We consider buying this USDCAD pair because of a strong support below. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
This position is USD/CAD for the buy with our first take profit at 0% and second take profit at -27% extension. On the 4hr time frame we see bullish engulfing candles off our key golden area. On top of that we are above 200EMA and on the 1 hour time frame we have a key retracement zone with multiple bullish engulfing candles as confirmation for our overall trend...
last week usd cad broke a very important resistance zone and now market is back at the broken structure to retest the area
as we can all see a double bottom on H4 on demand zone
it indicating a good area to buy
look for bullish confirmation on lower time frames and enter long with your own money management
patience & discipline are the keys...
Usdcad - H4 - After a prolonged downtrend on this pair we are now seeing some consistent bullish continuations on H4 timeframes on usdcad so we can jump in with this bullish trend at the next pullback.
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.
The Canadian Dollar had a really strong year against the US dollar correlating nicely with the DXY. After FOMC reports however, the Dollar continues to dig itself out of the hole it was in late 2020 and pairs with the dollar as the dominant, such as FX:USDCAD , have started to experience some upward momentum that I expect to continue for the next few days as...
looks like USD/CAD is about to continue the previous breakout.
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