Usdcadshortsetup
START OF THE WEEK (26 Aug - 30 Aug 2019) GUIDE | USDCADSee chart for illustration
This is a follow up from earlier publication on subject pair (see link below)
May be Tripple TOP on USDCADIt looks like tripple TOP on USDCAD and potential downtrend movement if setup is correct and strong.
USDCAD LONG TERM SPECULATION | SHORT!It appears price is gaining momentum in anticipation of a rally to the downside from 1.33500 zone since it has found it difficult to break this area in the last 2 weeks.
Considering the present volatility in the USD currency, patience is pertinent as the price could break the 1.33500 zone up into the 1.5500 zone before the rally down.
However, price action monitoring is decisive here.
Lower time frame speculation coming up soon
USDCAD(DAILY) | DOWNTREND POSSIBILITIES FEASIBLE!This is a follow up on earlier publications (see link below)
Update on this pair coming up as we watch the present characteristics of price action around the 1.32200 zone
USDCAD H&S (Right Shoulder)Price tests the support zone and looks like it's going to form a pin bar. If price does remain above support, it would confirm my prediction that price will form a H&S pattern.
On the 1H chart, we can see the H&S more clearly the previous test showed a bullish engulfing candle and on the current test of support we see another candlestick pattern on the support:
The exchange rate on the the daily chart also shows no signs of making a new high:
USDCAD SHORT FOR 140 PIPS (IF...)If price gets to the D completion of the bat pattern & the 1.33150 zone, I will short for 140 pips
there are 4 major confluences from that level, can u spot themI
USDCAD, pullback to cloudD1
-->> resistance spotted
-->> pullback to cloud
--->> expect huge downward movement if it fail to break the cloud
USDCAD, pullback to cloudD1
-->> resistance spotted
-->> pullback to cloud
-->> expect huge downward movement if it fail to break the cloud
USDCAD reversed from resistance, potential drop!
USDCAD reversed off its resistance at 1.32387 where it could potentially drop further to 1.31544.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD approaching resistance, look out for potential reversal!
USDCAD is approaching its resistance at 1.31554 where it is could reverse down to its support at 1.31114.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD short intraday trade setupUSDCAD short intraday trade setup.. head and shoulders, descending triangle along with CAD strength giving me enough to take a short here.
USDCAD reversed from resistance, potential drop!USDCAD reversed off its resistance at 1.32603 where it could potentially drop further to 1.31111.
Disclaimer:
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCAD Pottential sell !!previously that purple box was our support line, this pair broke the support line and now purple box area is our resistant line, week ahead we may see more down trend. Trade with correct risk management... our goal is to become profitable trader. Do all the possible analysis before you place any trade and its about finding the best entry point. Good luck traders !!
USDCAD Quick ScalpPrice has been pushing down while forming LHs and LLs on the smaller time frame, my entry was based on the H4 close which broke 1.34200 and pushed up for liquidity forming another LH on H1 as it retested it's broken support. My goal is to ride the current market momentum to the daily demand zone for a 1:3.
USDCAD Potential Short From Current LevelHi guys. I've explained everything in the video. Enjoy! :-)
KHALID HAMID
USDCAD Short SetupThree Harmonics, potential Three drives pattern on this impulse wave. Bearish divergence, Approaching strong resistance,
I'm looking to sell
This might break above the daily pennant most traders have drawn, which may lure many investors to buy, but I believe it is a trap and we'll see it drop mid day tomorrow right back into the pennant (below the black trendline) and begin to consolidate once more.
USDCAD Short IdeaPossible for a short position if there is a retest of the broken trend line support on the H4.
Entry --> 1.32502
Stop --> 1.32773
Target --> 1.31888
R:R --> 2.27
Cheers,
Chloster
