Earlier I posted a USD/CAD SHORT trade which was unforunately blocked because of a TV house violation I was unaware off bit one that I fully understand. I had an initial target for this trade at 1.3492 which we have reached. There's no sign that this pair have finished selling off following the major Retail Sales shock out of the US. Core Retail Sales were...
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I want price to go a little bit lower to fulfill the imbalance and then to reject from support zone for a long position. Like, comment and subscribe to be in touch with my content!
Hello traders what do you think about USD CAD) (Technical analysis channe) USD CAD) M 30 Team frame 🖼️ looking 👀 bearish candle channel pattern usdcad returning resistance levels 1.35167) fullback short 1.33709) Safe trade ❤ plaes like ❣️ and comments posted)
Still very choppy but im long bias, but in order to take the entry I would be looking for break out of the wedge shape pattern with a 4h close above blue zone above structure. Alternatively I would be looking for a pull back and rejection from the bottom of structure with a long back to the top.
USD-CAD will soon hit The horizontal resistance Of 1.35257 from where We are likely to see A local bearish correction !
As you can see, I expected that the price rose to more than 180 Pips and had a bearish reaction after collecting the liquidity above the previous high. Now, by examining the 12-hour chart we can see the price created the FVG and I expect it to fill in the short term, then we can define a bullish order block where we should study the price in the lower time frame...
The USD/CAD pair on the M30 timeframe exhibits a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Bearish Channel: As visualized on the M30 chart, the price has been confined within a descending...
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here I think we are still bullish, so I am looking for short. I expect price to continue the retracement to fill half of imbalance and then to reject from support zone + institutional big figure 1.34000. Fundamental news: Tomorrow we will see results of Unemployment Rate on CAD. Like,...
Both OANDA:USDJPY and OANDA:USDCAD has similar view, Short opportunity also on usdcad, I'm looking forward to price to test and validate the resistance zone at price 1.34940 , then before going short.
Is USDCAD exhausting at resistance zone? As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 1.3350. What you guys think of it?
as you can see the price has completed 3 drive pattern also RSI divergence confirmed the bearish movement please follow and support for more
15minute timeframe entry After NFP session Friday price has reached new highs. Scaling into lower timeframes we're anticipating the sell off to rebalance market structure.
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⭐️ Smart investment, Strong finance ⭐️ USDCAD INFORMATION: During the early Asian session on Wednesday, the USD/CAD pair ends its four-day losing streak. The recovery of the pair is supported by positive US job openings and consumer confidence data, which contribute to the strengthening of the US dollar (USD). The focus is now on the Federal Reserve (Fed)...
USD-CAD went up to retest The horizontal resistance Of 1.34272from where I think we will see A local move down !
I am waiting for a retrace on USDCAD. After the break and retest of major trendline, i think we will see a sell pressure till the buy zone in the 1.334-1.336 area. This is a good bounce point targeting the 4Hr resistance at 1.3475
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 could fall 138 pips if it can stay below 1.35342 Why 1.35342? Let's just round it and say $1.353 Canadian dollar. The exchange price for the United States Dollar is decreasing which means Canadians are able to buy the Dollar at a cheaper price. Evidence High(H) & Low(L) Per the 4 our timeframe, price is declining. The current falling price of...