Please don't follow this trade it could go really bad lol
Hello traders. USDCAD showing the perfect structure for sellers. lets hope it shorts asap. fake out spotted on third touch of trend line, Lower low expected after lower high had been created at the Fake out.
#usdcad, 13th-17th weekly bullish bar formed double top. 20th-24th weekly inside bar range confined within the previous bar range. weekly bar 27th-1st July insurance bar. weekly chart setup indication for weakness ahead for target 1.2710. even if breaks 1.2710 then next level is 1.2570 but 1.2710 is ideal profit taking level, expecting range before break 1.2710...
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...
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...
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.
Trade Idea: Buying USDCAD Reasoning: Short term support, RSI bullish divergence, looking for a temporary move higher Entry Level: 1.28700 Take Profit Level: 1.29120 Stop Loss: 1.28510 Risk/Reward: 2.21R Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved...
Head & shoulder reversal pattern Showing a probable downtrend on 4H📉
H&D neckline break and minor structure break high probability for sells.