What I see: - Price has rejected the resistance support line 3 times - Resistance line started June 2021 - Stochastic is oversold in daily ad oversold and crosses in 4hr chart What I expect: - Price to reject for the 4th time from the resistance line - Price to long towards previous low which is shown in the 4 hour chart.
USDCAD has approached to important rising trendline which has been playing active role since 1st June. The pair is also taking support from the Daily Moving Average. If price action supports here one can built postion for a good ride of more than 200 pips. Trade your levels accordingly. Leave your views in comment section.
#USDCAD Looking for Buy trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! Thank You.!
Hello everybody According to the chart and last analysis that you can see the price is moving in downward trend but now in lower time frame from last week the prce amde a trangle and broke it and now we need a little pullback then it haspermission to open position for long to raech to the target that we shown on chart . The point is you should observe to capital...
Currently usdcad is holding at a very strong demand zone which we are likely seeing to push price into 1.2900 area from this discounted zone.
Buy: USD / CAD SL @ 1.25530 TP @ 1.26840 Max Risk: 2% (When calculating, do not forget about different spreads from Brokers) Leave comments or likes to keep our content free and alive. Have a good week to everyone It is not an investment recommendation
Hello everybody We back with amother analysis of USDCAD According to the chart, After long time when we are in downward trend at last with this wave we break the downward trend and changed it to upward. We shown buy zone area that the price is coming to reach to the target zone and when we take signal in this zone we can buy a lot and wait until the target that...
in a day close to the range of its uptrend and can continue this uptrend.
#USDCAD Looking for Buy trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! Thank You.!
If you recall this was the area of demand price did not react to before making a new high, So we are looking to see price come into this area and buy into 1.3000 area.
Analysis on #USDCAD The USDCAD is currently trading between trend line support and trend line resistance The resistance being near 1.2900 The support being near 1.2600 Sell Setup >> If the market test my trend line resistance level again near 1.2900 then I will see if the market formed a reversal pattern, before entering a selling trade with a good risk...
USDCAD is in bullish bias on higher time frame perspective. Looking for bullish continuation "PreferForex"
USDCAD (SHORT)- If all the resistance holds in place. If we see the Resistance 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)
Hey tradomaniacs, USD/CAd could move up with the current correction after the recent breakout of the flag-pattern which is a sign for a trend-continuation. Overall a tricky situatrion for CAD, so fundamentals and news could of course destroy this setup due to the uncertainy regarding to Ukraine/Russia and the Oil-supply which highly affects the canadian...
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!
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)
Hello Traders, With the World state USDCAD can be really choppy, above 1.26800 USDCAD still a Bullish view for us to 1.30 levels.. Below 1.26800 we see continued bearish moves.
USDCAD | Approaching to Support USDCAD has been trading in bullish trend as supported by rising trendline. Recently price has rejected from the top around 1.29050 which can be a double top pattern. Price is approaching to the rising on trendline where once again bulls will be active. Trade your levels accordingly.