USDCAD long swing activated. We entering the trade. Risk Reward of 4.87. Entry at @ 1.26260 SL at @ 1.25900 TP at @ 1.27700
USDCAD strong area for buyers to go long. Structural support FX:USDCAD Targets 1.2848 our stops below the trend line Make sure to check your own analysis before entry. Use proper money management Cheers
I believe this pair is in an up trend with the dollar 💵 index DXY. USDCAD pulled back last night, so I’m going to try and join this continuation.
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
USD CAD - looking set for a rebound back towards key 1.325 level.
we did it with the first hit and close at 1.35600 and big view about going up and hit the second zone
will be going long until the finish of corrective wave c which is level 1.00160.
Yesterday I see USDCAD as sell position. But today it breakout level at 1.3372. So now it looks like a buy situation. Buy order - 1,3375 StopLoss - 1,3350 TakeProfit - 1,3465 RiskRewardRatio - 1:3,78
Double botttom and at the base of a strong trendline on 4H May go up as shown
USDCAD 1D : Can Clearly see that Bullish engulfing happened. Then Price Break Resistance Line (Resistance Become Support) @ 1.3100 Target Buy 4H : Price is doing retracement. Wait for buy signal @ minor snr lines (black dotted horizontal line) Preferred buy level is at BRN level. Target entry: Buy Limit @ 1.3100 SL @ 1.3050 (50pips) TP @ 1.3200...
USDCAD 1D: The trend is currently uptrend. A simple trend continuation pattern can be seen clearly on this chart. Price is currently doing retracement. Wait for buy opportunity. 4H- Price is approaching the TL and minor support line @ 4H. Can look for buy signal from that level. Targeted entry level: Buy limit @ 1.3080 SL @ 1.3050 TP @ 1.3200 RRR...
potential bullish butterfly pattern
The BoC rate statement is due out tomorrow and although we are not expecting the rates to change we are expecting the BoC to be slightly dovish in their speech. The oil price keeps falling and the data between this rate decision and the last has not really improved in fact unemployment got worse. I am expecting to see the USD stregthen against the Canadian in the...
We have a clear inverted head and shoulders pattern forming on the USDCAD which would indicate a further move back to previous sresistance. You can play it safe and wait until the price breaks the neckline or like me you could take entry where the second shoulder is forming at the current price with stops below the head
Although we are currently in a downward correction from the June rally I expect this to be limited to the 50% fib which is 12800. The Oil price is helping the CAD hold onto its gains at the moment but the upside in Oil should be limited you can see the analysis on Oil in the linked charts. From the 12800 I would expect the USDCAD to post another rally back to...