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...
Until farther evidence surfaces, our bias is towards the price continuing to range in the channel we drew. THis means that price will continue to move down. However, it's been in this channel for quite some time and may break out soon, in that event we want to trade the break out as it brings us bigger price movements. BEAR CASE If you want to short here, give...
So I've just taken short trades on USDCAD and hoping to see a quick move down where ill be moving my stop loss to entry point and hopefully catching a nice risk free short to finish the week on USDCAD.
#usdcad, price retracing downward by hitting supply zone. supply zone 1.2635-50, stop loss 1.2670, target 1.248
Looking at catching the pullback move back down to atlest 1.25400, we are still in an overall 4 hr uptrend so make sure if you do enter and go into profit, move those stop losses to breakeven pretty quickly.
We have 4 hours of Hayden Diver positive material. The price is above the uptrend line and the pullback is over Therefore, the price rises to the previous ceiling after crossing the specified line
Hello traders, USDCAD has tested the long-term trend line as resistance and rejected to the downside. This weekly price has opened with a gap and it is highly likely that this instrument may break to the downside.
This zone seems too obvious for sellers, I would like to get in once we see some manipulation of this region. Once we clear the high of the OB, I will look for LTF shifts for sell entries.
After entering shorts for the retracement move I will be targeting the area of 1.25000 atlest taking 80% profit then analysing price for the next move from around there. I'm looking for the trend to continue to the upside so price around 1.25000 will be key mid way through next week.
The dollar cad tested the bottom of the channel like we predicted and moved up higher, it has now tested the top of the channel and faced some rejection, are we going to see a break out? BEAR CASE Until proven otherwise, our bias is to the downside. We expect to see it test the bottom of the channel once more and if it faces rejection there or before there, we...
Price has seen a break in structure to the downside on the daily, which may continue its bearish trend on the weekly. Looking for short at the refined daily order-block and short it.
USDCAD looking forward to see a continuation of the bullish move after a slight retracement yesterday,
Referring to our previous analysis. It had rejected the key level indicated and out of the rising wedge pattern. Waiting for a 4 hour close candle. It will indicate a further bearish movement for this pair.
The DXY index continues to rise and the USD/CAD pair retreated again after the US Non-Farm Payrolls surpassed expectations and the US dollar rose to daily highs. Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your...
the End of Corrective Wave with an Price action with possible Breakout of up Minor trend to give us a signal for a Continuation Wave to spend down Major Trend