USDCAD is trading inside a Channel Down pattern that has almost completed 11 months of trend. The technicals on the 1D time-frame are overbought (RSI = 70.266, MACD = 0.007, ADX = 57.395) and that enhances the sell sentiment as the price approaches the top of the Channel Down. The previous LH was priced a little over the 0.786 Fibonacci level. The formation of a...
Good day, traders. We're going to focus on USDCAD.On the daily timescale, there is a bullish trend. I'm going to wait for a pullback from the 1.3700 zone to the 1.3300-1.3400 zone before I start watching for potential upward buys.
USD/CAD has risen just over 4% since its YTD low set in July. And it did so in a relatively straight line. Yet a double top has now formed on the daily chart beneath the April and May highs, with the second ‘top’ coming in the form of a bearish engulfing / outside day. This likely points to at least a minor top over the near-term. Any low-volatility moves towards...
Hey Traders, in today’s trading session we are monitoring USDCAD for a buying opportunity around 1.35200 zone, USDCAD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.35200 support and resistance area. Trade safe, Joe.
Hey Traders, in today’s trading session we are monitoring USDCAD for a selling opportunity around 1.36000 zone, USDCAD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.36000 support and resistance area. Trade safe, Joe.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. USDCAD has been overall bearish trading inside the falling channel in red, however it is currently approaching around the upper trendline. Moreover, the zone 1.365 is a strong resistance. 🏹 So the highlighted red circle is a strong area to look for sell setups as it is...
RESISTANCE @ 1.3573 SLO @ 1.3570 ⏳ TP1 @ 1.3485 TP2 @ 1.3305 TP3 @ 1.3175 TP4 @ 1.2975 SUPPORT @ 1.2925 BLO @ 1.2810 ⏳ — PA on this pair has been insane — ALL three of our TPs were triggered, but ironically it retraced so hard that it returned higher than TP1 — Well, it's time to get paid for the second time. — Here's a new SLO
I'm preparing for the possibility of another uptrend breakout. PA on the USDCAD appears to want to push higher. TP @ 1.3725 BSO @ 1.3575 ⏳ BSO @ 1.3555 ⏳
Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.36000 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.36000 support and resistance zone. Trade safe, Joe.
This pair has made a higher low and made some bullish patterns. this is what I'm expecting in the short term .. and I'm waiting for confirmation PS. Leave your comments and thoughts.
Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.34800 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.34800 support and resistance zone. Trade safe, Joe.
Hey Traders We have a trading opportunity here, Let's see those reasons,,,, Daily chart Daily candle did not close above the resistance area and forming a nice rejection Hourly chart Market formed a Double Top pattern and retesting resistance area We have multiple targets Trade safely with money management Be happy If you agree with our...
Hi Guys, so I expect this week to be interesting, with a lot of analysis by traders and emotions in play. For USDCAD I expect a bullish run in line with weekly Price Action and hopefully, the market will give us that edge, possible entry levels are already indicated, don't forget to manage risk, we minimize losses till we hit the winners and maximize those. All...
usdcad best position for next week target 1 and OB is target 2
We have supply qnd we have strong top And we have break of structure
Price is approaching a multi-swing high resistance level, and it aligns with the 50% Fibonacci Retracement level, which could cause price to reverse from here to our take profit target. Entry: 1.3385 Why we like it: There is a 50% Fibonacci Retracement and a multi-swing high resistance. Stop Loss: 1.3446 Why we like it: There is a pullback resistance. Take...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. USDCAD has been overall bearish trading inside the falling channel in red, however it is currently approaching around the upper trendline. Moreover, the zone 1.345 is a supply zone. 🏹 So the highlighted red circle is a strong area to look for sell setups as it is the...
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