Canada
CADJPY - SHORT IDEAHello all - another idea here. I am predicting this pair to sell on this area. Let me know your thoughts.
TSX - Canada - short-term gains on the wayTSX is tracing minor wave 3 of intermediate wave C of primary wave 2. This last leg up should elevate prices between 14,200 and 15,000 before the long-term trend continues down in primary wave 3. FOLLOW SKYLINEPRO TO GET UPDATES.
Dream Office REIT Canada - opportunities for up to 30% gainsD.UN finished intermediate wave (B) down and it's preparing a great positive move in wave (C ), most probably to the same size of previous wave (A) move, you should wait an increase of volume as prices move upward before entering the position. We will post updates here. FOLLOW SKYLINEPRO TO RECEIVE UPDATES.
Allied Properties - CAN - potential for up to 20% in profitsAP.UN is tracing a intermediate wave (2) and it seems to have finished minor wave B. The next move should be the final leg of this ABC pattern and should push prices to the same increase of the previous minor A wave. You should keep alert for a rising volume accompanying the price move in order to enter the trade. FOLLOW SKYLINEPRO TO GET UPDATES.
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!
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
more potential the ENB stock will down more potential the ENB stock will down just 40.50 or less prices while next days
TSX Compositive Idx - Canada - up to 10% gains in the short-termTSX seems to be tracing intermediate C up. The most probable target is at 1x or 0.618x the size of intermediate wave (A). If 1x, the gains will reach 10%. Keep tuned. FOLLOW SKYLINEPRO TO GET UPDATES.
USD/CADInteresting area to look at. We are currently in a downtrend but coming down to some major support. Will wait for a retest before taking any trades
USDCAD short scenario OIL FLOWTechnically facing supply and sellers entering since downward arrow.
Fundamentally, the CAD is due to gain back some value as oil beings to recover.
DXY being squeezed into the 100s.
PCLO | Are we going to Rise ? PCLO, Looking like a good accumulation/ Buy opportunity. Looking for swing targets Of Mid $1.50-2 & $4-5. Let see how this plays out !
USDCAD - possibility of more than 10% of loss aheadUSDCAD is tracing primary wave C down and should target levels below 1.30. This scenario should be void if prices crosses up 1.47. FOLLOW SKYLINEPRO TO GET UPDATES.
AUDCAD What to Look Out For Going After the WeekendThe price is oscillating here between a zone of support and a zone of resistance. Going into the weekend these are the most important areas to look out for.
We can see that the price bound off the 0.5 fib level just now with a really strong green candle. In general there seems to be an upward move happening on AUDCAD with a small slowdown in the last few days.
I will give a bullish advice here, and expect that after a small retracement the price will break through the resistance.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
USDCAD ShortUSDCAD printed a bull spike off of the 1.38600 area to the 1.4100 price region, we could see bearish pressure back down to that level with 1.39800 being our first target level. Then back down to test that support area around 1.38605.
USDCADIt looks like we are ahead of a further continuation, pretty good to trade on smaller timeframes.
USDCAD IS BULLISH BY BUILDING WEDGE PATTERNThe forex rising wedge (also known as the ascending wedge) pattern is a powerful consolidation price pattern formed when the price is bound between two rising trend lines. It is considered a bearish chart formation which can indicate both reversal and continuation patterns
DAILFX.COM
