looking bearish trend in 4h timeframe bec breakout rising wedge
USDCAD, recently broke out of the uptrend and it is now confirmed that price will continue to be bearish. Like and Share :)
Dear Traders, hope all of you had a great weekend, USDCAD approaching a high potential selling area where we can expect price to reverse for short period until DXY settle its market equilibrium. Once it is settled we will expect prices to be bullish for long period. A strong rejection at our ‘golden line’ will indicate us, whether price will reverse or not.
As we are in Deep consolidation phase where we have seen no movement in the price from last 1 week, USDCAD shown some move from yesterday so expecting its further move to be a little retracement and then a decline towards its support of 1.3495 or below
Currently price is in 4 hourly OB ZONE + we can see that there is a divergence also. We may see USDCAD to be bearish from this level or the current resistance level.
this pair has formed a valid trendline with 3+ touches and broke it we waited for a trendline retest and now we entered a short (sell) position Good luck
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: As I expected in my previous analysis price went a little bit higher, filled the imbalance and then rejected from bearish order block + institutional big figure 1.36000. Like, comment and subscribe to be in touch with my content!
Reuters reports dollar retreats from 2 months high. An interesting observation and looking at the charts, we can see a text book chart pattern. Downward trend and a retest to a significant level. We understand a fake out from the descending price could happen. Watch out. Comment what you think
Risk 0.5% TP1 = 1:2 RR Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A...
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bearish market structure from daily perspective, so I am looking for short. I want price to continue the retracement to fill the imbalance higher and then to reject from 4H bearish order block + institutional big figure 1.36000. Like, comment and subscribe to be in touch...
USDCAD Momentum is Strong Bullish, But Still Expected a Deep Pullback Before a Further Buying. Large Liquidity Pool resting Above Market. Lets Wait for Liquidity Grab and Structure Shift to Enter.
Risk 0.5% TP1 = 1:2 RR Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A...
H2 TF FVG is Internal Structure Liquidity to be taken Out by Market. Asian and London Session are Strongly Bullish. Expecting a Fall on Today 7:00PM (PST) News Time. Entry After M5 CHoCH.
Hi, According to my analysis of the USD pair. There is a high probability of falling. The pair broke the strong support at 1.33350. A very negative candle on the weekly chart. He also tested the same area, but could not break through the broken support. Good luck everyone
I have mentioned all the important resistance levels, where we may see sell opportunity on it. I think we do not have to look buying opportunity on it, just sell.
This is just a news prediction, as I do not trade the news. But I can see price retracing for a bit before dropping off to clear the Previous Week Low. Price failed to make a higher high on the hourly chart the broke structure towards the down side. Even if price doesn't retrace to me point of interest, I believe it will drop regardless.
The USD/CAD pair is hovering around 1.3175-80 after experiencing its largest daily decline in eight days. This decline can be attributed to the drop in WTI crude oil price, which is Canada's main export, as well as the stronger US Dollar. The market activity on Tuesday morning in Asia has been slow.
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bearish market structure from 1H timeframe perspective, so I am looking for short. I want price to go a little bit higher to take liquidity above equal highs and to fill the imbalance, then to reject for a short position. Like, comment and subscribe to be in touch with my content!