AUD/CAD Is FLYING Congratulations If U Entered With Me after the price hit a strong area of supp the price gave a very good bullish price action so we can enter a buy trade now
Cadpairs
Canadian Dollar - CAD - pairs(This post is to be a collection place/"container" for all CAD - Canadian Dollar - and related pairs.
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After weeks of consolidation near the bottom of a rising, long-term, weekly price trend channel, the USDCAD looks to be poised for a near-term, +500 pt topside breakout, toward visible targets around the 1.3650s level.
The well-formed, large bullish Wedge further suggests a potentially swift, upward price move.
The USDCAD Daily;
CAD/JPY PLAN.Greetings to traders from across the globe,
Allow me to introduce myself as Alexandre Karim , and I shall now embark upon presenting my comprehensive analysis pertaining to the CAD/JPY exchange rate.
Firstly, it is patently evident that an upwardly inclining channel has been manifesting itself since the advent of the year 2020.
Furthermore, it is noteworthy that the price has, as of September 2022, achieved an altitude of profound psychological significance, a threshold last scaled in 2014.
At present, our valuation hovers marginally above this critical juncture, with figures oscillating betwixt the range of 109 and 111.
In the current milieu, the price has attained a region of resolute rejection, dating back to the month of September in the year 2022.
Notably, this phase is characterized by a corrective phase coupled with a constriction in price movement, potentially indicative of a forthcoming reversal trend in the downward trajectory, discerningly denominated as the "Rising Wedge."
I, personally, am adopting a posture of vigilant anticipation, poised for a descent or a breach in the prevailing structural framework, which would prompt the execution of a short position. In the event that the price breaches these thresholds and eludes my initial trade entry, I shall maintain my vigil for the emergence of a subsequent pattern indicative of a continuation of the downtrend, thereby facilitating the initiation of a short position.
In this endeavor, it is imperative to underscore the pivotal role of patience.
#THEPRIMES
CADJPY - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
CADJPY Plan.Hello traders around the world!
CADJPY on the weekly chart is looking great as the price is reaching a key area on the upper trend line.
I won't be focusing on long positions in these 3 areas. I will be focusing on taking reversal patterns for short positions.
1st area is at the weekly upper TL around 115.000
2nd area is at the mass psychology rejection line around 125.544
3rd area is at the higher mass psychology rejection line around 137.390
Always wait for the right pattern before executing.
Patience is key.
#ThePrimes
CADJPY NEXT MOVE !Hello Traders Around The World!
CADJPY looking amazing. Beautiful set up for a short position plan.
As you can see, CADJPY reached a mass psychology at 106.513.
The price started to test this area with a correction + Ascending channel.
I will be focusing on taking a reversal pattern in this area & execute when the price breaks to the downside.
Patience is key.
#ThePrimes
GBPCAD,AUDCAD,EURCAD and NZDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
NZD/CAD ShortA perfect buy setup of the pair. as we approach the CAD CPI, we expect it to have a very negative impact on the CAD and thus support the pair. The market structure has a perfect WXY pattern that makes the pair very attractive for the coming even. good trade manangement required.
USDCAD 4th touch resistance 131.00 - 131.65 zone
already in the sell with a stop at 1.337
Been my lucky number to sell at that area for 2 years now. Still selling at 1.337 lol
If we curve I will look for USD continued buy with an inv head n shoulder pattern on daily as well as 4H and 1HR. If not I will continue to sell.
