Usdcadidea
USDCAD short trade ideaPlan : wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
USDCAD long trade ideaPlan : wait for the price to bounce off from trendline and support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
USDCAD LONGUSDCAD is moving in an upward trend making higher lows and testing new support. I would not go long to the highest point because it is Friday and I don't want to get caught up in between when the market opens up and other factors. Target was previous high with a little push. Now let's see how this baby does.
USDCAD: Key Resistance at 1.4700. Watch For Sell.Hi traders,
Price has reached a critical sell zone @ 1.4700 and is making a case for a WXY regular flat. What is also interesting to note is that we're testing the high from 18 January 2016.
Be sure to manage risk and stick to your strategy when looking for any short positions.
Regards
Wave Theorist
USDCAD short trade ideaHello Traders! ,.. this setup quite interesting, honestly we can go to both directions, either up or down we need to wait for the price to breakout its support or resistance level.
Plan : support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
USDCAD long trade idea (update)Plan : wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
USDCAD long trade ideaPlan : wait for the price reacted to daily demand zone --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
USDCAD long trade ideaPlan : trendline or resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
USDCAD at top side resistanceUSDCAD
CAD pairs are mostly influenced by the price movements in oil market
USDCAD has break the major resistance zone 1.41000 and run up to 1.46800 and stalled
The upward trend-line was broken in One hour chart
We can expect short term fall back as its in overbought condition
We can enter at the 1.44700 level which is 78.6% Fibonacci level
Potential take profit will be 1.41750 which is 50.0 % Fibonacci level
In between this level there is major deciding level is there which is 6.8% Fibonacci
Leave your valuable comments below
USDCAD analysisfollowing price
as we continue to monitor and appreciate the market structure this range leads me to believe that we could be in store for new lows as of recent bullish behaviour - relief stage in store - psych
levels
patience is key as this is still a bullish environment, though we are sure to expect exhaustion - mind game
1.43488 - 1.42777 - 1.42
anticipate - react - execute
cheers