This Trade is Based off the Daily TF Price Action and H4 FVG Gap Fill with The H1 Having a Clear Market Structure Shift which I cannot Ignore along with an H4 Inversion FVG . All These confluences aligning with my Bullish Reversal Anticipation at New York Session with News Pushing price higher at 8h30 NY time
USDCAD is back within the channel. The price chart retested the channel boundaries and dynamic resistance. We expect a decline within the channel after overcoming the current level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
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Potential reversal pattern forming, after price rejected off the higher timeframe resistance zone (Weekly). To confirm this pattern as valid, I would first like to see a shift in structure (A breakout of the previous higher low) then wait for price to retest structure as new resistance, showing a shift to a downside towards the 2 zones below to complete the pattern.
Balance of buyers and sellers on the USDCAD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair. ❤️ Please, support our work with like & comment! ❤️
if usd cad manage to break that counter trendline i will be buy. considering the bullish structure of usd
Fundamental Crude oil prices fell sharply after regional tensions eased. With crude oil export output to the US, falling oil prices will cause CAD to weaken Technically, USDCAD has headed towards the 1.3569 support zone, the strengthening of the USD is starting to make an impact, the USDCAD trend may reverse.
i will enter after the liquidity grab this is my forecast for the upcoming week
Price is going back down the discount PD arrays. I will be selling above the Asia range where there is a confluence of multiple HTF PD arrays - H4 Breaker, FVG, and Order block which took out liquidity, so in my opinion price doesn't have to be much higher when the order flow is bearish. Or if I get a strong close below Asia I will be joining the trend...
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
In the 4h, 1h times, it has been moving in a downward channel, which has now hit the specified resistance level after exiting the downward channel and is associated with selling pressure. Two behavioral scenarios in 4h time can be imagined for it. 💎 The first scenario: if it returns with a resistance level, if it does not have the ability to break the zone, it...
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...
I am personally bullish on USDCAS and looking to buy from between 1.350-1.360 with my next target at 1.390. Happy trading
USDCAD showing bullish div on chart,so we can take buy entry as per marked on chart.
Watch for CHOCH on 15m TF enter and ride the bullish train to the Poi for Friday
A short sell trade can be taken in this pair because of a head and shoulder reversal pattern.
USD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will...
welcome here is my usdcad short idea price is clearly bearish on all TF lets see if we can ride a bear wave here