INV HEAD AND SHOULDER! (BUY)Inverted Head and Shoulders in USDCAD!
-Wait for the breakout of the neckline for confirmations!
ALSO:
Possible outome #2: DOUBBLE BOTTOM!
- Be carefull with bear traps ;)
Usdcadidea
USDCAD Completed Bullish Bat PatternUSDCAD Completed Bullish Bat Pattern
Hi Guys. Watch bottom for long. Good luck. Please support the setup with your likes, comments and by following on TradingView.
USDCAD 4HR/D Buy SetupPull back is expected and therefore enter when price is in between 1.32000 and 1.32300
I will place a partial entry now as well, just in case if pull back do not occur.
TP1 1.33250
TP2 1.34400
TP3 & TP4; see charts
SL 1.31500 + your broker spread
USDCAD is setting up for big bullish rideWait for my updates.
Please support the setup with your likes, comments and by following on Trading View thanks
USD/CAD, still on his strong bullish trendHi guys !
USDCAD is on bullish way and is about to break clearly the 1.32 resistance. Since two weeks, the price is closing above all the MA (10, 20, 50, 100 & 200) on D3 scale.
My first target for USDCAD is 1.35 with a potential rejection there.
Thanks for your time guys !
USD/CAD, waiting for 0.618 Fibonacci Hi guys !
USDCAD looks bullish with indicators on green. My entrys is only if the price reach the 0.618 Fibonacci retracement with a target at 1.3260 (0.786 Fibonacci).
Currently, the support is at 1.30850, with 50 % Fibonacci and above MA10, 20, 50, 100, 200.
Furthermore, the lagging span is above the cloud and confirm an eventual new run.
Thanks !
USDCAD Sell setupThere is scope for the downside to continue since price action broke out the narrow range, whilst momentum indicators support the view, so i am looking to short this market for a target to the uptrend line.
Don't forget to watch my webinar recording below.
Happy Trading.
USDCAD testing major support, potential bounce!USDCAD is testing major support at 1.2636 which is a fibonacci retracement, extension and overlap support level. We can see good price action at that area too. What is nice to see is that multiple RSI bounces has occurred that corresponded with price bouncing around this level too.
Our major resistance is at 1.2726 which is a major swing high resistance level and a fibonacci extension level.
USDCAD has broken major resistance, potential bullishness!USDCAD has broken a major resistance-turned-support line at 1.2559 which now serves as major support for a potential bounce towards 1.2645 (100% ABC Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance).
RSI (55) also sees a recent bullish exit signalling a change in momentum from bearish to bullish. This is in line with the potential rise in price.
Buy USDCAD Longterm Based on Multi Timeframe Trend ContinuationThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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Short USDCAD Longterm Based on Multiple TimeframesThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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Buy USDCAD Short Term Based on 15min TF Bullish Harmonic GartleyThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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USDCAD Short Long Term Based On H4 + Daily Timeframe BreakoutThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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Buy USDCAD Short Term Based On H4 Consolidation BreakoutThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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USDCAD approaching major support, prepare to buyBuy above 1.2966. Stop loss at 1.2893. Take profit at 1.3164.
Reason for the trading strategy (technically):
Price is dropping strongly towards major support at 1.2966 (multiple Fibonacci extensions, horizontal swing low support, Elliott wave theory) and we expect a bounce above this level to at least 1.3164 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,5,3) is seeing major support above 1% where we expect a bounce from.
USDCAD dropping perfectly, remain bearishSell below 1.3482. Stop loss at 1.3543. Take profit at 1.3387.
Reason for the trading strategy (technically):
Price continues to drop perfectly towards our profit target and has made a nice bearish exit signalling that a change in momentum is expected. We remain bearish looking to sell below 1.3482 resistance (Fibonacci retracement, pullback resistance, swing high resistance) for a further push down to 1.3387 support (Fibonacci extension, horizontal swing low support, Elliott wave theory).
RSI (55,5,3) is seeing strong resistance below the 55% level where we expect to see further bearish movement. We also see a recent bearish exit signalling that a change in momentum to bearish is expected.
