Short-term price action is leaning negative for the USD after spot peaked a little below 1.3615, close to where the USD has topped out a number of times since late February. Price action is bearish (an "evening star" candle pattern formed on the chart since late Friday) which should mean some corrective drift lower in in funds in the near term towards...
So to break this trade down down properly I started by looking on the daily time frame and saw there was a bullish liquidity purge, came down to our 1H time frame to confirm that we are indeed inside of a order block and to be clear about this particular setup its the "Holy Grail" or Elliot wave pattern. To see things a little more clear I've used the 15 or 5 MIN...
💵Pair Name USD/CAD Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🔗 Key Technical / Direction ( Short ) Intra Day Type : Mid Term Swing —————————— Bearish...
USDCAD is trading in range bound with 170 PIPS range. some time ranges are the best things to play just buy the support and sell the resistance. as this one is 170 pips range which can deliver fine risk to reward. currently the price is at resistance level and being rejected due to selling pressure. will the pair head back to support area ? what you guys think of...
Hello Traders, here is the full analysis. Price reversal going up, levels for BUY . USDCAD long ! Great BUY opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I...
✅USD_CAD has been growing recently And the pair seems locally overbought So as the pair is approaching a horizontal resistance around 1.362 Price fall is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
The USD/CAD currency pair is currently experiencing a weekly consolidation phase, indicating a period of indecision and equilibrium between buyers and sellers. Price action has retraced to the 61.8% Fibonacci retracement level, a significant zone where the pair is encountering resistance and struggling to break out. Traders may consider monitoring for signs of...
using two uncorrelated pairs to confirm your trading positions could be very difficult. but in all please stick to your plan, do not risk it all in a trad, anything can happen, nothing is guaranteed in trading.
My dear subscribers, My technical analysis for USDCAD is below: The price is coiling around a solid key level - 1.3573 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.3537 My Stop Loss - 1.3594 About Used Indicators: By the very...
Strong impulse and correction into a previously respected key level. If price can create a wedge pattern and structured exhaustion, well wait for a momentum shift and breakout before entry.
The market is updating the higher lows. However, it's not updating the higher highs, which suggests that bulls are putting pressure on the resistance zone. FX:USDCAD made an impulse move and formed equal highs. The price keeps testing the resistance, and I think the market will break through it. On the daily timeframe, it formed a bullish long-tailed bar, which...
Clearly seen is the entry from 1hr using the Daily TIMEFRAME ,if all key levels hold well ,we can see price rally to that point
Waiting price to mitigate the supply before continue selling
Market Analysis: USD/CAD Gains Bullish Pace USD/CAD is rising and might aim for more gains above the 1.3610 resistance. Important Takeaways for USD/CAD Analysis Today USD/CAD is showing positive signs above the 1.3555 support zone. There was a break above a major bearish trend line with resistance near 1.3575 on the hourly chart at FXOpen. USD/CAD...
Hello traders, Wave 5 is supposed to end at 1.36139-1.36500 zone. Then ABC Correction is aimed at getting to 1.34480 zone. Thanks.
Trade 2 Reason for trade: 4h was bullish 1h was bullish 5m to execute There was LQ Sweep and 5m BOS BB as 3rd confluence and buying pressure as confirmed entry.
Traders, Trendline breaking possible move down towards support levels. DXY also hitting resistance.