The possibility of a further decline with the breaking of the trend line and the withdrawal of liquidity below it and a decline to 1.27 is very likely.
ummm.... this is my analisys thoose are area of damnds near buy where there is alot of liquidity. the trade you see is a sniper entry i took umm very nice trade.
USDCAD opportunity idea. R:R Protected, looking at upside with fundamental pressure to swing this pair.
USDCAD- Price trading inside strong bearish . Impulse Short entries can be taken once price retest the previous low region. Once price rejects that area, we can look at immediate market execution. It’s worth noting that the dovish comments from the Federal Reserve (Fed) officials, including Chairman Jerome Powell, joined softer US employment-linked data to propel...
As there is a crazy ass H&S on Daily timeframe, we have been expecting a short for quite a while. Now we had are retest and started tranding down. My opinion is that its gonna retest the 1.35 as it is the neckline and one of the strongest res./supp. of the H&S. but from there definitely sell. (OFC there were opportunities before to enter...)
I've been following USD/Cad this week and it made a big drop. Price is currently at a major support level and is valid to say it's touching the uptrend line. Should see a pullback, A keynote is the RSI is oversold and crossing on the 1HR Timeframe. I'm going to aim for the 61.8 fib level as the TP Zone and will adjust Stop Loss as price progresses.
FX:USDCAD Trading Forex and other financial products with leverage is highly risky and can result in substantial losses. Trading in the market may not be suitable for everyone. You need to be aware of all the risks and seek the help of independent financial advisors if you have any questions or doubts.
as you can see in the chart that USD/CAD as it a bottom. This will now go long. However over the next couple of day as deduction on personal income/personal spending. So please be cautious. — this information is for educational use only—
USDCAD is expected to rise once more through the weekly correction process and ride the weekly downtrend. Therefore, if it succeeds in rebounding in the daily demand zone, there is a possibility of moving up to the weekly supply zone. And, we expect it to continue declining toward the monthly demand zone through the end of the year.
- Possible bearish pullback price movement towards the support 1.30900 within the next period.
Looking for a technical short on USDCAD for the medium term (1-2weeks).
USDCAD is trading in a downtrend And the pair has retested a resistance cluster From where we are already seeing A bearish reaction so I think that the price Will go lower still
USDCAD (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react...
I am taking a long position in USDCAD as we saw it recently form a cup and handle pattern which is a continuation pattern. As we saw previously there is a bullish trend before the cup and handle pattern so we expect it to continue after the formation of the pattern. As we have seen how beautifully it is going up the same length from the middle of the cup after the...
Price moving in bullish structure. Expecting rejection at POI marked.
USDCAD showing signs of bearish reversal after some days and weeks of rallying. It has perfectly completed and HnS pattern coupled with a nice break and restest, completed the retest with a bearish engulfer as a perfect signal for entry
I sent this up out too long ago ! Took the buy ! Simple break and retest set up ! This candle alone should do justice from what I'm seeing on higher time frames ! Clean rr set up as always ! Let me know what you think