CADJPY PASSED THE 0.5 MARK HEADING TO 0.618"
USDCAD, 1 Hour. Elliott Wave - suggests corrective waves (we're basically at the end of the B leg at the time I'm writing this), it might form an advanced pattern to go short. But nothing is complete yet, I'll update this topic when I see changes in the market. News - RBC (Royal Bank of Canada) as well as other banks changed their mortgage rate (they actually...
- Waiting for price to hit psych level - SL above D level on Harmonic pattern - Great R/R - TP at .382 Fib Line from low @ 1.3011 to recent high
Honestly i dont feel the daily candle closed very strongly. Looking for a pull back but market open will determine my entry in the week
Hey guys, what you think about this view? possibly another move up? Please share your views and opinions. Im still learning wave trading, my analysis may be wrong, so feel free to share any constructive criticism. Thanks.
This is a high probability sell set up with nice RR
2 potentials bats on USDCAD. And as always: trade only if it is in your backtested tradingplan!
Sentiment: Bearish inside red channel. (Bullish) Trend Strength: Moderate Close above R1 would confirm further correction. Close above PP and next stop will R2. Close above R2 would be bullish sign. Close below S1 would confirm further fall.
multiple touched downtrend line has been broken, we can also see a clear rejection of the re-test of this trendline. Possible mid term uptrend before the downtrend continues
AUDUSD BULLISH ABCD PATTERN
The instructions are in the chart and discription, i think i got your back. USDCAD analasys and tradinplan.
Looks like a good CAD setup here... will be long when the pattern completes.
USDCAD Crude oil canada looks like will boost canadian dollar. If this condition happens, USDCAD will go deep down in long run.