This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
USD CAD - looking set for a rebound back towards key 1.325 level.
we did it with the first hit and close at 1.35600 and big view about going up and hit the second zone
will be going long until the finish of corrective wave c which is level 1.00160.
Yesterday I see USDCAD as sell position. But today it breakout level at 1.3372. So now it looks like a buy situation. Buy order - 1,3375 StopLoss - 1,3350 TakeProfit - 1,3465 RiskRewardRatio - 1:3,78
Double botttom and at the base of a strong trendline on 4H May go up as shown
USDCAD 1D : Can Clearly see that Bullish engulfing happened. Then Price Break Resistance Line (Resistance Become Support) @ 1.3100 Target Buy 4H : Price is doing retracement. Wait for buy signal @ minor snr lines (black dotted horizontal line) Preferred buy level is at BRN level. Target entry: Buy Limit @ 1.3100 SL @ 1.3050 (50pips) TP @ 1.3200...
USDCAD 1D: The trend is currently uptrend. A simple trend continuation pattern can be seen clearly on this chart. Price is currently doing retracement. Wait for buy opportunity. 4H- Price is approaching the TL and minor support line @ 4H. Can look for buy signal from that level. Targeted entry level: Buy limit @ 1.3080 SL @ 1.3050 TP @ 1.3200 RRR...
potential bullish butterfly pattern