USDCAD analysis – by a amateur demo trader đŸ™‚

Not sure of what i am doing…..I’m Trying

USDCAD H4

Source: VEDANTH PATEL

SCAN CAD PAIRS H4

Source: VEDANTH PATEL

USDCAD VS WTICRUDE ----- H1 DAILY PIVOTS ----- H4 WEEKLY PIVOTS

Source: VEDANTH PATEL

USDCAD DAILY - WITH FUTURE MONTHLY PIVOTS

Source: VEDANTH PATEL

USDCAD - WEEKLY TIMEFRAME WITH MONTHLY PIVOTS AND CHANNEL

Source: VEDANTH PATEL

USDCAD H4 - UPDATE 75 PIPS UP - THEN KNOCKED OUT AT BREAK-EVEN

Source: VEDANTH PATEL

USDCAD - WEEKLY TIMEFRAME UPDATE 400 + PIPS

Source: VEDANTH PATEL

2 thoughts on “USDCAD – ANALYSIS”

  1. Ayman A says:

    Hey Vedanth , We are all learning here so make sure you keep posting.

    First I would like to say it would be nice to see your thought process behind the trades besides the screen shot. Like your entry, how you intend to enter and what is your target.

    Beside’s that I like how you Scanned the cad pairs, maybe scanning on longer time frames(if you didnt) as well would help give you more insight. So you took a shot off the m2 while you have a double top on oil and weakness on the cad pairs, Well done. I would expect to see quit a bit of selling at the weekly m3 with traders anticipating a head and shoulders pattern. If it where to go up I would expect next month cpp to act as support. I would also keep in the back of my head, How high do I think oil will reach and why ? something to think about.

    Thanks for the post Vednath hope to see more of them.

  2. Vedanth says:

    Hey Ayman

    Thank you VERY MUCH for commenting on my post….

    I greatly appreciate your feedback….

    I was trying to Analysis USDCAD because Wayne was doing it during the webinar today.

    USDCAD is tricky.

    I took a shot at current WM2 hoping it will get up to WM3. (+150pips)

    That would form the right shoulder.

    The right shoulder also forms at next month’s MM3 and the neckline been next month’s MM2.

    The future Monthly pivots also look close together, do you think that would suggest USDCAD going into a range?

    Thank Ayman

    Vedanth Patel
    Durban, South Africa

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