On the H4 time frame, prices are facing bearish pressure from its resistance zone at 1.28500 in line with the 61.8% Fibonacci extension and a pullback to this zone presents an opportunity to play a further drop to the next support target at 1.26800. This support target lines up with the 78.6% Fibonacci retracement and 100% Fibonacci extension. Ichimoku cloud is...
USDCAD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we...
Usdcad I's break resistance for 1 hours so fast buy and take profit 1.29150
Hello traders! ⁉️This is my analysis on USDCAD . Here we are in a bullish market structure, so I am looking only for longs. I expect the price to continue the retracement to fill the imbalances and if the price rejects from bullish orderblock + institutional figure 1.26000 I will open a long position. Like, comment and subscribe to be in touch with my content!
On the H4 time frame, prices are facing bearish pressure from the resistance zone at 1.2950 which coincides with the graphical support-turned-resistance zone and 38.2% Fibonacci retracement with further downside risks seen. A break below the intermediate support level at 1.2820 would provide the bearish acceleration to our support zone at 1.2680. Ichimoku cloud is...
Every thing is in the chart. Now you can look for a long position. TP1 is 1.3045 and TP2 is 1.3137 then we can wait for short position in there (two red order blocks on the top). TP1 for short positions is 1.2685 and final TP is 1.2619 good luck
Confluence: 1. Price closed above 200 EMA 2. RSI above 50 3. ADX above 20 and rising 4. Broken the previous Lower High Entry @ 1.29430 SL @ 1.28976
USDCAD Long, Risk 1%, TP 2.36% The trend is going upside. We take the opportunity to grab it. Intraday prespective.
USDCAD Intraday - We look to Buy at 1.2900 (stop at 1.2840) Previous support located at 1.2900. Previous resistance located at 1.2950. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 1.2950 will confirm the bullish momentum. Our profit targets will be 1.3050 and 1.3100 Resistance:...
As long a price holds 1.28500 will be expecting a bullish swing back to swing highs at 1.32224. If you agree drop a like and if you have any questions leave a comment:)
After a bearish trend and the creation of a reversal figure ''Double Bottom'' which makes a retest on Vwap and the confirmation of the breakout of the Nekcline ''Resistance'' we can take the buy position after the opening of the market
USDCAD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we...
Hi Traders, USDCAD overall looks bearish and we should see short term correction before sellers push down to lower boundary. On HTF price impulsively pushed down from upper boundary and it does not seem to be forming a bearish continuation structure yet a reversal channel which we can see the price make its way back up for a higher probability opportunity. ...
#USDCAD Looking for Buy trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! Thank You.!
USDCAD reacts to a support level. Opportunity to buy? Only time will tell if this play works out. Please see reason below. 1) USDCAD in an uptrend with key swing highs and lows 2) Support level shows to be respected 3) Moving back towards an uptrend 1:1.5 Risk to Reward targeted Happy Hunting!
Change in character in USDCAD to see a possible continuation of trend after a pullback. However POI could only be a reaction to see price drive lower but a mere 20R is still a possibility should price hit our entry
USDCAD gets bullish momentum. Re-entry opportunity for continuation of uptrend.