usdcad made bearish candle so i am looking sell position today...
USDCAD overtaked 9 january high. So i am bollish on usdcad today.
Recently, the USDCAD has demonstrated a strong downward trend, touching a significant support level on both daily and weekly charts. In the accompanying video, a detailed examination of this trend is presented, carefully analysing price movements and identifying possible trading opportunities through a thorough analysis across multiple timeframes, ranging from...
Previously it was quite strong sell on H$ chart and the current structure showing weak buyer indicates still in selling momentum. Possible sell opportunity for intraday set up, waiting for valid swing low to be formed when internal (H1) swing low to be broken. As long as no minor swing low (choch) formed, no sell opportunity.
USDCAD, recently broke out of the uptrend and it is now confirmed that price will continue to be bearish. Like and Share :)
Dear Traders, hope all of you had a great weekend, USDCAD approaching a high potential selling area where we can expect price to reverse for short period until DXY settle its market equilibrium. Once it is settled we will expect prices to be bullish for long period. A strong rejection at our ‘golden line’ will indicate us, whether price will reverse or not.
Reuters reports dollar retreats from 2 months high. An interesting observation and looking at the charts, we can see a text book chart pattern. Downward trend and a retest to a significant level. We understand a fake out from the descending price could happen. Watch out. Comment what you think
Risk 0.5% TP1 = 1:2 RR 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...
Here is my analysis for USDCAD on H4 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USD-CAD broke a support Cluster of the horizontal And rising support levels Around 1.358 and the Breakout is confirmed Because the 4H candle Closed below the confluence So a bearish continuaton Is now to be expected on The pair after the Potential pullback !
A possible retrace on 2 hour supply, sweeping all internal liquidities then proceed to sweep external liquidities down to 1.30494 demand area.
Hey Eveeyone, hope you are doing great, USDCAD has been bearish since last week due to CAD being extremely bullish. So what we are looking at right now with USDCAD is we expect this pair to drop a bit more as now more buyers will come in the market and more likely stop hunts will begin. GOOD LUCK and Trade Safe!!!!
#USDCAD USDCAD is now quite BUY. The dollar started to strengthen slightly because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that...
Dear traders, USDCAD from our first setup we have achieved 800+ pips, that was a buying setup and now we are looking at selling opportunity. We had mixed NFP and CPI data outcome though we still have fed meeting announcement where we expect price to be bullish for short term until it reaches our target zone. Overall we are bearish on the trade.
Dear Traders, Hope you all doing great, we have found ourselves in a perfect zone to go long on USDCAD, with minimum of risk to maximum of profit setup. DXY is expected to continue its bullish momentum since it reversed. Let's not miss out the big movement!. Good Luck!!
Dear Traders, our last two setup on USDCAD has been smashing with over 900+ combined we have achieved and now we are focusing on the final target, let's not miss it, although we have CPI it has been taken into consideration before analysing.
Dear Traders, hope you are good- we have got good entry last week on this pair and now we have got an opportunity to renter again to catch the last trend. Good Luck and Trade Safe!! Also Check out our previous setup on USDCAD to see how accurate we were!!
Well, As you can see the price is in the trading range and there is liquidity on both sides of this range that can be interesting for the price to collect them. For now, we expect the price to collect the liquidity pool below 1.33164 and then touch the demand zone or move to a higher target that you can see on the chart. 💡Wait for the update! 🗓️25/01/2023 🔎...