Hello and welcome to my Trade Idea of the currency pair USD/CAD .
Lets start with the Top Down Analysis.
Monthly: We see on the monthly timeframe a bearish trend with strong bearish candles.
Weekly: The weekly timeframe is very bearish too.
Daily: At the upper trendline a bearish engulfing candlestick formation occurs.
H4: On the h4 timeframe we see a...
Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much...
//Weekly market review & outlook// October started badly, but there could be a turn around soon... Very soon.
October started off with DJI skydiving more than 800 points off its recent peak after US manufacturing data hit its lowest in a decade. Some lost margins were later recovered on Thursday as there is an increase in odds that there will be another...
USDCAD looking nice for sells, trendline almost hit. If the daily close is below the trendline, a correction likely incoming and with the USD news coming out tmr, all we have to hope for is the news align with the analysis. Let's goooo
We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for...
I am seeing a potential inverse head and shoulders pattern on the 4 hour timeframe for this pair. I will have to wait for the completion of the left shoulder for confirmation. So far the pair has been showing bullish signs and had a recent break of its down-trendline from September 19, 2019. Price has been holding highs within a range around 1.3200. Once we see a...
USD/CAD has been ranging since mid September and we're anticipating a break to the downside. If price could break below ~1.3230 and maintain, we can look for sell positions. In addition, price has fallen below 200EMA on Daily and H4.
Let's wait for confirmation to find a sell entry if price breaks and holds below.
TP 1: 1.3180
TP 2: 1.3140
Use this as a guide to develop your own setup
Main Items we see on the 4hs chart:
a)Price Broke out the Ascending Trendline
b)After the breakout, we saw a pullback to the Trendline with clear rejection candlesticks
c)Currently, we can see a decreasing momentum on the bullish movement
d)Based on that and the Bearish Signals we can see on Higher Timeframes we will...
Hello and welcome to my Trade Idea of the currency pair USD/CAD.
Lets start with the Top Down Analysis.
Monthly: We see here nice up and down waves. The trend is bearish because of the L.H's and L.L's.
Weekly: Weekly is bearish too.
Daily: The daily timeframe shows a upside pullback. After the first pullback and fall after that the price bounce from the...
Bearish continuation on UCAD. Target and current 61.8% fib projection/daily support/Weekly Uptrend support (strong confluence) strong bounce expected here over the week. 50 more pips to go on the short!
The last bottom can be the end of the expanding flat and if it's so, we will have a nice up impulse. That's why I want to take a long trade. As you can see, we have a potential reversal pattern at the end. That's why I placed a pending order above the top. The only problem here is the probability of correction under the trendline and more downside....
Where are all the long/bullish teenage teenie boppers at now?
I think they probably had their accounts blown because they over leveraged and are hiding in their parents basement.
Called this since v1.0 on usdcad, sure, it was a little early, but along the way if you used multiple entries with multiple exits on a trade that hadn’t been invalidated then you...
Keep it simple ya’ll. Let’s get a test of the bottom channel and see how price action reacts at that level. Weekly is ripe for a huge move to the downside and so we will patiently wait for a catalyst I.e news, bullish crude and or weak dollar amidst uncertainty.
Follow me and find your freedom.
• MONTHLY - The month of June, market printed a strong bearish engulfing. recent two months after that we have seen a retracement. but expected further declines to the downsides upon this
• WEEKLY - For sometime now we've seen the weekly in a up-trending market. relatively recently that trend was broken this alone is a confirmation of the bearish cycle on UC.-...