USD/CAD
USD/CAD - LONGThis USD/CAD Long Set Up is based upon various Technical Analysis.
USD/CAD looks and any XXX/CAD pair longs look extremely good as of recently due to CAD depreciating due to the Crude Oil price drop as of recent heavily impacting the CAD making it weaker. The DXY also looks as if it has completed it's retracement and prepared to move higher once again.
This trade is being taken with multiple targets at various minor psychological levels alongside this the Trend Line has acted as a great form of support for a extended period of time dating back to nearly early November. The 4h candle closure looks as if it will be a hammer candle indicating buyer pressure and maybe another potential leg up.
The Moving Averages on the Higher Time Frame's Weekly and Daily have bullish moving averages indicating a lot of buyer pressure if we look closer into the Higher Time Frames on the daily we can see a series of Higher Highs and Higher Lows being formed showing a healthy bullish trend.
USD/CADResistance test a few times and rejected, USD / CAD on a downtrend, as you can see on the 2 charts, I believe in a possible bounce on the 1D chart support, but for now, a short.
USD/CADOn this chart you can see a great trend coming up. It can be a very small down trend, but it have a strong possibility to create a uptrend to be able to hit the resistance line.
USD/CAD - Preparing for next major uptrend?A leading diagonal may have formed between Sep 2017 - June 2018. The current bearish correction is approaching the later stages and could give rise to a major bull rally in about a month's time. Waiting for a completed impulse within Minute wave C is key to gaining a good entry level at the potential start of Minor wave 3 to the upside
Very good shorting opportunity in USD/CADVery good shorting opportunity in USD/CAD
Sell now or around 1.30850 for a potential target of 1.30388 and a strict stop loss of around 1.31028 which is above previous high.
The P/L ratio is 2.6 which is considerably good.
Short USD/CADit looks like the wave B is finished. Now the wave C should start.
This is not a trade recommendation
Short USD/CADBased on a Fib from 2016 to the low of 2017. The price bounces off the 32fib and continues down. On the daily chart there is now a small wedge forming and it is not making higher highs. Bollinger bands are tightening up and price closed below the MA. Target price 1.25470.
USD/CADIt is showed very nice move to short USD/CAD from 1.32 point. Speech about very big profit and very little lose
Daytraiding with USDCAD. Forex Part
In the previous idea, we accurately identified the beginning of the correction and took short positions. As you can see, everything went according to plan. Next stops and closes the position on the chart. 2 point for long also are worth. Aggressive strategy and a conservative in the breakdown of the channel. I wish Successful trades, if you like my ideas like and subscribe
Gartley pattern (Daily)We are about to complete a gartley pattern on the daily for USD/CAD. RSI coincides with the move, if it completes. Watching for completion in near future, ready to short! FX_IDC:USDCAD
what im looking at right nowI'm looking for bullish signs in USD/CAD looking at in my eyes a double bottom and a bull flag. if given a clear signal on 1h or 4h I will go long, with targets of 1.295 to 1.31 longer term. hope someone can benefit from this and give me a thumbs up as I need rep points! thanks and good trading
Short USDCAD in 1D TimeFrame.i think we have a Triple top here, and if price break 1.265 we can pull trigger for short position.
UC patternOn Weekly I expect kind of down-move, creation HaS pattern and then moving up to 1.31/32 area
USD/CAD Short 1. A = B, C = D(?)
2. Good chance to make the short position @ 1.2920
3. Stop Loss : Entry lvl + 2 ATR
4. Be Sure about your position, margin.
USD/CAD Elliot Wave (Update to Previous Chart)I posted an idea this morning that USD/CAD had more waves down to come to complete the larger C wave, however, spending a bit more time on it I believe the USD/CAD has bottomed and has completed a larger EW cycle and is heading up in a big way. I've plotted the first set of 5 waves up with the 5th wave an extension 2.618 of wave 4, from there a larger wave 2 could complete before a larger impulse wave up.
USD/CAD 4h possible reversalUSD/CAD have already shown some strong rejection from the general resistance area (blue) and at the same time from medium-range trend resistance area (yellow). If there are no shocking news the week ahead, we may see some nice reversal here.
Usd/cad resistance testedUsd/cad resistance tested on 4h time frame, high probability it heading on a bearish trend
