A roughly 20-to-1 return still holds in USDCAD, assuming SL at 1.34
Time Frame 1 MIn RR 1:2 Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A...
Looking at the 1hr timeframe , instrument is forming bullish trend (series of HH,HL). There is a symmetrical triangle pattern (break out confirmed) . Using symmetrical triangle target (1.3550) for TP and stop loss a little below previous HL (1.3395). Risk 2% Reward/Risk : 2 Buy zone : 1.3440 -1.3460 STOP Loss :1.3395 TP: 1.3550
wave analysis Market structure price action liquidity impulse wave correction supply orderblocks
The USD/CAD appears to be doing a recovery from the weekly low as the price bounces off the key level identified on the daily timeframe around the C$1.32000 area. So, I have identified two key levels which we shall be using as a yardstick for trading activities in the new week, and these levels are situated at C$1.32000 and C$1.3500. The coming week is laced with...
FX:USDCAD Hello Traders! This is my analysis for USDCAD for today. In the place, the price is right now in a demand and support zone, and looking to buy it for the next supply zone near! Like if you agree with this idea and comment with your opinion!
looking for long position on the usd/cad SL 1.3400 targets as seen on the chart , on the same time DXY has revers from the low i expect next week all us pairs will begin the rally. good luck,,,
Called this long position in the chat ! Clean rr ! Simple break and retest set up. UC was consolidating before tapping back into profit. We should see price continue to go bullish here until we tap the resistance level above ! We'll see how this one goes. Partials were taken so this set up is running risk free !
The price will go up to around 1.34951, if the price can break the resistance, it will go up to 1.35846 or more this just my prediction, i will not share my analysis here at this time Dont worry, sometimes I share a complete analysis along with an explanation, it's a shame I can't share it in every post! Say tune buddy!
Pair: USDCAD Analysis: Chart Patterns + Highs & Lows + Impulses & Corrections Directional Bias: Short Type: Swing. Entry: Reversal Patterns & Continuation Corrective Structure on the LTF's. ⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not...
Basing on demand and supply principles I think this pair shall buy towards that supply zone
Price has formed a V-TOP chart pattern formation as you can see in 4H timeframe and also managed to close below 4H low which means that our structure now turned to bearish again. due to V-TOP formation price formed a bearish engulfing candle in Daily timeframe which is a strong signal for bearish move and also as we can see we are in overall in bearish move so we...
As you can see a new peak formation has been created and we are now looking for sell. So as you saw with the Fed Chair Powell hinting that Fed could begin to pivot and perhaps a lower then expected interest rate hike coming in DEC 14th .. cause the US Dollar to weaken and now we can confirm a new PFH has taken place ... We look to take sell setups on USDCAD ..
Analysis of #USDCAD Hi traders, today we will have a look at #USDCAD The USDCAD formed a confirmed bearish head and shoulder pattern, for me this is a valid reversal head and shoulder pattern ;), since we have a confirmed break out of the neckline I am only looking for a sell entry now. As you can see on my chart, i am looking to sell at the right shoulder...
USDCAD is falling after the dollar index. I marked on the chart the important level of 1.35029, in comparison with which the price makes a false-break and forms the pattern "Head & Shoulders". The upward price channel can be broken, but only if the price breaks the support of the "H&S" pattern or the support of the price channel. The key level is 1.33874, against...
The price has broken the progress line in the 4-hour period and we expect a decline to the specified Tp
USDCAD good point to look after big short impulse usdcad searching for correction and confirmed a pattern so wait and enjoy winning
Considering the behavior of the price in the current support range, the uptrend is expected to start If the price crosses the support range as well as the support trend line, the downward trend will continue