USDCAD long position. Short term.
letz see what will happen here.. pretty nice down move with a pullback almost to the 38% fib... we have rsi divergence ..price is touching support from h4/daily .. we not hit 127% expansion yet but we also do not hit 38% on the point so just give me a good break of that S/R zone to enter a long position stay patient and WINNING
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With OPEC still not being able to control global oil glut, and the Fed rate hike dust has already settled, it's more likely that CAD will continue be bearish while USD starts to recover a bit (relative to CAD at least). Setting up a buy stop order at prior periods S4 pivot line, with SL between current periods S3 & S4 pivot lines, with first TP near S2, and if...
USDCAD buy signal from 1.37. Short-term trade: Target is 1.382~ area Long-term trade: Target is 1.4 by Q2.
Hello traders. USDCAD is set to reach the 1.40 area by Q2 by various institutional research. As such, dips will be viewed as value buying opportunities until proven otherwise. I hope this information is useful to both the short-term and long-term trader in determining major market direction. Enjoy and remember to follow!
USDCAD held today above s1 at 1.36 while OIL remained below $47. Fundamental conditions remain the same prior to the Friday reversal on USDCAD and OIL so technicals should continue in their overall direction. Imminent upside target on USDCAD is 1.3822/40 while longer-term targets go as high as 1.39/1.40. Enjoy!
Risk is still certainly to the upside on USDCAD despite the 60 pip intraday retracement earlier today.
I don't like libra but i think that one worth it, if you want be sure buy the breakout
Waiting for a cross in DI's in the ADX indicator in the daily chart which might happen sometime next week. Regardless, with weekly chart showing a recovery, Fed rate hike that might happen sooner, and if price action in 1H chart continues to be bullish between now and tomorrow, setting up a buy stop order just above recent hourly high with TP few pips below R2...
price is near daily upward trendline...also we see demand zone in the same area .. rsi divergence is building up. if we see a dip deeper while rsi is going higher you will see a big smile in my face ;-) i will wait for the downward trendline break to enter a long position.... target is 1.3600 area-....
Entry point => 1.34622 Target 1 ~ 1.352777 Stop- lloss => 1.34370
USDCAD in a very pretty bull flag and it just broke out and is retesting the trend line. BUY BUY BUY!!! put your house second mortgage on it. This is the one clear trade that is goign to bring you financial freedom! buy!
PAIR: USD/CAD TTF: 15M TRADE: BAT PATTERN NOTE: These are potential Trade opportunities based on my own personal Analysis. Thank you, Star Prosper Philip Stewart