check my previous analysis on this pair this n execution time frame for tight SL and very profitable risk to reward ratio
nice uptrend forming we do have some supply levels to get thru which can be pull back zones or take profit areas but im going to ride the trend as long as i can to 1hr fresh supply zone
Two big events affecting the USD/CAD pair include the CPI reading from Canada yesterday as well as the ongoing debt ceiling crisis in the US. In April, the monthly Canadian headline CPI surged by 0.7%, resulting in an annual rate of 4.4% compared to the previous 4.3%. This increase exceeded the consensus estimates by three-tenths of a percent in both instances....
TP is 1.35404 Based on the price action and gaps that happened, the USD/CAD will rise up to 1.35404. CAD is always best for traders. Good LUck
looking bullish trend in 4h timeframe bec follow abc pattern
Fundamental Overview If the Federal Reserve meeting were held today, it is likely that they would maintain the current interest rates due to the ongoing uncertainty surrounding the banking sector. However, it's important to note that market conditions can change rapidly. If the upcoming weekend remains stable without any urgent need to rescue failing banks,...
Excited about this one, 2 potential long positions for USDCAD with both having minimal SL's and a good win:loss ration.
USDCAD is meeting its trendline support and having rejection recently. in 5M chart, the price already break its resistance while we should wait for more sign from 15M time frame to enter buy with stop loss at its previous low and target price in the trendline resistance. Beware that USDCAD has potential of creating head and shoulder pattern. Happy trading! Good Luck!
usdcad long trade move up use risk management FX:USDCAD
HEY TRADERS!! are we ready to have another Successful Profitable Trading Week!! i know i am so ready for what this week has to offer us!! as i stated last week, i was waiting for usdcad to come down a little lower to mitigate the imbalance there was shown on the higher time frames.. how ever price action started to show signs of sellers being exhausted on...
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 1.36000. Like, comment and subscribe to be in...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
usd/cad is a ready-to-fly that can be entered into a Buy; But you must managing capital risk and accepting its risk and its loss limit. Two TP is considered to be in the chart, and the loss limit is also specified.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Price is currently hovering above a key support zone at 1.3350 on the H1 timeframe. A throwback to this support zone, which coincides with the 78.6% Fibonacci retracement, coupled with a break above upside confirmation at 1.34 could provide the bullish acceleration to the resistance zone at 1.3520, in line with the 200% Fibonacci extension. Price is holding above...
Long on USD CAD to 1.36450 Strong push-up during the news. Multiple possibilities for continuation trades.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
looks like in simple pattern, testing support line. Kinda risky trade but Risk to reward ratio is good hha