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...
SELLING USD/CAD Entry: 1.4493 Target 1: 1.4402 (91+ pips) Target 2: 1.4307(186+ pips) SL: 1.4575 (82- pips)
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
long looking for the upside trendline. comment your thoughts !
Welcome everyone to this new and fast idea! I just entered a short on USDCAD. Its a longer term trade on the 4H time frame. I will keep you guys updated during the trade! Success and a great week!