Welcome to our weekly trade setup ( USDCAD )!
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1 HOUR
Very bullish price action.
4 HOUR
Overall market about to turn bullish now..
DAILY
Expecting more bullish pressure.
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FOREX SWING
BUY USDCAD
ENTRY LEVEL @ 1.27090
SL @ 1.26670
TP @ 1.27680
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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buy stop 1.28125
S/L: 1.27981
T/P 1: 1.28696
T/P 2: 1.29519
preconditions:
-Global uptrend
-Local uptrend
-Accumulation zone
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After a series of bears taking over in the past few months one can say we are now nearing at a point where things have to change. However things won't just change at an instant, UsdCad reached the monthly demand not so far ago but it is still hesitant in going to the up side thou logically one would expect it to be.
In the past 3 days UC has been dominated by...
the price is in the downtrend since last April and hitting the lowest of March 2018. As the fud is going to accept Bitcoin as a new currency and Dollar is going to die. In my opinion, it is not going to happen for almost a decade. So going long on USDCAD
USDCAD is painting a clear head and shoulders pattern. It hasn't break the neckline though.
the question is: is there more downside to come, or is this a trick to get shorts trapped at the bottom?
I'm long as long as the neckline isn't broken. we'll see.
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
USDCAD 4HR :
After crossing the triangle pattern price moving towards 1.26500..Since this fresh 4HR support Zone and also Fresh Weekly Support Zone..
Price Tends to Move up..Wait For Confirmation And then GO LONG..
USDCAD has broken a daily support level and is now falling to a key demand level where we can expect some kind of a rejection. If price action permits, we can look to this level for a potential buy opportunity and aim for a test of the previous support, now turned resistance. If that level does not hold, then we can continue to hold our longs for higher highs on...
Technical Overview: - USD/CAD
DXY NFP last Friday was the juice needed to push price lower.
We are bullish from a higher time frame perspective, so we only look for buy potential entries
we do understand that smaller time frame suggests downside, this could be used as an opportunity to enter in when price is falling.
Analysis is only 1 piece of the puzzle...
This one is the worst of the worst. The RBC couldn't steal, print or borrow one more dime - not even a Canadian one - even if their lives depended on it. (Which it just might)
Whom are they kidding?! Ride it up like a rented mule!
Chances are ....
.... this isn't coming back much, if at all.
Technical Overview: - USD/CAD
While the the obvious trend is bearish, we are out here doing the opposite.
Trading is all about your mental decisions, and our outlook changes our outcome.
Since price had dropped, this created a huge discount for hedge funds to enter in on cheaper prices.
We are bullish simply because price is oversold from a HTF.
Smaller time frame...
