Loonie
USD/CAD - Where to next?! Right...Let's look at the bigger picture!
Loonie CAD - Technicals - Weekly:
Strong Bullish channel since 2017 - Been holding up well.
Yellow line - from past triangle formation - Finding nice area of support.
200 EMA (GREEN) - Again been respected.
We are struggling to pass the 200 EMA - as well as the key support areas of the channel, there might be a possibility of a pull back towards 1.34 half areas to 1.35 areas. We've had strong bear action occurring. However, pull back might be due till we decline further - However, be aware key trend-line areas from the past occurring and the 200 EMA - until we are not below the 200 EMA - the bulls could gain back into control.
Things to keep in mind - Seasonality, add alerts to 200 EMA or key trend-line/channel areas as we are at support until it's broken! Long term time frame, indicates shorter time frame movement.
Enjoy - Have a great week ahead.
Remember: Just an idea, not a recommendation.
What I'm seeing on USDCAD!Price has already respected my trend line support drawn from D1. I expect it to reach my trend line resistance to either short or long. lets see
What I'm seeing on CADJPY!My trend lines have been respected nicely lately. Looking forward to a break upward as price is already on an uptrend. lets see
What I'm seeing on CADJPY!My previous analysis on CADJPY play out as expected. Now at my trend line resistance. If it holds then im short. Otherwise, i'll look for a long entry
USDCAD - It's been a tricky time for sure..! (INTRA-DAY IDEA!)USDCAD - Technicals -
Keep in mind WTI.
Technicals:
In a descending channel support area!
Bear Control: Under 1.32512 we have the bears in control could reach the area of 1.32356 any lower the next support areas.
Bulls Control: Above 1.32891 and the next resistance areas.
It's been a lot choppy in trading intra day wise. Majors heading to high areas again on EUR, GBP Etc. Keep in mind longer time frames.
Fundamentals: Unemployment & NFP for this week.
Remember: Just an idea, not a recommendation.
Have a great day.
Nube #53AUDCAD buy @0.95593
SL @0.95361
TP @0.96382
This should be a quick one, as if price does not go our way quickly, the trade will probably be closed.
What I'm seeing on CADJPY!My trend lines have been respected beautifully lately. lets see how this new week goes.
USD/CAD Short Wave 5USDCAD has stayed within the box sideways for a quite a while now
It is possible that it might breakout below the box low
if it does it should provide us with a great opportunity to short sell it
target point would be TZ1 that is the Wave 5 termination point
WOL3.1 #115USDCAD sell stop 1.36070
SL 1.36377
TP 1.35457
R= 30.7 pips
If price reaches 1.35763, move SL to 1.36010
AUDUSD Short Trade Setup | Weekly Trade Setup 13-17-July-2020In upcoming week we will be focus on this pair for Short Opportunities !
What I'm seeing on CADJPY!Price approaching my trendline. Lets see if it holds as support or breaks and turns it to resistance.
WOL3.1 #111EURCAD sell stop 1.53383
SL 1.54073
TP 1.52003
R= 69.0 pips
If price reaches 1.52693, move SL to 1.53245
Nube #43GBPCAD sell@1.69405
SL@1.69974
TP@1.67688
Good short oportunity on a pair that has been bearish for quite some time, and has a lot of resistance points above.
USDCAD: Famous Setup on the M15 Chart The USDCAD has created an interesting situation
Time to Trade: At Frankfurt open tomorrow.
Time Frame M15 or H1
Direction: Short
USDCAD Multiple Time Frame Analysis and Trade IDEASUSDCAD Multiple Time Frame Analysis and Trade IDEAS
Daily or Swing Trading Opportunity: Time Frame D1 or 12Hr Chart
The daily chart is showing a completed ABC zigzag pullback. I like to call this the PC pattern
We have opportunity both on the D1 chart to take the Next Wave 5 Down within this Wave 3 down
Also there is a potential opportunity for he Intra-Day traders.
Intrad-Day or Day Trading Idea: Time Frame H1 or M15
There is a potential setup that can be taken on the H1 or the M15 chart tomorrow at Frankfurt Open.
