Cadshort
Swing Short! Wait for confirmations before entering this idea.
1H and 4H candle confirmations is ideal.
USDCAD - SELL OR NOT TO SELL :)USDCAD this is a nice place to enter for a short.
stop loss should just be above my blue line.
FOR THOSE THAT have been keeping tabs with
my analysis, you should have made lots of profit on this pair. :)
PLEASE LIKE, FOLLOW AND COMMENT
USDCAD BullsCAD is over-valued and last month's candlestick was bullish. Trade as follows:
Buy: 1.274
Stop Loss: 1.269-Below December 21 lows
Take Profit: 1.29-this week’s highs
More from: forex.today
Let me know what you think.
CAD: Trade between support / resistance levels.Support for long-term uptrend is broken down. But the mood for continuing the uptrend is still quite strong. In my opinion, while the most likely trade between medium-term support / resistance levels.
NZDCAD - Long opportunity, gartley and 2618 in the background8 failed attempts to close below 0.92900.
We find heavy support here looking back historically aswell.
In the background we also see a completed gartley, and we also have a double bottom followed by a 61.8 retracement which acts as my entry point.
The momentum is turning in our favor.
IF, however, we break to the downside we will most likely find another interesting opportunity around 0.92700 level. This is why Im not placing stop loss below 0.92700 - because if we break down, my reasons for entry are violated and we will most likely see a fall, if even slight, below 0.92700 anyway, which would yield terrible R/R for this setup.
AUDCAD - Will the trend continue?After a few successful long entries on AUDCAD -0.10% , I follow up with another one.
My clues here are:
Bounced off historical support/resistance level.
Bullish trendline as support
Cypher-pattern completed
Double bottom at above mentioned level of interest
Momentum turning around
Targets marked on chart.
First target markes the 0.618 fib retracement of the latest high.
Second target, retest of high and monthly resistance level .
Lets see how we do
AUDCAD Telling me to go long, trap?Lets find out
Price action is very clearly showing signs of bullish intention.
Blue arrows - Respecting structure.
Purple arrow - Respecting trendline.
In this we also see a 2618, which I have not drawn out. See if you can spot it yourself.
(Also note that it broke and close above falling trendline)
Long since 1.01688
Lets see if we can pull some profit out of this.
NZDCAD Long setup with gartleyWe have a triangle forming, and within it a Gartley completing right at bullish trendline / lower triangle. We also have a AB-CD within the gartley to strenghten the gartley pattern.
Targetting 0.382 fib of A-D move, stop loss below trendline.
Cad/Jpy nice short term sell setupCad/Jpy very probable to continue its down move. Selling at the break of the trendline looks like a good idea. Expected target around 85.00
AUDCAD (15min) Long opportunity with bat-patternWe have another bat completing while writing this. The previous 2 bats caught today did not hit home with dollar strenght pushing both gold and eur down. Lets see if we can fly with this bat, third time is the charm.
Bat, oversold conditions and a nice round number (1.00000) is reason enough for me entering this.
AUDCAD (15min) Long opportunity with 2618A setup we know as 2618 shows itself, giving us an opportunity to get long on this pair.
Target a full retrace back to the recent high and stop loss below double bottom.
As usual, I put my entry a few pips below the conventional entry point to improve my risk to reward ratio.
AUDCAD has been a tricky one for me lately, but we cant let that stop us.
Order is filled, lets ride with it!
AUDCAD (15min) Short term Long opportunityWe have a gartley completing right above a clear structure zone that should act as support.
I'm putting my entry order within the structure zone for better risk to return.
All in all,
A small trade with relatively good risk to return. Lets hope we get filled!
AUDCAD (4H) Long opportunityPrice action broke out of consolidation / structure channel to the upside. We find an opportunity to get long at the 0.618 retracement of the bullish leg. Structure and bullish trendline adds up as support.
We also see a 2618 with the double bottom followed by the break out and 0.618 retracement
Order is pending, lets see if we get filled!
AUDCAD (1H) Bearish Gartley, or Bullish Bat?Time to get short!.. Or long!.. Or both.
We're currently in a previously tested channel with support/resistance both above and below. We see two pattern forming. Gartley (red) and bat (yellowish).
Orders are pending on both, lets see which gets filled!
NZDCAD 15M short term LONG setupInside a forming bullish pennant we find a opportunity to get long with retest of trendline/lower pennant line which should act as resistance, together with the completion of a Cypher-pattern.
I entered 0.95435 with target at 0.95633
Stop loss below previous support.
USDCAD LongLong FX:USDCAD .
Price has stalled at support, we could get a rise to previous resistance.
CAD MEDIUM TERM SHORT: Massive divergence between DXY and CADThe chart shows INVERTED dollar index (blue) vs CAD index (candles).
There is a clear correlation between inverted dollar and CAD - that is, a stronger dollar negatively impacts CAD - likely since a stronger dollar weighs on commodity prices in general.
At present, there is a strong divergence between CAD index and inverted dollar.
This needs to be corrected.
Sustained dollar strength should lead to a fall in CAD in the medium term.
USDCAD Long: TechnicalUptrend from late 2016 should support the greenback against the Loonie.
Fair value around 1.40.
USDCAD LONG: Back at pre-election levelsUSDCAD is at pre-election lows.
USD has appreciated against most other major currencies - except CAD.
This needs to be corrected.
There is much uncertainty regarding trade agreements between Canada and USA post-Trump.
There is an increasing yield differential between US and Canadian rates.
USDCAD is an attractive buy at these levels.
