Initially I thought this to be a sell. However the upwards imbalance and the fact that it has broken upwards and barely broken downwards makes me believe it will long in the long run. Anyone reading this, just make sure that before entering there’s another up break (we’ve had enough breaks but another one will most definitely confirm it.)
Hi fellow traders, USDCAD seems to be completing the expanding flat correction in WXY formation. Look for a buy opportunity from here and target the resistance levels. Good luck and trade safe!
There's been a long trade opportunity on the dollar-loonie trading chart, following the fake breakout of the price below the 1.28194 horizontal support level. This signals a buy because of the bullish harami candlestick pattern; with the bullish candle closing above the same support level. You can enter the trade around the 1.28294 price level and set your stop...
Hi everyone ,, i hope you had a great weekend ,, Everything is explained on the chart ,, With the FED INTEREST RATE news on 27th,, this will be great trade. If you like the idea give it a BOOST ,, and FOLLOW for more . TRADE SAFELY.
Here is my view for USDCAD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for USDCAD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY currently stands at 103.100 LEVEL. The USD has been slightly WEAK since the MARKET RISK ON in the last few days. Also, at present the CAD FEATURE is at 0.7873 LEVEL. However, CAD is a bit WEAK compared to DXY. Due to this USDCAD is becoming BUY. This is because USD gets a POSITIVE SENTIMENT and USD gets a RATE HIKE SENTIMENT. - Currently the OVERALL...
Market formed an overall uptrend, and now broke a structure in a downwards correction, recent higher low was created on a key market level where it got support and bounced back up, we can enter now, for a better risk to reward ratio, or enter at the point where market broke a structure for a more safe entry. Target: 1.301 (POC) Entry: 1.284 (Point of structure...
Here is my view for USDCAD on D1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for USDCAD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
When it comes to the technical analysis of USDCAD, you might get an impulse to the upside. Based on my technical analysis , there aren't many supports till the Target 1. So you may use this as a buy opportunity. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area; which used to be a support...
Well looking at this trade,it is possible liquidity will be picked before moving upwards but i am looking for only BUYs on this currency!
⛔️ USD does not have such important indicator data to release today. But the most important LABOR DATA for CAD is due out today. It will be released during the NEWYORK SESSION. Most likely it will be POSITIVE. We are waiting. ⛔️ DXY is currently at 98.83 LEVEL. USD has been WEAK for the last few days. But after the FOMC, the USD got a slight POSITIVE...
- Daily >> Price tested and was rejected off 1.25010 support area.. Stochastics over sold and getting ready to rise - 4 Hour >> After being oversold and testing the support line for a time price, price pushed up above the most recent lower high. Bouncing off the 55MA to retrace a bit - 1 hour >> Big bullish impulse breaking the descending trend-line...Triple MAs...
Looking at USDCAD on 1H Currently looking for long/buy position We looking for possible formation of the reaction phase at the current demand zone
If you recall this was the area of demand price did not react to before making a new high, So we are looking to see price come into this area and buy into 1.3000 area.
Here is my view for USDCAD on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
As we can see USDCAD is Bullish from Demand 1.21463 as it removes the Supply 1.24628. We are expecting that market can go long to Weekly Supply Level 1.32770 or forward 1.39000. Because the Supply level 1.32770 considered as Overlap/Weak Area. So we will use confirmation on this level. Our first target is Weekly Supply level 1.32770