. 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
Major turn level shows on USDCAD chart. Short opportunity seems on this chart. Risk-Reward is so logical. Trade safe. Good luck.
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
Based on the ascending channel that has lasted for more than 10 days and the formation of a descending head and shoulder pattern after reaching the supply zone within a 4-hour timeframe, the possibility of a price correction according to the chart is plausible.
Dear All, There is 2 harmonic active formations on USD CAD. this is not a financial advice, it is just my notes.
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...
Welcome back! Let me know your thoughts in the comments! ** USDCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
At the moment, the Canadian Dollar (CAD) is exhibiting a bearish trend. Several factors could be influencing this downturn, be it economic data from Canada, global oil prices, or international trade dynamics. It's vital for investors and traders to keep abreast of relevant news and economic indicators from Canada. Always combine insights with personal research and...
Lower low here and then a following lower high, offers up great R. Higher time frame failure to go higher as well. Could be a bit too early to be shorting. But seems like a good opportunity especially with DXY looking heavy.
The price has reached a point of a possible continuation of the downward channel. The price tried to break the channel but immediately got rejected by a bearish candle and the RSI shows a downward momentum. We look for a confirmation for reversal, BUT we have to keep in mind the strong resistance level at 1.36400. We will have a SL just above the structure in...
Caught this entry about 5 pips late due to waiting for confirmation on 30 min candle, I’m expecting it to drop until news on 14th comes out this is not a long term hold AUG 13th max before closing positions i seen that right as 30m candle and 2 hours candle tapped liquidity block it immediately reject expecting a harsh drop after retracement keep stop tight on...
USDCAD SELL STOP Entry point :- 1.33842 Stop lose :- 1.35041 Target 1 :- 1.3264 Target 2 :- 1.3144
Here we have USDCAD.. anticpated the sell off earlier this week but the bulls took over but now I think it is time The yellow trendline represents the DAILY TF break in structure. I anticipate a small retracement and then the drop as we have a nice area that can become supply
Two pairs on watch this morning, USDCAD & CADJPY. Similar plays but crucial differences in WHERE price has come from. Stay sharp.
USDCAD good zone for sell at my idea enter point (when tached zone we will waitting at big chance for enter point ) SL- above zone TP1 - 1.32837 TP2 - 1.31725