Usdcaddaily
USDCAD - LONG OPPORTUNITYAs you can see from the chart when price falls below this level of support it shoots up and hits the highlighted level of resistance so we will look for buys in the support area.
There is alot of divergence on the 4H so i believe this will be the last push to the upside.
Once the higher level of resistance is broken, we wait for a retest and buy again!
USDCAD reversed from intermediate resistance, potential drop!
USDCAD reversed off its intermediate resistance at 1.35125 where it could potentially drop further to 1.34374.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD reversed from intermediate resistance, potential drop!
USDCAD reversed off its intermediate resistance at 1.36014 where it could potentially drop further to 1.35601.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD: Target towards 1.3200 Until Below 1.3750USDCAD is moving downwards perfectly in the bearish channel
Following hints are good enough to support the bearish trade idea:
1. MACD is forming a hidden bearish divergence to continue lower.
2. The most recent rising trendline within the bearish channel is broken lower with a successful retest as the resistance.
3. 4 out of the 5 legs impulsive structure are completed and the target for the last leg is derived from the confluence of the prior leg's Fibo Extn.s at 1.3200
Invalidation of the bearish trade idea would be the break above 1.3750
GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
USDCAD potential bounce!
USDCAD expected to reverse up to 1st support at 1.35472 where it could potentially react and bounce to its resistance at 1st resistance at 1.36187.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD to climb from upside confirmation, potential bounce!
USDCAD to climb from its upside confirmation at 1.36187 where it could potentially bounce further to 1.37167.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.