USDCAD: Ending Diagonal PatternIn some cases, we cannot detect the main trend clearly. But there are patterns that are helpful, they temporarily show the trend. One of these patterns is Diagonal.
As you can see in the image, the Diagonal pattern is formed and we are waiting for the price to increase to the range of 1. 3411. To get the confirmation for the uptrend, the price should cross the range of 1.2835.
In addition, convergence is evident in RSI. This analysis will be violated by crossing the price from the range of 1.2588.
Usdcadprediction
USDCAD BUYING FROM SUPPORT ON DIPSAS I can see this pair is going to test again daily support
& now will not going to skip this entry level and going to buy USDCAD ON DIPS if price show us it hold above the buying area
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USDCAD SELL FOR 300+ PIPS !!!As i can see this pair is still in bearish trend CAD is all depending on oil prices
and oil still have to touch 50$ soon incoming days this pair retested a strong resistance and fail to break
so it is going to make a new low till design levels based on daily chart so
now we are selling this pair with low risk and looking for higher rewards
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USDCAD - Probability of the formation of Expanding DiagonalUSDCAD - Probability of the formation of Expanding Diagonal Pattern
Wave 3 has ended in the range of 1.4689 and the movement structure up to the range of 1.4667 has been in the form of 3 waves, which indicates the corrective movement. Given that the X wave has ended in the range of 1.4667, it is possible that we will encounter the FLAT pattern in the 4th wave.
In the downtrend, which started from the range of 1.4667 and should be in the form of 5 waves, according to the FLAT pattern, the movement structure is in the form of 3 waves, which can represent the Expanded Diagonal pattern. Which can prolong up to the range of 1.2039.
USDCAD BUYING FROM SUPPORT ON DIP 300+ pips !!!USDCAD is trading near a support zone as i can see this pair is waiting for a strong move in US Index and then it will start moving to our targets
CAD economy is depending on oil prices as we can see US-Oil and Brent had move making new high and now its is expecting a retrace so we are buying this pair from support zone
and looking for a higher rewards against our lower risk
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USDCAD - Probable Expanded Flat Pattern formation in Wave IVThe structure of the downtrend which has been started from the range of 1.3420, has finished in the range of 1.2928 which is in the form of 3 waves. Given this trend, we will probably have a 5-wave uptrend in C-wave, which could be extended up to the target of 1.3523.
If the price crosses the range of 1.2928, this analysis will be violated. In case the price crosses the range of 1.3172, we can expect an uptrend forming hopefully.
USDCAD BUY AFTER BREAKOUT CONFIRMATION !!!!as we see a bullish trend on this pair already performing great buy from this monthly horizontal support area
we are waiting for a bulls breakout and enter to buying USDCAD for higher rewards with low risk
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USDCAD Bearish Deep Crab Pattern Entry is at 161.8 of XA
Targets 38.2 and 61.8
Stops in this pattern for me are RR based, 1:2 , use your own method of trading
Note:
We were long since that blue Shark Pattern before that spike, which I posted in here for free on Oct 19.
Very good trade.
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