Plan your trades and trade your plan. The weekly planning session is one of the most important things you can do as a trader. In this session, I analysed the Currency Index basket of the USD, EUR, GBP, CAD, CHF, AUD, NZD, and JPY. The strength lies with the USD, the rest are still in a confirmed downtrend.
USD/CAD has just bounced off a key support level (50.0% Fibonacci retracement level) and is climbing higher. Buy entry is at market (1.3724). Stop loss is at 1.3693 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is between 1.3740 and 1.3753 which is a resistance zone that is bounded by the 50.0%...
USD/CAD is trading close to an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.3632 which is an overlap support. Stop loss is at 1.3600 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level. Take profit is at 1.3717 which is a pullback resistance that aligns with the...
Today's focus: USDCAD Pattern – consolidation pattern break (continuation) Support – 1.3650 Resistance – 1.3780, 1.3830 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at USDCAD on its daily chart. Today, we are wondering if the USDCAD is setting off on a new move higher after holding support. Price continues to test at the...
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
Hey Rich Friends, Happy Tuesday! Here is my technical analysis for USDCAD. Always check the news and cross-reference the indicators on your chart before entering any trades. I think that there are opportunities to sell and here is what I am looking at: - The market has already rejected a previous supply zone on the weekly time frame - There is an evening star...
USD/CAD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.3702 which is a pullback support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 1.3608 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 1.3828...
In this episode I share my results in the two week competition I'm participating in. I talk about changes to The Leap competition and also discuss the ways I avoid boredom while trading.
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
Trad idea for the community. Usdcad Eurusd gbpjpu
Welcome to our latest analysis of the USDCAD currency pair! In this video, we delve into the current market conditions, dissecting key trends and providing insights to help you navigate the dynamic forex landscape. Join us as we analyze recent price action, identifying critical support and resistance levels that are shaping the USDCAD's trajectory. From...
USD/CAD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.3738 which is a pullback support that aligns with a 38.2% Fibonacci retracement level. Stop loss is at 1.3715 which is a level that lies underneath an overlap support. Take profit is at 1.3807 which is a pullback resistance that aligns...
looking for a pullback. Market already broke the previous low. I am looking for a pullback to form so I can enter the market safely.
USD/CAD could fall towards a potential breakout level and drop lower from here. Sell entry is at 1.3689 which is a potential breakout level ( wait for the 1-hr candle to close below 1.3689 for confirmation ). Stop loss is at 1.3735 which is a level that sits above the 100.0% Fibonacci projection and a pullback resistance. Take profit is at 1.3628 which is a...
Welcome back! Let me know your thoughts in the comments! ** USDCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
USDCAD Technical Analysis - The USDCAD pair breaks the key resistance area and extends the rally above the channel. daily chart, We can see that USDCAD broke the key resistance of 1.3620 following the hot US CPI report and extended the climb to the top of the channel. This has opened the door for a climb to the 1/3862 resistance, so buyers will look for...
I am sharing steps to do analysis and how to wait for a low risk trading execution.
Everything was pretty much said in the video. Basically price reached a higher timeframe Premium Array on the 3D chart, so now I have the expectation of lower prices based on the lower timeframe Premium Arrays, specifically a 2h Sibi. Today is CPI, so anything can happen. Price can always go above and beyond what is ordinary in such events. - R2F