A break below of a key level on the daily TF,the H4 chart shows rejection of the fib level which indicates bullish momentum, will be watching carefully for price to go retest that key level for a move down, after the move up to retest the structure.. Kindly follow and like. Cheers. Have a great trading week...
The USD/CAD pair struggled to make a decisive move in either direction after the macroeconomic data releases from Canada and the United States on Friday - 31st July 2020. With 90pips in our direction from my last week publication (see link below for reference purposes), a possible rally continuation is looming as we experience a Breakout off of our Trendline and...
Hello Traders, kindly like this idea if you love it and leave your thoughts in the comment section USDCAD earlier fulfilled our final target for shorts and we'd like to see it trade lower to take out sell side liquidity. It's rejecting off a 1H OB and given us a clean NY retracement for shorts FOLLOW OUR IDEA UPDATES FOR MORE PRECISE ENTRY TRADES WITH ZERO...
Hello Traders, kindly like this idea if you love it and leave your thoughts in the comment section USDCAD hunted retail stops above an Old high and is most likely headed to attack Sellside liquidity below equal and old lows FOLLOW OUR IDEA UPDATES FOR MORE PRECISE ENTRY TRADES WITH ZERO DRAWDOWN
As the USD dropped to its lowest level since early June 2020, the price has moved over 150pips in our direction since my last publication on this pair (see link below for reference purposes). Its been a rough week for the Greenback as it breaks my Key level I @ 1.35000 to sit at the bottom of Bearish Trendline @ 1.33500 area as I anticipate a further Breakdown of...
USDCAD is falling. If the price falls to a strong support line, then buy USDCAD from this line. Target - level 1.3528
USDCAD is in a small growing channel and this is good, since I hope that the price will reach my point of entry for sale. Immediately 3 resistance lines intersect at 1 point and I want the price to reach this point so that I can open a sell. Target - support line (450p profit)
USDCAD was unable to break through the support level 1.3528. I expect the price to hit a strong resistance line, followed by a 450 pips drop.
Reason: Bearish divergence + Overbought + Resistance + Rejection
According to all the signs the USD/CAD is supposed to continue its fall. The pair lies below the 200 EMA , the volatility is increasing thus we can expect a bounce from the Support line after the price will reach it.
USDCAD on the support level. Buy USDCAD from the resistance line.
As the Greenback appears to be losing steam across major pairs; A Breakdown of our Key level (1.35500) last week is a significant Bearish signal for us. Tendency: Downtrend ( Bearish ) Structure: Break-down | Support & Resistance Observation: i. . 786 retracement of the most recent Bearish Impulse leg culminates at 1.37000 followed by a Bearish momentum. ii. The...
USDCAD fell as we predicted, though it never reached the resistance line. I expect that there will be an growth from the level of 1.3528. target is resistance line
USDCAD 45 minutes chart below shows that the pair has ended 3 wave pullback from June 15 high in wave 2. The pullback unfolded as double three Elliott Wave structure and ended at 1.3482 low. Afterwards, the pair resumed higher in wave 3. Up from 1.3482 low, wave ((i)) ended at 1.3559 high. Wave ((ii)) pullback ended at 1.3525 low. The pair then extended higher in...
USDCAD has almost reached the resistance line. I expect a fall from this strong resistance line to 1.3528
USDCAD continued to grow as we planned. I expect that after the price reaches the resistance line there will be a fall. Target - Level 135.28
I see a potential fakeout to the downside spike below or at the 35000 level hitting that major level of demand and key area on 4h then upside after price action rejection! Price has been consolidating so once it breaks one way it could move well.