USD/CAD: loonie is starting to fight

USD/CAD: loonie is starting to fight

Recommendation: SELL 1.326 SL 1.3315 TP1 1.316 TP2 1.305

On the daily chart of USD/CAD, the formation of the senior and junior AB=CD patterns provoked a pullback in line with the “Three moves” pattern. The pair formed an inside bar. The break of its lower border will allow bears to count on the continuation of the decline to support at 1.305. 

CAD1.png 

On H1, USD/CAD formed 113% target of a “Shark”. Pullbacks towards 38.2% and 50% are usually used for selling. A break of resistance at 1.3355, on the other hand, will increase the risks of uptrend’s resumption.

CAD2.png

Similar

Popular

EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera