Forex Forecast

USDCAD Analysis – Moving up once more

Bear butterfly pattern formed on USDCAD

It appears a bear butterfly pattern formed on USDCAD. I´m entering short at current levels with sl above 1.35 on a daily close. Target around 1.30 six trading Rules : 1. ne’er add to a losing position . 2. Don´t be the primary to buy low and sell high ., and don´t be the last one to exit 3. think like a fundamentalist, trade like a technician . 4. Keep your analysis easy 5. begin little and increase exposure when trend is confirming your analysis 6. The hard trade is the right trade.
USDCAD Analysis

USDCAD Analysis – Moving up once more

Traders: This pair finished the correction inside the ascending 4H channel. And now, with RSI 4H div, this pair goes to move up , back to the highest of the 4h channel. Otherwise ,it will drop down to 1.30 which isn’t likely to happen in this chart.

USDCAD Analysis

 

In Another point of View – USDCAD 4H – Potential 290 Pips

-H&S on Daily Chart -Bearish Divergence -Elliot’s Wave

USDCAD Analysis

 

In Another Point of View – Super Flag oppurtunity Long

USDCAD Analysis

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Mohammmad Riad

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