Price_Action_Coach

Price_Action_Coach

This pair is in a down trend and we can see that the price has been rejected from the 4hr timeframe resistance that has been formed. We are expecting the price to break the neckline of the double top reversal pattern and continue on it's way down.

Price_Action_Coach

Trend continuation

Price_Action_Coach

Head and shoulders pattern in play

Price_Action_Coach

Consolidation. Buy low sell high.

Price_Action_Coach

Double tops chart pattern

Price_Action_Coach

Supply and Demand

Price_Action_Coach

buy low and sell high

Price_Action_Coach

Possible take profit levels

Price_Action_Coach

4HR confirmation candle. If it breaks the trendline it is going to fly

Price_Action_Coach

Third time is the difference. The pair has tested the trendline for the third time, it has been in a downtrend, trapped in a channel.

Price_Action_Coach

Good retest of the trendline. Wait for a close below the marked area of possible support.

Price_Action_Coach

Head and shoulders breakout and retest

Price_Action_Coach

The breakout of the bear flag will confirm the bear trend continuation.

Price_Action_Coach

The pair has retested the trendline for the third time.

Price_Action_Coach

Simple retracement to the 0.618 fibonacci level. It is always a good idea to wait for the candlestick confirmation before entering the trade.

Price_Action_Coach

The art of swing trading. We can look to add another position to our USDCAD. The first trade is yet to hit the take profit level. Wait for the candlestick reversal pattern signal.

Price_Action_Coach

The pair has hunted all the close stops. Now we can see it pushing to the downside after the break-out and retest.

Price_Action_Coach

Preparing for a move to retest the monthly support. It is always a good idea to wait for the candlestick confirmation on the 4hr timeframe to validate the analysis.