Loonie
USDCAD - It's been a tricky time for sure..! (INTRA-DAY IDEA!)USDCAD - Technicals -
Keep in mind WTI.
Technicals:
In a descending channel support area!
Bear Control: Under 1.32512 we have the bears in control could reach the area of 1.32356 any lower the next support areas.
Bulls Control: Above 1.32891 and the next resistance areas.
It's been a lot choppy in trading intra day wise. Majors heading to high areas again on EUR, GBP Etc. Keep in mind longer time frames.
Fundamentals: Unemployment & NFP for this week.
Remember: Just an idea, not a recommendation.
Have a great day.
USDCAD Multiple Time Frame Analysis and Trade IDEASUSDCAD Multiple Time Frame Analysis and Trade IDEAS
Daily or Swing Trading Opportunity: Time Frame D1 or 12Hr Chart
The daily chart is showing a completed ABC zigzag pullback. I like to call this the PC pattern
We have opportunity both on the D1 chart to take the Next Wave 5 Down within this Wave 3 down
Also there is a potential opportunity for he Intra-Day traders.
Intrad-Day or Day Trading Idea: Time Frame H1 or M15
There is a potential setup that can be taken on the H1 or the M15 chart tomorrow at Frankfurt Open.
GBP/ CAD (Cable/ Loonie) Here on the Pound Cad we have a gorgeous Bat pattern. Right now we See PA respecting the PRZ by throwing Indecesion Candles. Now, whether the pattern works in our favor is a different story but what we do know is the level is valid as PA raced into the PRZ and is now tangled up. im honestly looking for this Current Candle to close as a Bullish Spinning Top or Doji to justify an enterance. Based on the oscillators at the bottom of the screen im waiting for those too. but more emphasis on PA! Will Update as time draws closer to entry!