USDCAD-SELL
USDCAD Short/Sell IdeaUSDCAD Short/Sell Idea
waiting for a momentum (M30) candle close below 1.3155 to sell this one
Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Objective Wedge Pattern (in blue)
3- Rejection/Supply zone from Daily/H4
Three confluences are enough to consider Selling USDCAD, after a break below 1.3155 (in gray)
USDCAD Sell IdeaW1 - Price is still in the zone of a triple cycle ending up with resistance, we have a possible double top. We may now look for a correction in the form of two waves or a range.
As long as the last top holds, we may look for a retrace to happen towards the 50% retrace zone.
D1 - Second false break with divergence. Band to band movement.
H4 - Triple cycle, the price broke below the trend line and then it started to create lower lows. Currently we have Bollinger band duplication area.
By ideal we should see the price cleaning the area shown in the chart, We may then look for corrections and possible sells with more bearish evidences.
if we get a straight leg going through all the fibo retrace levels then it is a warning sign, so pay attention to this.
H1 - Price reached a critical zone, bullish divergence. We may now look for correction to happen in the form of double wave or range.
The bottom line here is, we may now look for retraces and sells with bearish evidences.
USDCAD Sell Limit Hi All ,
On this pair, i don't think buyers are done with it yet , as every drop has been followed by a push back up . I expect a powerfull break to the upside as price has been trading inside this channel for a while , I currently don't have any positions , But i'm setting my sell limit . However , if i see a bearish move i will take it only after NFP , But if there's a bullish run i will be patient for my Sell limit to trigger as i have more reward downward that upward .
Many Thanks.
USDCAD SELL!USDCAD is looking like it can fall down in price or form a new area of consolidation!
We have to wait until Monday to see what price wants to decide what to do.
I believe that the price will go down where it will break through support, retest, and then sell where we will place our sell orders!
USD/CAD Longer Hold ShortUSD CAD Little bit longer wait for Bigger sell ( Possibility )
Waiting for last leg of W pattern to complete ( to the upside ) before drop... this W pattern almost always have smaller M within it , not hard to spot.
With that completion we would have 3rd upper touch of this daily hover at the moment ( if not reject on DT ) for big sell.