a break below here will unfold the move towards 1.2820 and 1.28, 1.25 is the extension there which will be unlocked once we see a break below the neckline. The 1.34 handle is there to be respected, RSI also looks to break below here to further activate the waterfall. Gl and please remember to give this idea a thumbs up!
Sell below 1.3180. Stop loss at 1.3600. Take profit at 1.2500. Reason for the trading strategy: We remain bearish below 1.3180 resistance (Fibonacci retracement, bearish pullback) especially with the break of our long term ascending-turned-resistance line signalling a bearish exit to be seen for a drop towards at least 1.2500 support (major swing low support,...
Wait for clear signal on long or short USDCAD Need a clearly signal to take action
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Morning traders, Buying has begun like clockwork this morning. With the outlook of near-term USD strength and the risk of a setback in oil prices, we still risks skewed towards a higher usd/cad over the coming months. Aim for 1.35 in the month ahead, wishing you all a great holiday ahead. Please like and comment your ideas!
Hey traders, i'm already involved in a USDCAD trade, but for educational purpose i want to share with you this setup in lower timeframe. As you can see in 4hr chart, we broke and closed below X, that invalidates our previous pattern (even though we're still in that trade) giving us reason to believe price is heading lower. Considering that, i search for selling...
CAD is showing signs of strength, but they are all pumped up by the elections in the US. Its just a matter of time until it will start to go back up. Which colour do you think is more plausible?
Hi traders, not so much on my radar today, but i still want to share one of my short term analysis. As i've explained in the attached analysis USDCAD was at a decision point this week; now it seems to have decided to go up, this is easily understandable from my chart: we have two consecutive break of structure to the upside. This is enough to call it a bullish...
USDCAD Possible Sell Setup. It's possible for the price to go even higher and reach 1.34300, so do not open a sell position until the price break the yellow line and please trade with patience and care. have a nice weekend.
USDCAD has broken through two different trends on the 1H, currently back in a downtrend. We expect price to continue to S2 upon breaking S1, where it can find support at the Potential Reversal Zone before it begins a reversal to retest the 200 MA. Trade Setups: If it breaks S1 in the next few candlesticks, short to S2 Enter long at Potential Reversal Zone, aim...
Will the retracement for the target transpire in this market? I'm not sure but if you can handle the risk, Why not strive for the reward? Good Luck!
Sell trade ,, sell from 1.3255 and tp1 1.3000 tp2 1.2850 tp3 1.2600 ,,, this trade is valid for 6 month
Now, I was riding the gravy train down when USDCAD was bearish. Seriously, before I was miking this pair like a cow that was in my barn. Now, we're just drifting sideways on longer-term timeframes. Still, opportunity exists. For those of you who are unfamiliar, HIDDEN divergence is used for trend continuation trades. Note the disparity between the RSI and price...
Timeframe 60Min Higher time frames suggest bullish sentiments, the current trend has been broken with an impulse awaiting retrace for a buy entry