Weekly & Monthly timeframe analysis. Daily signal, 1/4H entry. 1:4/5 RR ratio. News on Tuesday 1.30 pm UK time could change this.
Hello Traders, here is the full analysis. Price reversal going up, levels for BUY .. GOOD LUCK! Great BUY opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will...
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: As I expected in my previous analysis price filled the imbalance and rejected from support zone. Now I expect bullish continuation and my target is buy side liquidity. Like, comment and subscribe to be in touch with my content!
Hello Traders, here is the full analysis. The completed correction, hint at the continuation of growth. GOOD LUCK! Great BUY opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in...
#USDCAD froming higher high and higher low in 4h time frame, price broker 1.3540 strong resistance level. Demand zone for long 1.3470-3440, stop loss below 1.3420, target: 1.3535.
Name : FX:USDCAD ( U.S. dollar / Canadian dollar ) Direction : Long Time Frame : 4H ______________ There is 2 main things that price could do depending on the news that is coming out tomorrow and on Wednesday. It depends if it's Positive news or negative news If it's negative news, we are expecting a break of the inner trend line. Both of them. But If it's...
On Tuesday, February 20, Canada will unveil the latest inflation data. It is anticipated that headline annual inflation will decrease to 3.2%, marking its first deceleration since October 2023, compared to December's figure of 3.4%. Bear in mind, the Bank of Canada's previously indicated that they expected inflation to persist near 3.5% until mid-2024. The...
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I want price to go a little bit lower to fulfill the imbalance and then to reject from support zone for a long position. Like, comment and subscribe to be in touch with my content!
USD/CAD has broken through the neckline of a W pattern and has the look of heading higher. The price is now above all significant EMA's that are now grouped on the H1 time frame and its the same story on the H4 time frame. With no significant news until tomorrow's US CPI numbers at 13:30 GMT , there shouldn't anything that would encourage USD/CAD BEARS so the WR1...
Still very choppy but im long bias, but in order to take the entry I would be looking for break out of the wedge shape pattern with a 4h close above blue zone above structure. Alternatively I would be looking for a pull back and rejection from the bottom of structure with a long back to the top.
usdcad is making higher highs and higher lows on higher time frames and on the 4hr intraday time frame price is respecting support so i decided to get in at a one hour engulfing i also gave an update on AUDCAD.While AUDCAD is moving in a downward direction showing selling pressure at the moment i am waitin fot it to play out as planned.
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here I think we are still bullish, so I am looking for short. I expect price to continue the retracement to fill half of imbalance and then to reject from support zone + institutional big figure 1.34000. Fundamental news: Tomorrow we will see results of Unemployment Rate on CAD. Like,...
Hi Traders! There may be a break soon as USDCAD looks to test the 1.35440 resistance area for a third time. Here are the details: The price action looks bullish; the market swings are getting higher, and the 20 EMA support re-test has held. Our idea here is to buy market dips leading up to 1.35440 for a possible break above if the bullish momentum continues....
FX:USDCAD Daily, 4h and 1h are bullish. Entry is based on the 30 min bullish engulfing creating a right shoulder of the inverted head and shoulder pattern at the daily support area
Well, as you can see the market structure is still bullish. Now there are two modes that I will explain. The first one, there is a strong demand zone that can hold the price and push it up. This demand zone is located at the 0.705 Fibonacci level which makes it more reliable. The second scenario is the price continues the retracement to the extreme bullish...
Hello Traders, here is the full analysis. The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or...
USDCAD is displaying a bullish trend on the 4-hour chart, supported by a breakout above the ascending trendline after completing the 5th wave. The current formation suggests a bullish pattern following a 38% retracement and adherence to an ABC wave structure. Consider potential long entries in anticipation of a continued upward trajectory in the market.
I am waiting for a retrace on USDCAD. After the break and retest of major trendline, i think we will see a sell pressure till the buy zone in the 1.334-1.336 area. This is a good bounce point targeting the 4Hr resistance at 1.3475