USDCAD closed a bear candle below its bull channel support last week, leaving the bulls to wonder if this is the beginning of the end! Will the US Dollar recover and bring us back into the bull channel? How do we trade this? We closed a candle below the bull channel, it's reasonable to be biased to short in the short term. The price may want to make contact...
Dear Traders, Our last idea on USDCAD, was a successful one it rejected at our area and dropped 160 pip; with this setup we anticipating price to do a retracement before it drop further. With accurate stop loss and risk management we can successfully achieve our target on this idea. what do you think of USDCAD?
usdcad break support with daily trend line test long term selling setup
USDCAD W1 - The price can form a 3-wave structure from a strong level, which can lead to a price drop to the level of 1.32260 to the lower border of the flat D1 - A triangular structure is formed; when it is fixed beyond the level of the triangle line, a sell entry can be considered. What can you expect? You can consider entering from the level 1.36549...
USD/CAD is forming a Head and Shoulders reversal pattern, potentially signaling the end of this bull channel. The price action has begun to stall and oscillate around the 1.37000 level and is now falling below the 200EMA. We are now faced with a reversal signal in a bull channel. How do we trade this? The probability of profit is greater longing in a bull...
This is for short term Daily candle break the structure lookin for sell Marked Possible Sell zone Once Reached Entry zone Look for Liquidity sweep and BOS in LTF then Enter And this is risky too. Please DYOR before entering the trade.
As it is clear from the chart the price reached the BSL at 1.38275 and them we see a quick down movement. There is 2 bearish FVG and we can see a failure swing happens so that we can expect a bearish move to the closest swing low which is 1.345
The FX:USDCAD pair experiences downward pressure following the release of weaker US inflation data on Tuesday. Moreover, the uptick in crude oil prices is likely supporting the Canadian Dollar (CAD), adding to the pressure on the USD/CAD pair. The technical indicators paint a bearish picture for the USD/CAD pair. The 14-day Relative Strength Index (RSI) below...
i know its an risky trade but i trust my gut, i going shot in this pair as a swing trading and also if had any chance of taking any intraday or scalping trades i am going to take those trades according to its market directions
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With USDCAD today, applying specialized technical analysis, I suggest a counter-trend trade at the marked Supply & Resistance zone on the chart. The applied technical analysis includes: - Market structure, Supply zone. - Mid-frequency. - Outer frequency. - Fibonacci. This trade carries high risk; however, the potential reward justifies it! Good luck Traders!
. 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
This is for short term Marked Possible Sell zone Once Reached Entry zone Look for Liquidity sweep and BOS then Enter And this is risky too. Please DYOR before entering the trade.
📉 USDCAD: Navigating Short Trade Waters with Elliott Wave Precision 🌊📉 Embark on a journey through the waves of USDCAD as we unveil potential short trade opportunities utilizing the precision of Elliott Wave Analysis. Dive into the intricacies of wave patterns, identify key resistance levels, and explore advanced strategies tailored for short trades. This...
Sell USDCAD Double Top M30 CHart - USD/CAD - Double Top Pattern its good chance to sell today Thank you
Hey, i'm posting this since i feel like i have enough confluences to take this short. -DXY Tapped Daily FVG(Probably a strong pull down to the Weekly BISI/EQLs) -Price at Premium & OTE, Breaker Block at .705 Fibonacci -Daily & Weekly FVG -IRL & ERL Cycle being respected
USDCAD broke the Crucial consolidation support, liquidity was grabbed at London session. Going Short On USDCAD