USD/CAD is rejecting resistance Trend so there is a great chance for some bearish price action which can lead the price to the downside.
So sorry I thought I posted this idea :( I'm doing really bad at this. Lets see what happens at TP1 that will be our new entry! USD is on the up for a short period lets see if the bullish movement will continue up to the 1.42347 area. We can then wait and see if the bullish candle breaks the resistance zone I've marked and become support letting us ride it all...
Breakout of structure and complete bullish exhaustion and retest
USD CAD SHORT IDEA FFROM THE CAD GDP AND USD CB CONSUNER CONFIDENCE TODAY THE DOLLAR SEEMS TO BE WEAKENING AGAINST THE CANADIAN DOLLAR CONTINUING IN THE CHANNEL USDCAD SHORT CURRENT PRICE
USDCAD is creating lower highs/lows on a 4 hourly descending channel. With MACD gaining strength any pullback towards the channel top may create a hidden bearish divergence which can be treated as an area to look for weakness creating a possible short entry. as an example, using something like a bearish engulfing candlestick in this area is acceptable to trade and...
USDCAD The CAD movement is mostly based on the movement in oil market. As the Canada is one of the major oil exporting countries and their economy is also depends on this type of oil based industries After touching the march low which is 1.33250 it has reached almost 1.40000 level We can expect short term fall back towards 1.36400 which is also a 50%...
The outlined white arrow pathway is the predicted pathway that the USDCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where USDCAD will turn. PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS...
My Analysis on USD CAD, H3 & H4 Timeframe, My Analysis Can be Wrong too don't consider as a signal. Wait For the confirmation and Strong entry reason for it. I am Waiting For Pushback till resistance level and strong entry reason for shorten trade Opportunity. What About You Please tell me in comment. I Would Love to hear your suggestions....
FX:USDCAD OANDA:USDCAD FOREXCOM:USDCAD