The Canadian Dollar had a really strong year against the US dollar correlating nicely with the DXY. After FOMC reports however, the Dollar continues to dig itself out of the hole it was in late 2020 and pairs with the dollar as the dominant, such as FX:USDCAD , have started to experience some upward momentum that I expect to continue for the next few days as...
Here is a close up of the Long Entry ... and the Weekly;
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Elliot wave count on usdcad suggests there should be another move to the upside to make up the wave 5.
Everything provided in the chart only 17 pip SL.
Usdcad - h4 - I see price rebounding upto 1.37 on this pair
Have a look at this and see how it plays with your bias. Fibz
Hey tradomaniacs, looks like USD/CAD is about to continue the previous breakout. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
The low so far was about 50 pips away from AB=CD.
Last week USDCAD made some nice move up. This week I expect the price to create a false breakout then pullback before the buying pressure pushes the price upward
Symmetrical triangle, bottom is being tested, wait for confirmation of bullish candle and buy. BANG. Money!
This setup has been generated by GoTradePipsScalper Indicator. Buy Trade needs to trigger within next 10-15 Candles.
Hi Traders, The last buy attempt at 1.3151 failed as price kept pushing lower. We now have a valid gartley setup. The safest option would be to take the trade only after we see an impulsive breakout from this ending diagonal structure. Apply risk management and trade with care. Regards, Wave Theorist
Possible signature buy trade.Price broke through the wedge to go to the previous weekly low and did a wick fill and was rejected.Anticipating a reversal.W pattern formation on H4,H1 and signature W formation on 30min