Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action to continue after price rejected from bearish order block + trendline. My target is imbalance lower. Fundamental news: Tomorrow (GMT+3) we will see results of...
USDCAD appears to be going bearish at this time. Due to the 2 strong impulses and small correction. I will go short on this pair ONLY if the following criteria is met. - Price returns to the previous level of support with candlestick confirmation - Fibonacci levels enter the 61.8% zone. *always remember to use proper RISK MAANGEMENT*
The sell zone seems solid as the price has been rejected multiple times in the past. I do notice that the price is trading below the Ichimoku cloud, which is a good sign of bearish momentum. Let's see how this plays out. Potential Trade Opportunity: Currency Pair: USDCAD Position: long Risk to Reward Ratio: 3R Trade Parameters: SellLimit: Entry Point:...
Pair : USDCAD ( U.S Dollar / Canadian Dollar ) Description : Break of Structure Head and Shoulder Bullish Channel as Corrective Pattern in Short Time Frame RSI - Divergence Completed " 1234 " Impulsive Waves
Hello Traders In This Chart Usdcad HOURLY Forex Forecast By FOREX PLANET today USDCAD analysis 👆 🟢This Chart includes_ (USDCAD market update) 🟢What is The Next Opportunity on USDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
In the 4-hour timeframe, USD/CAD is exhibiting a bullish trend following a breakout from a falling wedge pattern. This breakout typically suggests a reversal of the prior downward momentum. Traders may anticipate further upward movement in the pair, potentially targeting resistance levels as the bullish sentiment strengthens. However, it's prudent to monitor for...
Hello Traders In This Chart Usdcad HOURLY Forex Forecast By FOREX PLANET today USDCAD analysis 👆 🟢This Chart includes_ (USDCAD market update) 🟢What is The Next Opportunity on USDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. There is a confluence of arguments for a buy, is if price continue the retracement to fill the imbalance and then rejects from trendline + S/R zone + institutional big figure 1.36000. Like,...
USDCAD is long at a H4 chart . All the essential key levels are clearly shown at the chart
Entry: Price broke through the swing low and the trendline with volume. Entry at the bearish zone. Stop Loss: Slightly above the bearish zone. Give stop loss some room to breathe. Take Profit: At TP, the nearish bullish zone.
On the monthly and weekly charts, we have bearish price action.. After a strong bearish run in 2021, the price sought to correct previous imbalance that is about to come to an end. Presently (22.04.2024), we expect price to make one final push higher, thereafter we will be looking for reversal signs.
The reasons why I strongly believe this move will happen are the following: According to the CFTC non-commercials are shorting CAD. Non-commercials have 20,388 positions long and 68,914 positions shorts. This means that they are selling more CAD than they actually buying it. According to this info we could expect a move to the upside. From a monthly...
Welcome back! Let me know your thoughts in the comments! ** USDCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. My point of interest is if price makes a retracement to fill the imbalance lower and then to reject from trendline + S/R zone + institutional big figure 1.36000. Like, comment and...
Towards the end of last year, FX:USDCAD found itself testing the crucial support zone at 1.32. Subsequently, the pair reversed its course and, as of the beginning of February, has been consistently forming higher lows on our daily chart while pressing the significant resistance level at 1.36. I anticipate that this resistance will ultimately be breached, paving...
Pair : USDCAD ( U.S Dollar / Canadian Dollar ) Description : Bullish Channel as an Corrective Pattern in Long Time Frame Break of Structure RSI - Divergence Completed " 12 " Impulsive Waves Demand Zone
Hello Traders In This Chart Usdcad HOURLY Forex Forecast By FOREX PLANET today USDCAD analysis 👆 🟢This Chart includes_ (USDCAD market update) 🟢What is The Next Opportunity on USDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
In the 4-hour timeframe, USD/CAD exhibits a bullish trend, tracking within an ascending channel formation. Favorable entry points include buying after a breakout above resistance levels or upon bullish rejection near support levels. This strategy aligns with the upward momentum observed in the pair, potentially offering profitable trading opportunities.