in the mean time USDCAD pair facing support at the current levels a break for the downside can lead the fall till reaching the next support level where a long position has a high chance to be profitable!
USDCAD BAY After the last reports and the big price change, we now see a small rise. Which causes the price to re-enter the channel.
On the H4 time frame, prices are testing resistance at 1.2650, in line with the descending trend line and 50% Fibonacci retracement where we could see further downside below this level to our support target at 1.2530. This support target coincides with our Fibonacci confluence levels which include the 50% Fibonacci retracement and 100% Fibonacci extension....
Hi dudes usdcad is in demand zone and we suppose a 1:4 Risk/Reward for TP1 and 1:6 for TP2 Targets
USDCAD going up to 1.2780, next weeks the dollar accumulating stronger
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)
The pair has continued to rise in the directional bias I have (upward). I'm still expecting price to rise toward 1.28700 and currently holding 2 Trades both in profit with zero risk (SL1 @ +35pips, SL2 @ BE)... I'm deciding how to manage my 2md open entry however so far I'm comfortable. I'm currently waiting for a possible entry to continue according to my...
Here is my view for USDCAD on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
//REPOST// Hello ATFX Academy members, we got a fire setup ahead of us. From the YouTube tutorial I just explained, the reason why I was aiming to buy USDCAD. The overall trend is Bullish, so we are only looking for buy opportunities. We saw a clear BOS, after liquify being taking place with EHQ and EQL. Now we are awaiting for a retest off our POI. If the...
My views on USDCAD is bullish. Resistance lines: 1) 1.26600 2) 1.27470 3) 1.28760
Hi ATFX Academy members, from the YouTube tutorial I explained why I was aiming to but USDCAD. The overall trend is Bullish so we are only looking for buy opportunities. We saw a clear BOS take place, and now we are awaiting for the retest to our POI before taking the trade. Let’s see how this plans out. Let me know your thoughts traders.
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)
The US dollar has rallied significantly during the trading session on Thursday to continue the recovery against the Canadian dollar. The 1.25 level has offered significant support multiple times, and it looks as if we are rallying away from that level. The 50 Day EMA above is offering a bit of dynamic resistance, and it has broken down below the 200 Day EMA. That...
Hey traders, here is the analysis for the USDCAD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. Disclaimer:- This is not financial advice.
Bullish Indications: Break last lower high after bearish trend Trend reverse from strong support zone Trend line support Gartley Pattern Double Bottom Bearish Indications: currently in strong resistance zone Resistance at Fib 0.382 Plan A: SHORT if trend bounce back from current resistance around 1.26000 Take entry at 1.25600 SL: 1.26500 TP1: 1.24910 TP2:...
Price has not shifted from the area, I have noted an area of interest for a possible setup and will wait to see what unfolds.
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)
#USDCAD Looking for Buy trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! Thank You.!