 22 post, the pair changed direction and corrected to the current levels. USDCAD is tracing wave C of a triangle that initiated in 2016. This wave is also subdivided in 3 waves (ABC). It now seems to have finished wave A down and it is starting wave B up. The most probable range for the correction is between 1.407 and 1.426. If price crosses dow 1.333 this analysis should be reviewed. FOLLOW SKYLINEPRO TO GETUPDATES.
Long
by SkylinePro
$TLRY can rise in the next daysContextual immersion trading strategy idea. Tilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis. The demand for shares of the company looks higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $10,29; stop-loss — $8,90. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:TLRYLong
by KozakHlib
CAD POLOZ SPEECH TODAY MAY 25TH - NZDCAD POSSIBLE BULLISH MOVEFX:NZDCAD AS WE ENTER THE LAST WEEK OF THE MONTH WE'VE SEEN BULLISH ACTION ACROSS NZD AND AUD BASED PAIRS POSSIBLE CONTINUATION WHILE WE ALSO COULD SEE FUTHER DOWNSIDE PRESSURE IN OIL OR CAD ITSELF DUE TO THE STATE OF THE ECONOMY AND PRINTING OF $$$$. HOLD ONTO YOUR HORSES, IT'S ONLY MONDAY TRADERS! CHEERS JOIN US IN THE TELEGRAM ANALYSIS GROUP WHILE ITS FREE! *RECEIVE UPDATES ON MAJOR GLOBAL EVENTS *DAILY FX CHART ANALYSIS* *EDUCATION* *ACCESS TO TRADE CAPITAL* t.me #POLOZ #CAD #FOREX #MAY24 #VICTORIADAY #FOREX
Long
by EvaultFinancialGroup
1
XAUUSD- 2 SCENARIOSOANDA:XAUUSD Hello guys ! For a month the gold market has been in range! From this point of view the price aims, the resistance of the range. It is also important to underline the formation of a symmetrical triangle which of which the break can be a strong upward movement. However if the movement is not strong enough to break the range up we will see a downward movement to seek support for the range! INDICATIONS: The key zone is 1737.018, If there is a breakout we will go back to buy but if there is a rebound we will sell DON'T FORGET TO LIKE ME IF MY IDEA HAS BEEN USEFUL! DON'T HESITATE TO SUBSCRIBE TO MY PROFILE! THANKS AND GOOD LUCK!
OANDA:XAUUSD
by ANSELMEEUSEB
1
USD/CAD triangleHello everyone, I spotted a descending triangle on the daily chart of this pair, which is usually followed by a move down after the breakout. As you can see, the neckline of this triangle is around 1.385-6. A breakout of this level might take us to a projected 500 pip move down as per the measurement strategy, to levels near 1.335-1.345 which happen to be the daily gap back in March, and usually gaps tend to get filled. This move might be supported by crude oil prices which are now stuck in a rectangle formation (gonna post about that later on) and looks light a breakout to the upside is about to occur. I don't advice any trade at the current level because prices are still mid levels in the triangle. Good luck
by RamziAbouAbdallah-CMT