We are looking to potentially long this pair due to the following reasons listed below: 1: Higher time frames remain largely bullish 2: Key Level breakout and change in market structure from bearish to bullish 3: Trendline breakout 4: Bullish falling wedge breakout The consider the frame on multiple time frames before we consider which direction to potentially trade.
Dear Traders, our last setup acted as we described price now have reconfirmed the future trend. If the price break out the previous high structure which will gives us indication of when we can enter. Please like and share! ...
On the 4H timeframe, there is bullish order flow, forming higher highs and higher lows. Price tested a key resistance zone at 1.3650 on the 4H timeframe. A throwback to the key support zone at 1.3590, which is in line with the 38.2% Fibonacci retracement, and a break above the confirmation level at 1.3650 could provide bullish acceleration towards the resistance...
Expecting it to keep pushing upward fresh new trend , my expectation is 1.36955 sit tight mate enjoy the ride. patient is key ...
The BoC takes a more dovish path The Bank of Canada flagged areas sensitive to rising interest rates like the housing sector. The BoC noted that housing activity has fallen sharply and household spending is falling. Furthermore, in the released statement prior to the Q&A BoC’s Macklem stated that the tightening phase will draw to a close, ‘but not there yet’....
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.
hey all., here looking at the dxy i see some strength to the upside then i take a look at usdcad and see we broke structure and have came back for a clean retest and rejection of the breakout area, this with the confluence of bullish divergence this set up looks decent! Disclaimer - trading is risky and you can loose 100% of your balance. information shared is...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD. * Looking at USD/CAD in the coming week 1. Closed the week range bound on the Dollar/CAD. 2. Looking for some Liquidity runs to get some directional perspective. 3. Should we break above looking for short entries towards sell side. 4. Looking to fill some gaps below . lets see how it goes. IF THIS IDEA ASSISTS IN...
usdcad this week was so annoying for me because although I predicted every leg, it hunted me 2 times and didn’t open my position once. now it got 2 QM setups, one for short and one for long. hope to not dodging
Hello guys 👋 The following is a technical analysis that I did on USDCAD on a 4H Timeframe at Forex.com. There will be a slight increase until it touches the trendline and there will be a brief correction to the support area below it. After the trendline break will lead to the resistance area. Very good to wait for confirmation before buying.
there is a good trade on usdcad with a really little stop loss and a very better risk to rivard rashio so simple long right now
nice buys we are already in sl should be in profit if you didnt take profit already its looking like usdcad will give more entries and we also have hidden bullish divergence here keep eye on this setup or continuation
check my previous analysis on this pair this n execution time frame for tight SL and very profitable risk to reward ratio
nice uptrend forming we do have some supply levels to get thru which can be pull back zones or take profit areas but im going to ride the trend as long as i can to 1hr fresh supply zone
Two big events affecting the USD/CAD pair include the CPI reading from Canada yesterday as well as the ongoing debt ceiling crisis in the US. In April, the monthly Canadian headline CPI surged by 0.7%, resulting in an annual rate of 4.4% compared to the previous 4.3%. This increase exceeded the consensus estimates by three-tenths of a percent in both instances....
TP is 1.35404 Based on the price action and gaps that happened, the USD/CAD will rise up to 1.35404. CAD is always best for traders. Good LUck
Fundamental Overview If the Federal Reserve meeting were held today, it is likely that they would maintain the current interest rates due to the ongoing uncertainty surrounding the banking sector. However, it's important to note that market conditions can change rapidly. If the upcoming weekend remains stable without any urgent need to rescue failing banks,...