Price broke out of the ascending correction and made an ABC correction and now we are about to move down.
On lower timeframe we're waiting for a retest of a minor structure level before moving down.
Goodluck and trade safe!
• If price pushes down to and ideally just below the lower descending trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag.
• If price only pushes down to and...
The price made a false breakout and rolled back to the local trend support level, after which it tries to enter the level retest. I think that a breakdown of the level is possible and I expect growth. Target - 1.276
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
Entered a short on USDCAD. This is a swing trade where I'll be taking profits along the way and moving the trade to BE once LL AND LH are formed. Do note FOMC is on Thursday 2am Singapore time so there might be some consolidation or manipulation prior to that so do trade safe to protect your positions and capital.
welcome to another free trading-setup.
Notice: This is a beta-version of my new system! Please trade it only if you agree and with a decent risk!
ALL TRADES risky ahead FOMC!
Point of Risk-Reduction: 1.25475
Stop-Loss: 14 pips
There is a Trading Signal to Sell in USDCAD Currency Pair.
Traders can open their Sell Trades NOW
⬇️Sell on (H1) Flag breakout or Sell on 1.2614
⭕️SL @ 1.2661
🔵TP1 @ 1.2495
🔵TP2 @ 1.2378
🔵TP3 @ 1.2258
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Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
USDCAD after our previous analysis started a retracement move exactly at the 0.618 Fibonacci level.
The price consolidates now below a structure and according to Plancton's strategy if the market will break above we will set a nice long order.
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
Price continues to rest above the ascending trendline at 1.25658 in line with 61.8% Fibonacci retracement and 161.8% Fibonacci extension. Price is likely to rise to the 1st resistance at 1.27810 which is in line with the horizontal swing high and the 61.8% Fibonacci extension. Our bullish bias is further reinforced by how the stochastic is seen to be approaching...
Based on the technical analysis, and the recent minor fundamental news
USDCAD looks bullish to me overall.
I think marketmakers will be pushing the pair up
That is why we are going long
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Hi Traders, USDCAD on H1 has formed a Flag pattern. After the Flag is expected to go lower
⬇️Sell now or Sell at 1.2614
⭕️SL @ 1.2661
✅TP1 @ 1.2495
✅TP2 @ 1.2378
✅TP3 @ 1.2258
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really...
Price is currently resting on the horizontal pullback support at 0.125390 which is in line with the 161.8% Fibonacci extension and the 50% Fibonacci retracement. We can expect the price to rise up to the 1st resistance which is in line with the horizontal swing high and 127.2% Fibonacci extension level. Our bullish bias is further reinforced by how price is...
#USDCAD Price is trading the sideways market once break the market level 1.25988 its will go to the next resistance level 1.26673
another thing market will be breaking the level 1.25205 its will go to the next support level
Why we like it:
the market will be sideways waiting for a breakout
watch candle close the box
Next supply area &...
Overall, USD/CAD is trending upwards. Recently, USD/CAD rejected the resistance zone of 1.26100.
USD/CAD’s next support zone is at 1.24500 and the next resistance zone is at 1.26100.
Look for short-term selling opportunities of USD/CAD.