USDCAD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
On the Monthly timeframe, Price has seen test at 1.20483, a VERY Important Price for Long-term POTENTIAL Targets 1.79550 | 1.59368. Hmmm! Test at 1.20483 has sent Price to Caption zone 1.25110 | 1.27834. Inside Caption-zone is Price 1.26210 that gives price 1.34621 potential for upside test. Understanding the Caption-Zone: Successful upside breach of 1.27834...
The dollar cad broke down farther as we predicted last week. Price has since seen a retrace and we will be camping out for a next short. This short will be messy and we will take short scalping moves as the price action is in a wave 4 correction, looking for the final wave 5 down.
USDCAD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
USDCAD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
USDCAD (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
According to my analysis USDCAD is going down for upcoming week once it break support zone 1-Head and Shoulder chart Pattern indicating bearish behavior for upcoming week 2-Price Break The Uptrend Line and Retest the trend line which now acting as raising resistance line Warning: If this pair failed to break support then most probably it move up by making...
USDCAD has formed a shooting star on a weekly timeframe on strong support. At the same time, we see the price has created a series of high low on 4H timeframe. This is highly likely that next week the price will rise up from his zone!!
as we can see the price is in a wedge where it has Bullish Divergence with MACD and there exist a MACD crossover which can be interpreted as the trend reversal we can see some changes in DXY also which may confirm the bullish ness of this instrument there are 2 TPs to capitalize on
USDCAD (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
USDCAD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
USDCAD (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
USDCAD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
USDCAD (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
I expect the price behavior to be in wave 2 and branches 2 and 3 remain corrected. Do you agree?
Here is my view for USDCAD on D1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe and happy new year!
USDCAD (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
usd cad has a great support and expect a great reversal point in long entry advance happy new year happy trading waut for the breakout