Looking for the 8H H&S to complete with price dropping at least to the daily 50% FIB level. This is also the 8H high from 4/5/24. This area is: -the Monthly bullish .382 FIB level -the Previous month high -the Weekly level of 4/7/24 -the 8H 4/5/24 High Price will either: -break and retest at this area to continue bearish -price can reverse in this area to...
USDCAD Analysis On the Weekly Timeframe, price has created a weekly BULLISH Fair Value Gap which haven't been tapped into just yet. So what i am expecting for price to into the FVG before showing signs of strength for this pair. On the 4 hour timeframe, we do have a bullish Unmitigated Orderblock that lines up nicely with the weekly Fair Value gap, making...
Market Analysis PT2/2 (8th April 2024) USDCAD Analysis On the daily timeframe, Price action has rejected of a resistance of the Daily William Certified Range(WCR). This can be seen clearer on the 1 hour timeframe. On the 1 hour Timeframe, we have created a Sharp rejection off the Daily support, which created a bearish 1 hour Fair Value Gap in the...
Hey, i'm posting this since i feel like i have enough confluences to take this short. -DXY Tapped Daily FVG(Probably a strong pull down to the Weekly BISI/EQLs) -Price at Premium & OTE, Breaker Block at .705 Fibonacci -Daily & Weekly FVG -IRL & ERL Cycle being respected
USDCAD shows a possible potential bullish continuity to further push to the upside to price point 1.32897 or supply zone at 1.33873 UC react on a strong demand zone.
Hi Traders, A possibility that price might reverse and rally upwards. Area of interest will be the 1.349 area which also my 0.618 fib level. Entry Price: 1.349 Target Price: 1.383 Hit the Boost and Follow me if u agree. Trade Safe! Thank you.
Short UCAD, Wait to confirm. Be patient, Management Risk 1%.
Selling ucad at 1.3460-70 UPPER BOLLINGER BAND Price is contracting... (Contracting Triangle) end of consolidation about to explode... selling strong... stops above 1.35 1st target 1.3350 then 1.3280
In case effects of this week's rate hike announcement already priced into the market. A retracement and lower degree flag breakout for the next motive wave up is possible.
UCAD shook a lot of people out making this push up but there was a invalidation zone with that strong bullish candle it retested 50% of it and took back off! We are still in buys going into next week!
Hello all My USDCAD analysis has us going up. Dollar has strength, we've broken signifincant highs. Will be looking for LTF shorts towards my demand POI levels. Will be looking for buy setups at my POI zones
Good afternoon traders! Possible setup happening on the daily timeframe. I am expecting a pullback between 1.29500 & 1.29700 then any signs of a potential reversal. Usually after strong moves up you will get the market to come back almost 100% of the impulse move. Looking at my possible target 1.26200. Wait for confirmation of a reversal "if" it pulls back, if...
There is a double top formed at the top and various sell models below.
Key Findings: Potential turning point. - I pulled a trend line between Jan and Feb local Highs and matched it with Dec Highs (200 days High), interestingly we today right stopped at that trend line, heres the potential new downtrend that opens up if we claim todays high as local high. According to sine wave theory the downside will very probable getting...
Good day mates! So in this small segment I would like to highlight this swing trade I called on USDCAD. First things first, I was NOT as patient of a trader back then as I am now, seriously! I would see a move and think "ahh man I gotta hop on this" but would be in such a haste that I would market enter and get wrecked or so scared I wouldn't even take the trade....
USD CAD is going donw donw down as u realize when u study the chart. im waiting for it
Usdcad just finished a bearish wave & so got its next bullish phase ahead of it. Usdcad so retests it latest outbreak of its bigger downtrend. The overall direction remains bullish after we broke its bigger downtrend.
Price have broken the structure. therefore, looking for another leg to the upside.