This week I am looking to deploy capital depending on if the overall market outlooks becomes more favorable. I have USDCAD on my watchlist as it has been struggling to break higher above 1.3600 for the past 3 months. Recently, we've had a false breakout 3 times in the past month and each time bears stepped in and drove price back towards lows of 1.3500 creating...
USDCAD we found Distribution Schematic # 1 + posible it may complete our Harmonice (Crab Pattern) like follow plz not financial advice
Parallel channel(value area) (B) support for pushing the price (c) Let's little more deeper throughout zooming the chart for the co-relationship by using parallel channel of (A) (B) and (B) moved. If you want to trade on this pair , just comment then I will update trade-level into timeline.
Price is holding to the support trendline am expecting another strong push to the top to test resistance,with a potential spike above that roof,looking to see what the NFP will bring to this pair to close off the trading year as December approaches.
USDCAD BUY.....See the picture above for analysis!!!
nice looking price action. As you can on the weekly timeframe price reversed and started making Lower highs and Lower lows. The price is making upside down flags since it is on a bearish trend. As you can see the channel of the flags (correction) the support trendline of the channel has been respected 2 times and on the 3rd time it broke and made a bearish pole...
I use Market Profile and Price Action for my analysis. Please read the basic rules for trading my intraday levels (linked to this idea)
I use Market Profile and Price Action for my analysis. Please read the basic rules for trading my intraday levels (linked to this idea)