BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
The price has formed a bullish channel after breaking the previous bullish channel, there is a chance for history to repeat itself. The price has started to make its way towards the support level of this channel, if the price is able to break below the support we could see some major drops in the value of this pair
USDCAD has made 128 pip monthly range and flat surface. Typically USDCAD average monthly range is about 400 pip therefore monthly extension is natural. Considering that we have flat surface above and breakout is imminent, extension most likely will be to the north reaching out minimum targets.
On the daily timeframe, we can see that the price is currently in a channel pattern. That means, that we are either expecting it to move inside the channel and can identify the bounces from the upper and lower or we wait for fort he breakout. In this instance, we do believe, that the next breakout should be bearish, as the price is almost at the previous high, and...
Execution:
Buy Limit @ 1.3360
Protective Stop Loss @ 1.3335
Take Profit @ 1.3455
Rationale:
Buy Un-Filled Orders (Green UFO ) available in the 4h time-frame
Sell Un-Filled Orders (Red UFO ) further above allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with...
The pair may grow.
On the 4-hour chart, the correction of the higher level formed as the second wave ii of 3, and the development of the wave iii of 3 began. Now the first wave of the lower level (i) of iii has formed, and the local correction (ii) of iii has developed. If the assumption is correct, the pair will grow to the level of 1.3660. In this scenario,...
I think that price will continue Down
I open sell
Because:
-Trend is Down
-Potential reward will be 1 to 2
-We have a triangle signal in 30m
-We have a Engulf candle stick pattern
Execution:
Buy Limit @ 1.3360
Protective Stop Loss @ 1.3335
Take Profit @ 1.3455
Rationale:
Buy Un-Filled Orders (Green UFO) available in the 4h time-frame
Sell Un-Filled Orders (Red UFO) further above allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry...
The US Dollar vs. the Canadian Dollar is a very popular currency pair due to the extremely large amount of cross border trading that occurs between the U.S. and Canada. The CAD is considered to be a commodity currency because of the large amount of natural resources, especially oil, that are mined and exported to southern neighbors. The USDCAD is one of the most traded currency pairs in the world.
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