In the 1-hour chart, USDCAD has completed its 1-5 waves and completed a correction with wave A. Now, it's poised for a downward movement with wave B, followed by an upward movement with wave C targeting the daily resistance level. From there, a new downward wave can be expected.
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USDCAD in bearish trend with bullish AB=CD chart pattern is indicating reversal from bearish to bullish trend at point D.
Take buys at the current price. Target the recent higher t time frame highs. Leave a message if you wanna join private channel.
ABC correction of recent downtrend in progress. Current bullishtrend should reach at least 37.6k. A from ABC correction hits double top. This is for better structure. Triangles show resistance and weaknesses of chart progression. The current triangle should be repelling it, making chart go more directly toward objective. The w to z waves are to identify a...
All ideas are strictly my interpretation of price action. I am not a professional trader nor are these ideas professional advice. I will try to update my positions frequently .
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. USDCAD TREND-FOLLOWING. 📚 👉As we can see price is still overall bullish from a long-term perspective, trading inside this rising orange channel. 👉Moreover, price approached our rising trendline, lining up with our massive...
Daily: - Inv H&S + Bullish M (Pattern in Pattern) - Bullish RC (took a lot of short orders out) - Daily pattern zone is still respected *Bigger impulse "FIB" is also active *Weekly zone is supports a lot why that last candle formed Weekly: - Market structure (bullish) - LCC / (But bulls are last active power) - Zone (bullish) - FIB (bullish) *Trading above...
USDCAD Showing Bearish Momentum if continues and following ABCD Trade willing to short from here to the next Road Block Resistance
USD/CAD is trading close to a breakout level and the bearish momentum could potentially drive it lower from here. Sell entry is at 1.3673 which is a potential breakout level ( Wait for the 30-min candle to close below this level for confirmation ). Stop loss is at 1.3700 which is a level that lies above a pullback resistance. Take profit is at 1.3627 which is a...
Preferred direction: SELL Comment: The Canadian dollar stands out from other majors today as Canadian labor market data is expected to be released. Previously, we adhered to sell priority and the targets for the previous trading idea can be considered closed. Ahead of today's statistics, we remain bearish and highlight two main scenarios. Scenario №1 is...
Preferred direction: SELL Comment: For the USDCAD currency pair, we continue to adhere to the priority of sales. In our final trading idea for this instrument, we identified two scenarios where one of the selling options was the level of 1.37600 . The price is at this level now. A fall near this level is more likely today (scenario №1) , since there is...
Hello Everyone, The USD/CAD is approaching a critical juncture, where the sustainability of resistance becomes pivotal. Failure to maintain resistance could pave the way for another upward surge. In terms of trends, there's a discernible gradual bullish retracement, indicating a potential long-term bearish outlook. In summary, should the daily resistance prove...
This is the daily chart for USDCAD we have reached a zone for huge sell-offs but some highs need to be cleared before we can move to the next phase of sells. so if you're planning on trading this pair go for sells only leave the buys for now
The Loonie (USD/CAD) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 1.3647 1st Support: 1.3611 1st Resistance: 1.3717 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please...
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.36500 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.36500 support and resistance area. Trade safe, Joe.
The pair is trading in a resistance area for the past week and its now shifted on the down side. Also US dollar loosing power.
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