I hope price will crawl up some more, giving me a better sell once it breaks. But I still see great potential for USDCAD to advance north so a scenario as shown in the chart would be very sweet. Good luck
Price is still moving in this downward channel. If price breaks the channel, I will wait for a flag and then buy but I think further down movement is more plausible to retest the bottom of that daily/weekly consolidation and sell as shown in the chart, Good luck
Price broke out of the consolidation but is forming a pattern indicating potential down movement. History might repeat itself. Price may crawl up very slowly but I wouldn't be surprised if it shoots down on more time so I better be prepared for that :-) Good luck
looks like a nice flag is forming and within a 5wave correction. A BO might retest two recent tops which happens to be a 1.618 fib ext. Good luck
Broke with the main trend and now we get a pullback in form of (probably) an abc correction. I'm buying the BO. Good luck
GU is a little too hesitant that's why I think that this is gonna be a 5wave correction but still gonna be careful, who knows what dollar is doing (too many pairs are a bit messy atm). Good luck
Got a BO on the bigger structure and now a pullback in flag pattern. Once price breaks out, there's a good chance for a nice long opportunity. Good luck
This currency pair recently made me loose some hair so I tidied up my chart for some insight. I came up with that: Price pulled back to closely 50% so there are two options 1) It's a simple pullback in a strong bullmarket and price is shooting up from there 2) Price is going to make a more complex abc correction. If I see a flag or some structure indicating down...
It seems to me that they really don't wanna see the USDCAD up. A previous BO failed splendidly and I suspect the current BO to be false as well. The only thing that held true is downside so I'm going with that. If price breaks the the little channel down, I'm going short for a retest of the bigger trendline of the bottom. Good luck
Price is forming a flag so I expect some down movement but in the overall picture, I prefer the upside. But should price break down, one more bigger move south is possible.
Price broke out and is now consolidating. A break of the teal trendline should signal more upside. Good luck
I think this structure is in play at the moment. Price broke the teal trendline so those who are interested in buying might find a nice opportunity now
Price is currently moving in two parallel channels. I'm buying the BO. Good luck