GBPCAD: Sell opportunity !!! (Details on caption)Well, the price hit the HTF FVG and shifted the market structure in the hourly chart, then respected the bearish FVG and created the bearish order block.
Now we can expect the price to trade to the bearish order block and then continue the bearish move, in this scenario, we need LTF confirmation for entry.
💡Wait for the update!
🗓️10/07/2024
🔎 DYOR
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Candiandollar
Royal Bank of Canada: Bearish Diamond AnticipationRoyal Bank of Canada has confirmed a Diamond Top pattern on the weekly, along with a breaking of the Moving Average. Upon breaking down, I think it will start a move down all the way to the 88.6% Retrace, likely near $46. Since the Diamond is a Neutral pattern and we have not gotten an official breakdown yet, I will still be on the lookout for a breakout in the other direction, but I'm primarily positioned bearishly in puts.
GBPCAD - BULLISH DOUBLE BOTTOM📈Hello Traders!
On The Daily Time Frame The GBPCAD Reached a Strong Support Level and 0.61 Fibonacci Retracement!
Currently, The Price Formed a Double Bottom Pattern.
The Neckline is Broken🔥
So, I Expect a Bullish Move📈
i'm waiting for a retest...
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TARGET: 1.72950🎯
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AUDCAD - BROKEN CHANNEL📉Hey Traders👋🏻
The AUDCAD Price Reached a Major Resistance Level (0.91064 - 0.90637) and Formed an Ascending Channel✔
Currently, The Price Reject To Create New Higher High, The Last Higher Low is Broken (Break of Structure)
Moreover, The Support Line of The Channel is Broken!
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 0.88315🎯
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CADJPY Just Kicked Down The Wedge Whats NExt?Hi, Guys What I am Seeing In This Pair is that it Will Pretty Nearly Go Down In The Next Week So Lets See And Be Ready!!
Location : CadJpy H1
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USDCADClearly, the dollar is gaining against the Canadian dollar and long USDCAD is a bit crowded at the moment. Moreover, we have upcoming Canadian economic growth (GDP) coming out this week which is expected to be stronger than the previous period at 1.5 percent from 1.1. percent. That is still pretty weak though, it doesn't come out until Friday, and there is plenty of other pressures, event risks, and themes that will likely play into trading this week. Overall, a weekly trend trader should go long while one expecting worse news in the global growth slowdown story to short. For those a bit cautious, just stay put however my general assessment is short.
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USD/CAD, DAY CHART, SHORT (16-JAN-2017)Note:
We are more bearish on this pair now.
There is a potential Double Top Setup.
Let's see if it is able to break the neck line at
1.312 level
Here are 2 trading plans:
1. Short when the price break the neck line
powerfully or after breakout followed by pull back.
2. Wait the price correction to the next resistance
level at 1.319 level and short again.