The macro sentiment for the dollar is clear, we are expecting upside in 2022 and the fear is the market due to the OMNICRON strain as well as the fed's hawkish stance is accelerating this. Unless there's a macro uturn in the fed's policies, we should see price reach 1.30 some time soon.
studying the USDCAD chart, the AD showed me a cup/handle pattern forming. i'm currently short the handle a short term play, but long term bullish on usdcad. I do see an inverted head and shoulders pattern potentially forming, inside of a potential bullish flag forming. based on wave count I see continue downside selling pressure short term. I will be a buyer of...
im currently tracking the bearish divergence on usdcad, I see a cup/handle pattern forming. Looking to short the handle til AD finds support
Here's my prediction for USDCAD H1, you can look out on LTF on the Order Block. Or you can also put pending buy and take 10R.
USDCAD failed to make a new HH, but goind down to Fibo 50-61.8 Influence zone. We are still in Up trend. Are we in the distribution or is this just a retracement?
Here's my analysis for USDCAD Chart on H4. Trade safe!
The dollar cad finally breaks out of the channel that it was trading in and we should see more upside in the coming weeks. But this upside move is capped by strong resistance areas and there isn't much of a room to go. I'd control my risk and stay agile if I were you.
Hello everyone, I am shorting USDCAD for 135 pips with tight sl we are at demand
USDCAD Update Trend and Wave Analysis The previous analysis was invalid and this analysis is correct
Hi fellow traders, look for more downside on USDCAD as the correction has completed and oil is ready to move higher. Goodluck!
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 watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...
The candlestick pattern shows a weakness in bullish trend, a short-term rest is expected for USDCAD. The level 0.61 of Fib-Ret will be the next target at 1.29784. According to Chart Patterns, an ascending triangle would be detected at the mentioned level. Final target could be at 1.37. Please share and enjoy trading!
Break of structure for potential downside movement , worse scenario is when price violates and continue to the upside due to higher tf point of interest above that are likely to be tested { we might extend the sl for the safety just depends on how price will react }
Here is my idea for this pair. Let find buy opportunity here
Hoping to see another much needed deeper pull back or possible trend change on USDCAD, I've just entered and like I said moving stops to entry point as soon as a few pips in profit as I'm not forgetting the overall 4hr uptrend!
the price break up the resistent zone and now its pullback to it we can lool for a long position by seeing a good candlstick pattern in H1 or H4 targets and stoploss are pointed thanks for like and share
Firstly I apologies for my voice I'm currently trying not to lose it LOL, anyway I've still got my short trade open but moving stops to breakeven, we seen price get a bit choppy Friday and I do expect weakness from the dollar... so a sell off or push down on USDCAD I feel is coming, the hard part is getting the best position with the lest risk. Ill monitor price...
The US dollar has rallied initially during the trading session on Thursday but looks to be running out of momentum just above the 1.26 level. By doing so, we have formed a bit of a shooting star in an area that previously had been rather resistive, so it is worth noting and paying close attention to. Quite frankly, oil looks as if it is ready to turn around as...