USDCAD | Wave analysis of the ticker

The Canadian dollar used to come out on the 3rd of every month. But it has been sideways since the end of last year, and that is why I almost zeroed out trading with it until yesterday. The last update was on January 3 (https://t.me/eightyninewaves/3276). At that time as a hypothesis I was waiting for the wave (iii) on the 1.4 update. And now six months later this hypothesis can be traded.

Yesterday I took a small long on the market with a p/l of about 4, the trade plan is on the chart. I’m not very confident in the trade, but definitely worth a try. :o)

#USDCAD. There is an example of a real-time trading plan for a flat – many have asked.

#USDCAD. We are approaching our targets according to the plan and soon we will start to look for setups for short positions.

#USDCAD. It’s been a long time since I posted a Canadian dollar – it’s going according to the plan.

#USDCAD. Another forex pair without the slightest change. Soon the phase of strengthening of commodity currencies together with this very commodity will be.

A month ago, we have the Canadian dollar updating on the 3d of each month, I showed you the highs (https://t.me/eightyninewaves/322). Back then, the wave [c] of “B” was in question, then I wrote: “there could be 1 or two more tops around 1.4, and if an ending diagonal is formed there in the wave [c] of “B”. That’s how it’s turning out so far.

I continue to wait for the completion of the figure, and I want to trade this diagonal in the wave [c] according to the strategy.

#USDCAD. Tricky zigzags. So far everything is according to the plan.

#USDCAD. Small degrees to the idea from @eightyninewaves. By structure, I would like an ending diagonal [c].

#USDCAD. It looks like a stop will be, it’s offensively… The deal seemed good.

As predicted a month earlier, the Canadian dollar began the final wave of devaluation (https://t.me/eightyninewaves/3124). It could be relatively easy to predict it, and enter a trade with p/l around 2 with almost no risk, especially if you subscribe to premium analytics. But I can’t predict the pair’s reversal to strengthen the Canadian dollar yet, although I plan to look for points for short after updating the October maximum.

Globally, I expect de-dollarization to accelerate in the world very soon. So-called “developed world”, if it wants to remain so, will be forced to impose restrictions on the movement of capital, which is now flowing almost unhindered into the United States, creating record inflation in other countries, and supporting the pants of America itself. The Kremlin, by the way, is also betting on this split, but that’s a completely different story…

#USDCAD. The buy-stop worked, in the channel @eightyninewaves today I will write the details.

#USDCAD. I set a buy-stop.

#USDCAD. Next week we will take a long, most likely.

#USDCAD. If the triangle (iv) works out, then it will be possible to return to the pair’s long position. I will write additionally.

A month ago, a long of pair with the Canadian dollar was confirmed (https://t.me/eightyninewaves/3071), which we took two months ago by limits (https://t.me/eightyninewaves/3028). And now all longs have been got takes, and now we are looking for places to turn into the shorts.

The first confirmation of the completion of the uptrend will be the execution of the wave structure [c] of “B”, in which there is still the wave (v) up. Well, shorting such a powerful trend without confirmation is killing the deposit with falling knives.

Two months ago, I was expecting the completion of the leading diagonal [a] and the beginning of a correction in the wave [b], and a month ago these expectations became a trading plan, trades for which are now in progress (https://t.me/eightyninewaves/3028).

Already in September, the Canadian dollar will weaken to blue fibos on the chart, from where I plan to change my position from long to short. I will not tell you yet with specific stops in shorts, they will appear after the completion of the wave “B”.

#USDCAD. An approximate structure of small degrees according to the markup from the @eightyninewaves channel. My stops are now at the end of (i).

#USDCAD. I forgot to write last week – one out of three limits in long has worked out on the pair.

So far, trading plans cannot be built here, in my opinion. The movement goes sideways by zigzags, it is corrective in nature. The update schedule on the third of each month forces me to look at the Canadian dollar. For now, I suggest just watching and waiting in a few months for an entry point into a short from the blue fibs area.

If you give likes, today I will make another post with a very interesting, perhaps next week, trading ideas.

Share this channel, please, with other people interested in trading. It is very easy for you and it will be very helpful for me. Do appreciate your help
#89waves

You can ask any questions in the chat: https://t.me/ewt_chat

#CAD #USDCAD TF: 6H

Expensive resources and extremely bearish sentiment on the US dollar likely turned the Canadian dollar back on track. As previously expected (https://t.me/eightyninewaves/2903).

I collect short pairs in small volumes. There is no point in calculating p/l yet, because I plan to fix part of the position even below 0.89. If everything goes according to the plan, of course :o)

Share this channel, please, with other people interested in trading. It is very easy for you and it will be very helpful for me. Do appreciate your help
#89waves

You can ask any questions in the chat: https://t.me/ewt_chat

#CAD #USDCAD TF: 4H