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
BUY @ 1.25650 Sl @ 1.25380 Tp @ 1.28000 Expecting DOLLAR strength & CAD weakness
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
Overall trend looking good for the continuation of the 4h uptrend.
-Daily Chart >> Price bounced off support and closed above the daily 200 MA. -4 hour chart >> Price bounced off support with a bullish pin bar on the 4 hour chart with stochastics on this chart also rising. Moving averages on the 30 min also crossed with price currently testing the 14MA. -1 hour chart - On the 1 hour chart price is currently testing the...
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!
USDCAD - D Movement Prediction and forecast idea in mid term.
USDCAD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.