USDCAD CHART ANALYSIS LONG!!! Make sure you do your research and based on your confluence please look for the entry. Trade safe use proper risk management always.
In this area its we may be looking at executing our short trades but for us to do that we need to wait for a confirmation candlestick so we can enter our trades..
i can see good order block at this price ........... ........... .............. .................
Hello dear fellows , In todays session i might trade in USDCAD , as we saw yesterday it played v well against CAD , and chances are CAD might remain under pressure . we got nice discount in early Asian session . Risk is pretty affordable . Trade with risk Management . Best of Luck !
Hello traders, If we manage to get a pullback after such a parabolic move towards the upside and break the 200 moving average on the 4h This trade has potential to move towards the upside much more. I suggest waiting on this one for some rejection before considering to enter the market :)
USD CAD is expected to move up from the 1.341 level to 1.355 level. Entry - 1.3416 TP - 1.3549 SL - 1.3316 Risk only 5% in this trade.
USDCAD has been in a bullish trend for half of month continues make HL Now price is testing the previous supply zone If the price effectively breaks through the resistance zone, When resistance turns into support (if there is no enough bull momentum, it may backtest serval times) and clear bullish signals appear in this zone, can try to do long order entry, TP,...
1 Has the 12/36 EMA crossed up yet? yes 2- Do we have a support line at the current price (EMA 36 -200) ? yes 3. Has the price broken above ema200 yet? yes 4. Has the price broken out creating a 1-2-3 pattern? yes 5. Does the price action show the advantage of the Buyer? yes R:R Score 85/100 Comment : the price is moving nearly supply zone
supply zone for short 1.3525-65, stop loss: 1.3585, target 1.3330 & 1.3290.
If you read my previous post you'll see why I am expecting a bearish UCad. However, on this chart, I am looking for UCad to decline in the yellow area. Especially since it's an NFP week.
If price takes out that EQH liquidity, re-entry for short will be my idea
Long then short. Likely will test 1,357 - daily ma50 and the trend line h4. H1 structure at the moment is the wxy in the process. trade safe
4H bearish market structure as it can be seen in the chart, price just below an important structural point where price bounces up and down several times and shows that the area is important for traders. there are 2 areas that price can tap into and reject from, one of them is a local top in recent price bullish corrective move, price can take out liquidity from...
Here is my daily idea for usdcad tell me your opionion
Chart Says it all. Observing the price in these 2 US session. Trade upon conditions Met. Do Comment on the idea
USDCAD is really a worldwide political-news related pair! OIL is not so predictable these days. there are unpredictable conflicts around the world. But the pair is going to move in a clear channel after following undecidable hours! REMEMBER! This analysis is valid until any BIG news related to oil market. I think the bearish setup is more probable here but...
Exited Main down trend pitchfork , Change direction with Inverted head & shoulder pattern, Trade amount you can afford.
USDCAD: Potential downward movement. USDCAD touch resistance area on 4h chart. And finaly break support area on 15 minute timeframe i am looking for retest. if retest with candlestick pattern i will enter for sell