#USDCAD USDCAD is now quite BUY. The dollar started to strengthen slightly because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that...
Could we see a rally on the US Dollar after the recent liquidity sweep? This is a low risk trade set up as we will set stop loss tight around 15 to 20 pips below the current swing low point. However, be mindful to adjust stop losses during session turnovers due to spreads being too wide. This is a low risk trade because we are at support levels that if price does...
In continuation of the previous post, we entered the short position, A head and shoulders pattern is forming in the demand zone. It is possible to wait for the formation of shoulders and neck, and after breaking the channel and pullback, enter the long position to the supply area to the trigger line.
Hey Guys! I just aborted the long entry I took last week. In this post I explain the reasoning for this abort. Have a great day! Ken
I saw on 5 minutes Frame an End of wave C on the pair and starting of a new Long pattern From this Zone we may start enter a buy with good money management a 2% from total account for a 1:2 deal stop loss 20 points take profit 40 points have a great day and i will keep the deal update
Daily BB and RSI indicate upwards momentum. Quick short trade to the upside with tight stop loss idea.
My idea is well analyzed on the chart. Disclaimer This publication is not financial advice but strictly for educational purposes
Everything indicate that a move to the upside is very plausible. Weekly bullish (retesting a demand area)m daily bullish (creation of a demand) and finally on the 4H which is clearly showing a break of the trend-line to the upside. This is not a financial advise make sure to make good use of risk management in whatever trade it is you are taking.
A falling wedge occurs when the price makes multiple swings to new swing lows, but the price waves are getting smaller. This creates a downtrend where the price waves to the downside are contracting or converging.
Hey Guys! I just took a long entry at 1.3732 with a stop loss at 1.3627 and the main target at 1.3976. In this video I review the reason for the entry as well as how I plan to manage this trade. That's it! I'll keep you guys updated! Have a great day! Ken
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: As we can see here we are in a bullish market structure from daily perspective, so I am looking for longs. I expect bullish price action from here as price fiiled perfectly the imbalance and rejected from bullish order block. Like, comment and subscribe to be in touch with my content!
Based on previous price action, i expect price to get to the resistance zone of 1.46398 it has touched twice in the past before probably pulling back into the weekly consolidation or if their is strong momentum, the price may breakout of the resistance and began a multi-year bull trend which i doubt. What's your projection
I have just picked up a long entry on USD/CAD looking for 1.38622 as my overall target.
On the H1 time frame, prices are testing the support zone at 1.3650, in line with the graphical support and 38.2% Fibonacci retracement where we could see a further upside above this level. A break above our upside confirmation level at 1.3720 which is also a supply zone could provide the bullish acceleration to the resistance zone at 1.3800. Failure to hold above...
We have a reached a support with a formation of a W pattern, I can expect reversal in this pair to the up side. BUY!!
OANDA:USDCAD USD CAD - Long Trade Setup in 1 Hr TF. Long Trade Setup Support & Resistance Level.
USDCAD intraday trading alert 3 simple steps to find a quality setup! Risk Reward Ratio 1:2 Anyone same idea with me? BUY USDCAD Good luck traders...
I was contemplating to load up the CAD pairs but I changed my mind. The Loonie is clearly positioned for a major (continued) drop on the near term and thus, ALL CAD base pairs are very likely to under perform their USD cousins. Thus, back to the (previous) base case; (continued) Long USD and Short pretty much everything else . (...as far as the eye can see).