We've got an upward impulse in wave {i}, so wave {iii} is going to start soon.
Wave {ii} is going to move on. If a pullback from the 38.2% retracement level of wave {i} happens little later on, there'll be an opportunity to have another bullish impulse wave.
It seems like a bearish impulse in wave C has been ended, so we could have a bullish impulse in wave 1 or A.
I see USDCAD testing previous area before it continues to rise. If you plan on opening a position, wait for the dip. Good luck!
There's a pullback from the 144 Smoothed MA and the channel's upper side. So, wave iv may have been ended, which means we could have just another bearish impulse soon.
Did you follow our USD/CAD bearishness view of last week? It is still holding true. Now bearishness is somewhat slow down but they are still in control. We shall not look for aggressive Long at this moment, but it is getting near to ultimate support level of 1.25 region. Trade Safe, s0nic
I am Very Bearish for this week. We had another ultra-heavy candle in the weekly. The momentum is too strong. Please do not long yet. The bearishness shall spill over until in 1.26 region at least. We need at least strong bullish candle to start with, to consider long. Trade Safe, s0nic
The advanced pattern is almost perfect. It depends on the rules someone has on trading these patterns (how tolerant they are on the percentages). In any case, I am aiming for a .38 retracement of the last leg as my first TP. My SL is placed on 1.27 extension of the last leg. Ask questions & Give comments!! Bests
I'm expecting price to hit at the indicated area soon and reverse. This is an area where two strong trend lines meet.
I think price has met 1hr trend line, a zone and a retracement. I expect price to go to purple line or the 38% retracement.
Breaking the upper limit of consolidation occurred already in April. Price after reflection from the top came under 61.8% of the abolition (1.37910) and rebounded to the south. Friday’s strong depreciation of USD/CAD brought price again to horizontal channel, simultaneously breaking Fibonacci 50% and March 1.3530: The above-mentioned levels will play a key role...
Looks like it's accumulating and holding the support, I expect dollar strength to take the pair up to .3591 area in the coming week or two
Technical analysis: USD/CAD is expected to trade with bearish bias next week. Bearish pinbar formed as double top from the 20.1.2017 Trend line from January last year holding as resistance, we have already resistance trend line from the 25.5.2016 Zoomed chart (H4) showing broken trend line with H4 bearish outside bar. If we zoomed a little bit more (H1) there is...
Long USDCAD over high base w/ SL under support on the hourly. Full position.
possible gartley pattern on usdcad daily. found minor support at 1.30530 waiting for 4H LH break then a retest for entry. possible long target is at 1.30350/1.30740. finally a short position to be taken at the D-leg. *Trade at your own risk* all advice/comments welcome :0
Setting up for a long position on the USD/CAD after the break above the downtrend line.
Good evening traders, Energy traders would have noticed the somewhat eery price action on oil prices recently. I believe that recently losses are attributed to: - Emerging doubts over the degree of compliance with OPEC production cuts as Iraqi exports remain high; - Concerns about the rate of market rebalancing; - Rapid rebound in U.S. shale production following...
Currently this pair just started a down trend confirmation with 200 EMA on both 1hr and 4hr charts.. we are looking for a retracement to the 1.32103 area and then for this to continue on its down path.