Hello Traders, here is the full analysis. The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or...
USDCAD is displaying a bullish trend on the 4-hour chart, supported by a breakout above the ascending trendline after completing the 5th wave. The current formation suggests a bullish pattern following a 38% retracement and adherence to an ABC wave structure. Consider potential long entries in anticipation of a continued upward trajectory in the market.
I am waiting for a retrace on USDCAD. After the break and retest of major trendline, i think we will see a sell pressure till the buy zone in the 1.334-1.336 area. This is a good bounce point targeting the 4Hr resistance at 1.3475
Looking for the next 4h candle to reject from the bottom of structure and a close above the blue line to look for buys back up to the top of structure
Looking for a pull back and rejection with a 1h / 4h close on the 1.3500 for continued longs to 1.35400
USDCAD is at the bottom of a trading range and near the Weekly 200EMA which acted as good support in the last bull trend opportunity from July to October. Now that we're here, should we long? How do we trade this? 🤔 We almost have enough price action to justify a long entry. Longing now would be maximally risky because we don't have a good buy signal bar yet....
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: As I expected in my previous analysis price filled perfectly the imbalance and mitigated bearish order block. My target now is 1.32000. Like, comment and subscribe to be in touch with my content!
Hello Traders! This is my idea related to USDCAD H4. I see a small accumulation at the moment, I expect a bearish move taking into consideration this accumulation in the area of the OB. The target is before the FVG. Follow, like, and comment to see my content: www.tradingview.com
The USDCAD has reached a pivotal juncture,reaching into a critical resistance level. While the larger trend remains firmly bullish, I anticipate a temporary pullback before seeking an optimal entry point. 1D Balance Area: As you can see on the attached chart, price has formed a significant balance area on the daily timeframe at the accumulation phase. A Fibonacci...
Merry Christmas Everyone, Dear Traders, This week we waited USD to reverse and show some strong bullish momentum though it did not, however, this week we may see some bullish price movement. It is advisable that we may see uncertain price action due to low liquidity and low volume which is result of holidays worldwide. Good Luck and Trade Safe.
Hello traders I would like to introduce to you my analysis of usdcad, 1H tf long, its base on new creation of buy zone on 1H tf that's still valid because of news that came up last week. We still have here this supply zone that I expect to be broken in next days and we should aim for huge sell zone that we have around 1.352 till 1.35483. So enjoy my idea I would...
USDCAD opened with Lower high and gave a big bearish candle on first day of the week, I was looking at different time frames and saw a symmetrical pattern on the one minute time frame (Using 15 minute to publish, analysis on 1 minute time frame), though I do not recommend using the one minute time frame at the opening but it was a sure bullish move that was...
USDCAD overtaked 9 january high. So i am bollish on usdcad today.
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here I think we have a good short opportunity from premium zone if price continues to go higher to fill the imbalance and then to react from institutional big figure 1.35000. Like, comment and subscribe to be in touch with my content!
. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Firstly, fundamental economic indicators suggest that the US economy has been exhibiting signs of strength, which tends to favor the USD. Positive economic data releases, coupled with the ongoing efforts to boost economic recovery, contribute to a bullish sentiment surrounding the US dollar. As the USD is the base currency in the USD/CAD pair, any positive...
1. US Treasury yields climb, boost dollar: Rising US Treasury yields are providing some support for the dollar, putting mild upward pressure on the USD/CAD pair. 2. US employment data beats expectations: Positive US employment data released yesterday initially strengthened the US dollar, putting upward pressure on USD/CAD. However, concerns about rising US...
H1 - Higher highs. No opposite signs. Until the strong support zone holds I expect the price to move higher further after pullbacks in the short term.