Price is coming down to a key area I expect a re test at that area and for price to go up
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Hello guys, as you can see in the Timeframe Weekly, the USDCAD now in range sideways Price Movement Up to 1.38 and Down to 1.32 Since October 2022. 1.38 is the strong Resistant and 1.32 is the Strong Support And now you can see the Price make reverse in 1.38 with bearish candle, potential target is Down until demand area 1.32 The prices will be Up Tren If it...
A possible breakout of a continuation flag in the 4hr timeline. If breakout occurs then price will move upwards to previous highest high, an area of interest/take profit.
Outlook 1: Expecting price falls to the 0.6 fib level around the psychological level of 1.36000. We can also see that that this area has been heavily tested this year. That being said, Lower timeframe confirmation will be necessary as price could easily continue bearishly. Outlook 2: For price to challenge the 0.7 fib level around the psychological level of...
A glimpse of the USDCAD in the first half of 2024 Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
Looking for the 8H H&S to complete with price dropping at least to the daily 50% FIB level. This is also the 8H high from 4/5/24. This area is: -the Monthly bullish .382 FIB level -the Previous month high -the Weekly level of 4/7/24 -the 8H 4/5/24 High Price will either: -break and retest at this area to continue bearish -price can reverse in this area to...
This is my Setup to go Short on Usdcad. Look for the LTF confirmation before taking any kind of entry.
On the USDCAD 15-minute chart, there’s a discernible Elliott Wave pattern. It looks like we’ve witnessed the completion of an impulse phase up to wave (3), followed by a corrective phase that has formed wave (4), which is now complete or near completion. We can see potential for the start of wave (5), which is typically the last wave in the direction of the main...
My dear subscribers, My technical analysis for USDCAD is below: The price is coiling around a solid key level - 1.3685 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.3754 My Stop Loss - 1.3635 About Used Indicators: By the very...
the price is standing at a strong area of resistance since Oct 2022 this area pushes the price each time very strongly. the second entry reason is that the price created this reversal head and shoulders pattern so we can enter a sell trade directly around the neckline
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
Due to the strong support level at the current prices 1.36400 and up trend on short and long term The pair ready to move up again after the correction last few days , so we suggest to buy strongly with target over 1.3740 and the failuretechnical analysis beliw 1.3600 . God luck
There is a possibility of further upside. That's the end of the impulse wave.
The USD/CAD pair is currently encountering resistance at a key liquidity pool, and our algorithms are signaling a potential shift towards a downward trend.
Hello,Friends! USD/CAD pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.364 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
USDCAD leaves multiple bullish clues after a test of a key daily support. One of those is a bullish breakout of a resistance line of a falling parallel channel on an hourly time frame. The pair may bounce today. Goal - 1.3685 ❤️Please, support my work with like, thank you!❤️