{"id":122457,"date":"2018-03-02T07:20:18","date_gmt":"2018-03-02T12:20:18","guid":{"rendered":"http:\/\/countingpips.com\/?p=122457"},"modified":"2018-06-01T15:42:17","modified_gmt":"2018-06-01T15:42:17","slug":"usd-cad-ascending-scallop-pattern","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/03\/usd-cad-ascending-scallop-pattern\/","title":{"rendered":"USD\/CAD Ascending Scallop Pattern"},"content":{"rendered":"
March 2, 2018<\/div>
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By Admiral Markets<\/b><\/p>\n

<\/a><\/p>\n

Source: Admiral Markets MT5<\/a> with MT5SE<\/a> Add-on<\/p>\n

The USD\/CAD has formed a bullish ascending scallop pattern after breaking out from<\/p>\n

the double top (red horizontal line). At this point the price is trying to reach D H3<\/p>\n

pivot that indicates bullish pressure. However as today is Friday, we might see profit<\/p>\n

taking.<\/p>

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Free Reports:<\/p><\/div>\r\n

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<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

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Traders should pay attention to POC zone 1.2790-1.2810. We could see a rejection if<\/p>\n

the price gets to POC zone. Spike above 1.2860 might target 1.2880 and 1.29290.<\/p>\n

However if the price drops below 1.2785 targets are 1.2754 and 1.2713, and the pair<\/p>\n

will be back in consolidation mode again.<\/p>\n

W H3 -Weekly Camarilla Pivot (Weekly Interim Resistance)<\/p>\n

W L3 – Weekly Camarilla Pivot (Weekly Interim Support)<\/p>\n

W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)<\/p>\n

W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)<\/p>\n

D H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)<\/p>\n

D L3 \u2013 Daily Camarilla Pivot (Daily Support)<\/p>\n

D L4 \u2013 Daily H4 Camarilla (Very Strong Daily Support)<\/p>\n

POC – Point Of Confluence (The zone where we expect price to react aka entry zone)<\/p>\n

Article by Admiral Markets<\/b><\/p>\n

Source: USD\/CAD Ascending Scallop Pattern<\/a><\/p>\n

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<\/a><\/p>\n

Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Admiral Markets Source: Admiral Markets MT5 with MT5SE Add-on The USD\/CAD has formed a bullish ascending scallop pattern after breaking out from the double top (red horizontal line). At this point the price is trying to reach D H3 pivot that indicates bullish pressure. However as today is Friday, we might see profit taking. […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-122457","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/122457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=122457"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/122457\/revisions"}],"predecessor-version":[{"id":122463,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/122457\/revisions\/122463"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=122457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=122457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=122457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}