USDCAD has given a breakout from the most important resistance of 1.30780 where the price was unable to cross it for most of the time.
Recently we saw a consolidation (box) before a breakout and upside targets are achieved.
Now we still think the upside potential is there and the price can go high from here
Trade your levels accordingly.
With a rising dollar and Fed rate hikes on the horizon, I expect the price to move to the upside. From a technical viewpoint, price has recently broken a channel as well as a resistance level. Remember to use proper risk management!
Hi fellow traders, USDCAD is completing the flag correction. We are anticipating on a move higher from here. Target the resistance levels and place your stop just below the blue box. Goodluck!
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 (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...
after we have two figures ''Double Bottom'' and '' Bullish Flag '' we wait for the confirmation of resistance breakout then we can take the buy position
Looking to play the range on USDCAD so will look to buy from 1.28455 zone and sell from the 1.30830 zone.
If you agree drop a like and if you have any questions leave a comment! :)
Hello traders!
⁉️This is my analysis on USDCAD .
Here we are bullish market structure, so I am looking only for longs. I expect the continuation of the retracement and if the price fills the imbalance and rejects from bullish orderblock I will open a long position.
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In TECHNICAL ANALYSIS .
USDCAD Show a clear Order Block on 4 Hour.
Confluences which validates this order block are as follows:-
1. It has broken structure.
2. Lies with in Discount area.
3. Their is in efficient Price Action( Imbalance to be filled).
4. Unmitigated Order Block.
5. Liquidity Taken.
EVERYTHING COOL RIGHT..... Trade Safely.
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More PIPS to come.
USDC Dominance:- The index is showing signs of weakness.
This might be considered a hint that a rally is coming across the market.
Rejection from the upper resistance as well as from the red resistance area has already been retested.
Breakout of this pattern is likely in the next few days.
IMO, It's safe to position into BTC and Alts unless it breaks and closes...
