Hello Traders ! As you can see, USDCAD has a repetitive behavior on the upper trend line on the daily chart. On the lower time frame (4H, 1H) I will be waiting for a continuation pattern for more downside. If the price went higher, I will be focusing on taking a reversal pattern on the upper TL. #PATIENCEISKEY #THEPRIMES #SIMPLICITY
after the creation of the reversal figure ''Double Top'' we wait for the break of the neckline and the closing of a candle above it after we can take the sell position
If we reject the 1.28687 level will look for longs back to swing highs at 1.30788, but if we can break and retest the level will look for sells back down to the range at 1.26181. If you agree drop a like and if you have any questions leave a comment :)
The market of USDCAD made fake breakout to descending trendline and now moving downside. I believe USDCAD will fall more. Better to look sell opportunity on it.
USDCAD Sell/Short, Continuation of Downtrend. Entry: 1.29454 1) Has lined up with golden level 0.618 Fibonacci retracement level for recent swing high 2) Top of a short term bear flag channel and short term recent resistance Stop Loss: 1.29834 1) Above 0.786 Fibonacci retracement level 2) Just above some swing highs on Daily Chart Take profit (3): 1.27059 TP1...
As we can see the price has been moving in a bullish direction for several days. We are starting to see signs of potential market exhaustion which could signal a potential reversal. There has been a change in market structure from bullish to bearish as we can see from the breakout of the key level. The entry for this trade was at the test of the key level and the...
USDCAD Intraday - We look to Buy at 1.2850 (stop at 1.2790) Previous support located at 1.2900. Previous resistance located at 1.2950. There is no clear indication that the upward move is coming to an end. Risk/Reward would be poor to call a buy from current levels. A move through 1.2950 will confirm the bullish momentum. Our profit targets will be 1.3000...
This signal is seen in 4 hours. As you know, the signal is not suitable for people who want to finish the transaction quickly
The numbers have been released in favor of CAD to USD. Looking to sell to 1.278 atleast.
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. Please also refer to the Important Risk Notice linked below.
USDCAD is currently DOWN. This is because CAD is STRONG. They are currently working to STRONG USD. So it could be STOCKS DOWN again. But right now USDCAD is going down very well in a DOWNSIDE CHANNEL. We think it will be down to 1.2714 LEVEL again due to some NEGATIVE SENTIMENT given by FED. However, the USDCAD UP will have the opportunity to return to...
A formating of three white soldiers can be seen on 1Hr time frame of the USDCAD chart that depicts the short-term price hike in the instrument.
Updating last week's chart as I didn't get the LH I wanted. If price can touch 1.86, just tapping into the resistance I'll enter a sell to 1.278. I have my alert set but will check every hour. up until 12pm EST to see what the price does.
The Canadian dollar appears to be gaining momentum on the back of lower Treasury yields and weaker US data as we head into the new week. From a technical perspective, the multiple rejections of the 1.030500 area in the space of a month further emphasize the strength of the sellers at this juncture in the market hereby raising my inclination for a selling...
USDCAD is making lower lows on the hourly timeframe. We are considering selling a pullback from previous resistance zone. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Here is my view for USDCAD on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USDCAD got rejected at the resistance and began to fall. We also see that the pair created a head and shoulders pattern on lower timeframe which may confirm the bearish move. I expect the market to keep falling with goal to 1.254. Please support my work with likes and comments.