This has broken below a support, it now offers a chance to short this further but we need to see a retrace first for an opportunity to enter the trade. A retrace to at least 0.382 Fibonacci is required, then if and when it rebounds the short can be entered with a target of 1.22500 with SL just above the support level.
Looking For a Sell Position USDCAD . Banking on Bearish Trend To Continue Till 1.2606 levels Fibs For TP 1$2
Hello traders, USD/CAD is trading at 1.2692. The price is trading in downward resistance and support channel, it can go further down from here. As the price has given a small pull back now it can continue its down trend and its target price will be at 1.2548. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't...
USDCAD, Pullback to test resistance and Strong Trend Line!
USDCAD ANALYSIS Please consider to put a like to my idea for supporting me & subscribe for more ideas. Idea is not the financial advice!
USCAD shows a very good sign of short position. + Breakout Descending Triangle pattern + Strong Support Becomes Strong Resistance + The Price Action tells Short
Monthly Structure tells a nice price action story. + Exaggerated Divergence + Significant Support + The momentum tell further below + Double Top
Bearish Order Blocks, sell till 1.25 or 1.23, USDCAD on a Bearish move.
Hey everyone Here's a look at the DOLLAR / CAD from the 4H chart, hope you guys are good and having a good one, the pair has been trading inside a bear flag / descending channel possibly signalling continuation with the bears, we saw a break above of this structure but seems it was a false breakout as we see structure hold and looking for continuation with the...
I have broken down the analysis into the weekly timeframe. See links below for monthly outlook. Please leave a like or your comment below 😊. Follow for more updates.
I wish to share with you an update of USDCAD forecast. Price is completing the BC correction on a monthly timeframe. I have included my initial short setup in link below. Please leave a like or your comment below 😊. Follow me for more updates.
IF PRICE CLOSES BELOW 1.30420 SELL @ 1.30400 STOP LOSS: 1.30700 (-30pips) STOP LOSS: 1.30600 (-20pips) TP1: 1.30200 (+20pips) TP2: 1.30000 (+20pips) TP3: 1.29850. (+20pips) TOTAL PIPS = 60pips
wait for the retracement level 62% to be achieved then hop in for sell only until then will you enter the trade
USDCAD will retrace on the previous flip zone then continue down
Whats going on everyone. Todays favoured setup is USDCAD. Im really liking the looks of this setup now that the US dollar and DXY have finished retracing. Now that USDCAD has made a lower high and this is coupled with a perfect test of the 78.6 im really liking shorts here. TP @ 1.292 Hope this helps.
Fib 78.6% retest completed, now to the -27.00% which correlates perfectly with this weekly level.