AUDCAD On A New Downward Selling Pressure For May"Sell in May and go away" may be coming to Aussie Loonie as it test the multi month reversal line. Don't miss the train.
Loonie
EURCAD H4 - Long Trade SetupEURCAD H4 - Down on that support zone, seen an 11 pip bounce, looking to set new highs on a lower timeframe and retest that 600 support again for entries. Just entered London open, so be aware are market traps.
What I'm seeing on CADJPY!If price breaks above or below my Trendlines, i follow suit. For now im on the sidelines.
#USDCAD Ecpecting an intraday sell here!May be the last "DIP" down since price is around the 61.8% retracement level of the previous daily timeframe Impulsive move.
USD/ CAD Here we have a crab pattern. i am only looking to take 20-30 pips off this pattern if i get a wick through the HOP level and above the red line! i waiting on my entry and hope i can make a few today. going to see if i can sell the peak to buy the dip.
USDCAD D1 Long Setup [Revisit]A few days ago I saw this setup and its still intact.
Title of Previous Idea was : USDCAD Will it lift off?
that question is still in tact. and so we still ask, will it go to the moon?
bullish batThe loonie has created a bullish bat, it is on a support area and the price is in a congestion phase ; united states dollar went down yesterday due to optimistic market conditions (Moderna said that Covid vaccine could be ready by the end of the year, France and Germany created a recovery fund of 500 billions of euro (ready by 2021). I think that despite this, the global economies will keep on suffering for a while, so the safe currency usd will be strong. place a stop loss at 1.3880 and a tkae profit at 1.4025.
Enjoy your trading
GBP/ CAD Here on the Pound Cad (GBP/ CAD) we have a Bat pattern fomring. the 1618 over extension of the ABCD pattern lines up perfectly with the 886 XA retracement . The 2.0 CD point is just a few pips below the 886. expect PA to rush into the PRZ to complete the pattern as this is the BAMM effect!. Happy trading!
Nube #39CADJPY sell @76.148
SL @76.434
TP @76.434
A nice setup with big R/R ratio. 38.2% is the first level to enter, but another entry could be executed if the first one misses.
USDCAD - D1 - Will it Lift off? The dollar cad is presenting a really sweet formation for a skyrocket move. IF it breaks above the box. the long has a clear target 1 and 2. Lets watch it.
WOL3.1 #99USDCAD sell stop 1.40500
SL 1.41008
TP 1.39484
R= 50.8 pips
If price reaches 1.39991, move SL to 1.40399
USD/ CADDollar Cad. the loonie is a commodity currency closley tied with oil just as the Aussie Dollar is with gold. however, the pair printed a deep gartley. wait for PA to test the major swing level AKA resistance wick to the top of the box and drop. i have a pattern drawn on WTI *i think* with a pattern that needs to be completed and the Texas Tea has been ranging for about a week.
#RISKFREEORBUST
OANDA:USDCAD
USD/CAD triangleHello everyone,
I spotted a descending triangle on the daily chart of this pair, which is usually followed by a move down after the breakout.
As you can see, the neckline of this triangle is around 1.385-6.
A breakout of this level might take us to a projected 500 pip move down as per the measurement strategy, to levels near 1.335-1.345 which happen to be the daily gap back in March, and usually gaps tend to get filled.
This move might be supported by crude oil prices which are now stuck in a rectangle formation (gonna post about that later on) and looks light a breakout to the upside is about to occur.
I don't advice any trade at the current level because prices are still mid levels in the triangle.
Good luck
WOL3.1 #91 2ºUSDCAD buy stop 1.41255
SL 1.39109
TP 1.45538
R= 214.6 pips
If price reaches 1.43403, move SL to 1.41679
Symmetrical Triangle on CAD/JPY @ D1The symmetrical triangle on the daily chart of CAD/JPY offers an downside breakout trading opportunity. The triangle's borders are shown with the yellow lines. My potential entry level is at the cyan line. My potential take-profit level will be at the green line. I will use the highof the triangle's base as my stop-loss level (78.463).
WOL3.1 #91USDCAD buy stop 1.41255
SL 1.40273
TP 1.43220
R= 98.2 pips
If price reaches 1.42238, move SL to 1.41449
Nube#38USDCAD buy @1.38835
SL @1.38457
TP @1.40073
According to my analysis, this pair is currently on a very crucial zone where the bearish trend should be challenged by multiple causes.
Having a nice Risk /Reward ratio, a couple of buy tries could be executed here.
If price retraces to 23.6%, SL should be moved to BE.
Nube#36AUCAD sell stop @0.88346
SL@0.89927
TP@0.8316
Second attempt on this setup, still looking for some bearish potential.
Nube#37GBPCAD sell @1.74895
SL@1.75578
TP@1.73210
Nice Risk/Reward ratio on this setup. Wave 5 could reach up to 1.7300, so exit points are flexible.
Loonie - ShortLoonie is giving short signal as it just bounced off a significant resistance level and like to fall down to the levels of 1.38.
RSI and HMA is supportive of the short reversal.
