USDCAD SHORT BEAR BUTTERFLY!!!Waiting to sell...perhaps with the aid of US OIL News! Either way looking for more bearish signs!
200+ Pips to Target 1
Good Luck!
KEEP THE RADARS UP!!!
USDCAD-SELL
USDCAD shortUSDCAD 4h:
Let me explain a little bit about this chart.
The white lines are support and resistance.
The green line is a trendline and the red line is a second trend line to help me identify more clearly where the market will
go.
If you see the last resistance you will also see that there was a lot of volume, making the the resistance zone more valid and
harder to break.
Line chart:
USDCAD - Short; D1-W1 AnalysisShort on the USD/CAD; we see a good consolidation from the weekly trend lines and also support/resistant lines.
I believe it's going to end up breaking that bottom last wave of bulls (trend line) and then journey into the green zone.
USDCAD - SELL SETUPReally simple, we got in a really really strong area, the market seems to refuse this area. I just shorted, I will take profit around 1.29700 =) Good luck!
USD/CAD Sell Set up With Excellent Risk RewardPrice has tested this resistance area for 6 months. There is confluence with R1 pivot support. A Bearish Engulfing pattern formed two days ago, and it's resistance was tested by Friday's candle. Rhere was a walk up the BB and now we have a squeeze. There is bearish divergence. Stochastic has turned down and the signal line has crossed. Finally, for Elliot techs, I have laid out one possible count which show a minor impulse wave up, and then the correction wave A BC. if the count is correct , price is at the beginning of Wave C. Main guideline for correction wave is wave C and A are often equal in amplitude - this would give us a move of around 300 pips.
Very good risk reward as out stop can be set to just above the R1.
You can enter now or wait till price break below the low of the engulfing pattern. I'm going now. 1st target at Pivot level P. 2nd target near the 1.29000 level in keeping with Elliot wave C guideline above
USDCAD Sell IdeaSell Scenario 1 (H1 Chart)
We don’t yet have a clear trend line but if the pair consolidates before pushing higher, we will use the low to draw our most recent bullish trend line. Once price reaches the 1.3210 level, we can start looking for the breakout below the TL.
Stop loss – above last high created.
Target 1 – 1.3100.
Target 2 – 1.2960.
Sell Scenario 2 (H1 Chart)
Second way to attack this sell opportunity is to sell with the completion of bearish divergence. Price must reach the magnetic zone first of, then we want to see bearish divergence completing itself and a bearish candlestick pattern. This is when we might sell.
Stop Loss – above most recent high.
Target 1 – 1.3100.
Target 2 – 1.2960.
USDCAD - SELL AREAUSDCAD went up this moring and went in my sell area, i just opened a sell with a TIGHT SL right above! I will have my WEEKLY SELL AREA right above so i already have higher SELL LIMIT ready to be triggered!
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Also we can see a beautiful W that mean the market is suppose to reverse soon! Lets see and enjoy!
USDCAD - BEARISH UNTIL BREAKOUTSo we can see this RED TRENDLINE and YELLOW TRENDLINE, that mean that overall the market is still bearish! Now if we see a breakout above the RED TRENDLINE we could see 1.33 even 1.35! (RETRACEMENT)
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But until this trendline get break I will sell the in SELL AREA and put a SL right above this TRENDLINE!
USDCAD - SELL SETUP (SHORT TERM)CANADIAN NEWS at 8:30 AM (NEW YORK SESSION), I'm expecting the CAD news to be BULLISH for CAD because every CADxxx is looking really bullish on a support, and xxxCAD looking bearrish on a RESISTANCE. So simple trade with a TIGHT SL!
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Lets see that will happen with this news if we are wrong we will be negative about 30 PIPS but if we are right we will make around 170 PIPS profit!
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Make sure to LIKE and FOLLOW if you agree with this idea! Thanks alot, I will also make sure to answer every comments below!
USDCAD - NFP FORECASTIf you take a quick look at the USDCAD chart, without using any fundamental but just technical analysis, we can cleary see that USDCAD reached the SELL AREA, meaning that NFP should push the USD dollar down! + if you take a look at USD dollar INDEX, it bearish on weekly chart.
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Some people told me you CANT predict NFP, but to be honest when you look at the higher timeframe there have been NFP everymonth and the chart still follow the same trend... Remember that NEWS FOLLOW THE TREND!
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If NFP push the USD dollar up it will be a fake out im pretty sure, we should be heading back to 1.27 maybe a new low around 1.25!
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Make sure to LIKE and FOLLOW, you can also leave me a comment I will make sure to answer them all
USDCAD - POSSIBLE REVERSAL NOW!TRENDLINE RE-TEST, BEARRISH MARKET, UPPER TRENDLINE also respected, HUGE sign of reversal! I'm expecting pretty much every USD pair to go down i took a look at USDCHF and USDJPY, they are all on critical reversal level! so USDxxx DOWN... xxxUSD UP. This is a really simple parttern.
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This trade is risk free pretty much, I will put a TIGHT SL but i mean there is alot of pips in this trade!
Make sure to FOLLOW and LIKE for more CHARTS IDEAS =D
Thanks!
USDCAD - FREE PIPS INCOMINGTWO TARGET, RE-TEST IS DONE LETS GO DOWN !!!
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Simple trade, a lot of pips low risk trade =)
USDCAD Sell Rallies Ideally we will see a double wave up which end with bearish divergence near the 1.3020 level which also coincides with the down trend line from the highs. This is also a good resistance zone.
Stop Loss – Above 1.3090.
Target 1 – 1.2750.
Target 2 -1.2450.
USDCAD - CHASING A BREAKOUT!Pretty easy trade! If BREAK OUT ABOVE its a BUY till around 1.37, if BREAKOUT UNDER I will be SELLING till 1.27600!
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To early to SELL, too late to BUY!
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We have to wait =)
USDCAD Buy and Sell ScenariosBUY SCENARIO
Pair is currently breaking above a short term trend line and I expect a duplication of the last wave up. If we get a small correction in order to improve the risk reward ratio we can jump into a buy Aiming the duplication zone where we can switch to a sell.
SELL SCENARIO
If the pair reached the sell zone as marked on the chart, look for a false break + bearish divergence as an entry, or alternatively sell with the break of the most recent up trend line to form.
USDCAD SELL IDEA USDCAD is in a corrective structure which is a 3 wave correction until now but it may go for a 5 wave correction before breaking. I'll be selling the breakout when it happens, and if you're already in the sell, I suggest you put it to breakeven in case it decides to go for a 5 wave corrective structure before the next impulse down.
USDCAD Sell Towards The Trend Line After Another False BreakThere is a triple cycle completing itself on the H1 chart. If we get another false break as shown in the image below, we can look for a convergence principle - pair to gain bearish momentum by breaking the last low after the false break - and then sell the correction in order to improve the risk:reward ratio.
USDCAD Sell PullbacksI'm looking for pullbacks near the trend line and resistance zone on the h4 chart. I want to see a false break of a high, followed by a break below the low and then sell corrections.
