Idea about UCad.I'm seeing a nice triple Top Resistance combined with a strong Trendline from the past that are holding the price above 1.3330, let's short.
Ucad
USD CAD Buy setupsCompleting an ABC formation on the Daily TF, we will be looking for buy setups on lower TF ( 1hr&30min).
Even if we break the low the formation is still valid and we will be only looking for buy setups.
UsdCad Update! Could Never Make a higher low!As you can see, we lost our ucad buy even though we traded it according to the trend! A higher low was expected and it moved up 50 pips giving a buy signal on the way up and then totally moved down!
Very Upsetting! U can see the trend structure on the chart and u can see what was expected and what really happened. I believe that this is something we can learn from!
USDCAD Analysis 1/7/19
H4 Chart
D1 chart
1/7/19 Daily bearish at support & weekly trendline
H4 also bearish but shows candle rejection near the daily support & trendline area.
Potential price will react stronger to the upside since it is nearing the daily support.
Buying will be aggressive at this area. Wait for confirmation.
Ucad USDCAD CABLE This is my take for ucad again will update next week looking forward to this juicy set up :D
UsdCad analysisOn my previous post on Ucad you see I called the move upward as the Z leg that could finally drop. if we look at the consolidation forming from mid-April we see a wxy continuation pattern being formed. this is confirmation for more upside I'm looking at equal legs to the last impulse made starting the 17th of April which puts price at 1.361xx the next important level is the ultimate high at 1.36604.
USDCAD 4HR POIThere is a red folder today (May 5th 2019) for CAD pairs at 1:45pm est. If USDCAD is overbought on RSI or TDI and it reaches my POI or possible reversal area then put Sale trades. Make sure to do this minutes before 1:45pm est, today.
UCAD Buy on H4 minor support retestThis is an update of my general idea of the weekly move back up.
H4 closed above 1.34450 and pushed into a fresh H4 supply level, i'm counting on the rejection of this level to propel price back down to the newly formed support ( on H1 ) for a retest before finally pushing back up into the daily supply level of 1.35000.
USDCAD Break and Retest To The Moon??USDCAD has broken out of its consolidation range and has given a nice retest of the previous structure of price within the 61.8% fibo zone. WIth bullish movements of this zone will indicate a new impulse in the market to take it to the upside.
UCAD Weekly Wick fillUcad played out as anticipated, i was hoping that it would go lower before getting into buys but the news didn't push it low enough for me to take any positions. We now have a daily confirmation of where it's going to go next so i've set up my buy limit order on the H1 demand zone, hopefully price activates it before continuing back up.
GU potential weekly moveLast week, GU broke a major demand zone and we are going to see this zone get a retest. I've analyzed this move with extra confluences.
My entry level lines up with: The weekly zone, 50% fib, trend line touches,14 EMA on the daily and M30 retest on the lower time frame.
Nothing is ever written in stone while trading, if i'm stopped out, I've marked the next best resistance level to watch out for.
Ucad Retest of 1.34000Since price is pushing down to form the weekly liquidity wick, i'll be looking to grab a quick scalp in the process. Once price gets to 1.34000, i'll be looking to get buys back up as the overall momentum is still bullish.
Trade the range - Short UCADUCAD has been performing beautifully between the 1.33 and 1.34 range.
We can expect a continuation of this trade with an intraday day move back down the 1.33 zone.
