USD/CAD is consolidating, & its about to retest the support. it already tested the resistance & is currently in a down trend. I believe its gonna continue down to the support! Let me Know what you think?!
nice buys we are already in sl should be in profit if you didnt take profit already its looking like usdcad will give more entries and we also have hidden bullish divergence here keep eye on this setup or continuation
nice uptrend forming we do have some supply levels to get thru which can be pull back zones or take profit areas but im going to ride the trend as long as i can to 1hr fresh supply zone
On the 1H timeframe, price is showing strong bearish correction. A pullback to the resistance zone at 1.35, which coincides with the 61.8% Fibonacci retracement, and a break below downside confirmation at 1.345 could present an opportunity to play the drop to the resistance-turned-support zone at 1.342. Price is holding below ichimoku clouds and 20 EMA, supporting...
Two big events affecting the USD/CAD pair include the CPI reading from Canada yesterday as well as the ongoing debt ceiling crisis in the US. In April, the monthly Canadian headline CPI surged by 0.7%, resulting in an annual rate of 4.4% compared to the previous 4.3%. This increase exceeded the consensus estimates by three-tenths of a percent in both instances....
usdcad made a peak formation on monday (multisession m ) so today i was looking for a break of the asian numbers upwards, then a trapping setup. which I saw. usdcad has completed level 1 of the markemaker cycle. Looking to go short tomorrow for level 2 my forex funds 100k challenge phase 2 Balance 104,499 Target 105,000
Fundamental Overview If the Federal Reserve meeting were held today, it is likely that they would maintain the current interest rates due to the ongoing uncertainty surrounding the banking sector. However, it's important to note that market conditions can change rapidly. If the upcoming weekend remains stable without any urgent need to rescue failing banks,...
Usdcad is exactly moved according my previous analysis and give us 230+ pips ( tagged ). Market is trading in symmetrical triangle pattern and near the resistance area, if market hold resistance and reject from the area you can sell I expect some bearish move from this zone. Always trade safe and must use stop loss. If you like this idea kindly appreciate with...
The previous CAD CPI data marked a significant turning point, with CAD having a 2 week hangover and the basket of major currencies getting a wild ride against the weakened CAD. Could we see the opposite this time around? USD is seeing significant strength against the basket but is starting to look ripe for a pullback. If we see another strong day for USD...
Still seen if Supply is still strong to be penetrated, this allows the downside to still occur.
An almost risky position on USDCAD I think buyers have been on a long journey and they are a little bit tired ,they need to rest .
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 1.36000. Like, comment and subscribe to be in...
usdcad have a massive demand zone up ahead and I believe there is a good chance to take a r/r=3 or more from this short position.
Lower highs and lower lows, potentially making a lower high since it broke the counter trendline on the 1 hour time frame. So now we are expecting price to continue it's way down.
Price broke below a key resistance-turned-support zone at 1.3520 on the D1 timeframe. A pullback to this zone, which is in line with the 78.6% Fibonacci extension level, could provide the bearish acceleration to the next support zone at 1.3320, which coincides with the 261.8% Fibonacci extension. Price is holding below the 20 EMA and Ichimoku cloud, supporting our...
The Ivey Purchasing Managers Index (PMI) in Canada, which measures the month-to-month variation in economic activity, dropped to 56.8 (seasonally adjusted) in April from 58.2 in March. However, this was a smaller drop than the market had expected, with the consensus forecast at 54.8. Following the release of the data, USD/CAD initially moved towards daily lows but...
1. Double top being formed indicating a trend reversal. 2. Divergence on RSI 3. Lower High and Lower low being formed 4. Bearish Candle ,which could lead to another higher low When to enter? We can short the pair , once the price breaks the neck line.
welcome here is my usdcad idea its based on market bullish on higher tf like m, w, d will we see a retest of weekly pivot area im thankful to see how this setup plays out