Nube #39CADJPY sell @76.148
SL @76.434
TP @76.434
A nice setup with big R/R ratio. 38.2% is the first level to enter, but another entry could be executed if the first one misses.
Loonie
USDCAD - D1 - Will it Lift off? The dollar cad is presenting a really sweet formation for a skyrocket move. IF it breaks above the box. the long has a clear target 1 and 2. Lets watch it.
WOL3.1 #99USDCAD sell stop 1.40500
SL 1.41008
TP 1.39484
R= 50.8 pips
If price reaches 1.39991, move SL to 1.40399
USD/ CADDollar Cad. the loonie is a commodity currency closley tied with oil just as the Aussie Dollar is with gold. however, the pair printed a deep gartley. wait for PA to test the major swing level AKA resistance wick to the top of the box and drop. i have a pattern drawn on WTI *i think* with a pattern that needs to be completed and the Texas Tea has been ranging for about a week.
#RISKFREEORBUST
OANDA:USDCAD
USD/CAD triangleHello everyone,
I spotted a descending triangle on the daily chart of this pair, which is usually followed by a move down after the breakout.
As you can see, the neckline of this triangle is around 1.385-6.
A breakout of this level might take us to a projected 500 pip move down as per the measurement strategy, to levels near 1.335-1.345 which happen to be the daily gap back in March, and usually gaps tend to get filled.
This move might be supported by crude oil prices which are now stuck in a rectangle formation (gonna post about that later on) and looks light a breakout to the upside is about to occur.
I don't advice any trade at the current level because prices are still mid levels in the triangle.
Good luck
WOL3.1 #91 2ºUSDCAD buy stop 1.41255
SL 1.39109
TP 1.45538
R= 214.6 pips
If price reaches 1.43403, move SL to 1.41679
Symmetrical Triangle on CAD/JPY @ D1The symmetrical triangle on the daily chart of CAD/JPY offers an downside breakout trading opportunity. The triangle's borders are shown with the yellow lines. My potential entry level is at the cyan line. My potential take-profit level will be at the green line. I will use the highof the triangle's base as my stop-loss level (78.463).
WOL3.1 #91USDCAD buy stop 1.41255
SL 1.40273
TP 1.43220
R= 98.2 pips
If price reaches 1.42238, move SL to 1.41449
Nube#38USDCAD buy @1.38835
SL @1.38457
TP @1.40073
According to my analysis, this pair is currently on a very crucial zone where the bearish trend should be challenged by multiple causes.
Having a nice Risk /Reward ratio, a couple of buy tries could be executed here.
If price retraces to 23.6%, SL should be moved to BE.
Nube#36AUCAD sell stop @0.88346
SL@0.89927
TP@0.8316
Second attempt on this setup, still looking for some bearish potential.
Nube#37GBPCAD sell @1.74895
SL@1.75578
TP@1.73210
Nice Risk/Reward ratio on this setup. Wave 5 could reach up to 1.7300, so exit points are flexible.
Loonie - ShortLoonie is giving short signal as it just bounced off a significant resistance level and like to fall down to the levels of 1.38.
RSI and HMA is supportive of the short reversal.
CANADIAN HYPERINFLATION: GUARANTEED!!!CANADA WILL SUFFER FROM HYPERINFLATION WITHIN 2 YEARS!
I AM THE ONLY ONE SCREAMING THIS FROM THE ROOFTOPS!
THE EVIDENCE IS SIMPLY INCONTESTABLE! LOOK AT THAT SELL-OFF!
CAD BEAR MARKET I HAVE BEEN CALLING FOR OVER A YEAR!REGARDLESS OF THE DOLLAR'S STRENGTH AGAINST OTHER CURRENCIES, THE CANADIAN LOONIE WILL SHOW MASSIVE WEAKNESS!
SHORTING CAD WILL BE AN EXTREMELY PROFITABLE TRADE AS CANADA WILL BE THE FIRST WESTERN NATION TO EXPERIENCE HYPERINFLATION THIS DECADE!
THE CANADIAN ECONOMY IS EXTREMELY FRAGILE, INEFFICIENT AND LACKS PRODUCTIVE DIVERSITY! NOT TO MENTION FASCIST AS HELL!
USDCAD Bear In ActionBear are ruling the market on this major pair and knowing the fact how well aussie and kiwi buddy of loonie in AUDUSD | NZDUSD performing lately against buck I reckon this two buddies are together counter striking buck viciously. No positive sign for DXY yet and seems total stagnate talking about the price action for that index and the fact how pound and euro kicking butt of buck too I assume at this point we should not consider a strong king ( buck ).
Nube#35AUDCAD sell stop@0.8584
SL@0.87203
TP@0.80846
Nice setup looking for some bearish movement.
Target just as reference, as if this trade is activated, it will be heavily monitored.
Loonie : Continue bullish After failure of breaching 1.3997 , we suggest support found at 50% of wave ((iii)) ; end of wave ((iv))
We biased buy with stoploss / invalidation below 1.390 ; pre target @ 1.46
Hope you guys get some ideas. Thank you.
CADJPY Possible Rebound Upward!Lately, some news about China to start buying oil for state reserves sparked some volatility in loonie too. I guess the oil future will be going fine in coming further weeks so that might help this pair to rebound at some level. Stochastic pointing out the momentum in favour of bullish so far.
USDCAD PFHGood morning traders,
So yesterday, I did post an idea about the usdcad going higher, how ever, I woke up this morning morning and noticed a PFH has been printed.
Which has dramatically changed my bias on the direction.
USDCAD is now a clear short to me, would be looking to enter on a pullback.
As always, keep the risk managed!
Cheers :D
USDCAD LONG SETTING UPSup traders,
USDCAD had its well deserved rest, its now time for it carry on, on its march up to recent highs!
Remember to keep the risk managed!
Cheers :D
