Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Follow, (...) Thank you and Happy Trading.
Hello Sophisticated Trader, Along with the DXY renewed strength due to the coronavirus fear, the fundamentals seem to point to a potentially weaken the Canadian economy. The Pair has recently broken above the 100MA, a major resistance level and is suggesting a potential rise over the coming week. While 1.3500 stay supported, the pair would have its sight at...
FX:USDCAD is currently holding at a strong support level. With the US dollar being a safe haven with a high demand in view of a potential wave 2 pandemic while aligning with investors sentiments and Canadian dollar showing signs of exhaustion and slowing down due to weak oil data. Therefore, we're expecting US dollar strength and Loonie weakness. A good trading...
track.deriv.com you can use that link to join a trusted broker ,they got sythetic indices which run 24/7 365 days a year ,minimum deposit=$5USD try them you wont regret
Currently, USD/CAD is trading at 1.3585. The pair started a new up trend after breaking resistance level and neckline at 1.3480. Previously, the pair was trading in a down trend while moving in a lower-low lower-high pattern. As the pair has already started a new up trend, Its first target is at 1.3663 and second target is at 1.3776. Follow a proper risk...
Please manage your risk. Use Stop loss. And do not take blind entries. If you have question let me know. If you want to analyze any pair let me know.
Strong support zone for USDCAD. After the bearish movement, we can try a Long Entry 1.3465 SL 1.3308 TP 1.3675 ---- Trading Kitchen
USDCAD has been trading in a descending triangle in D1, H4 price is forming and short-term uptrend bias supported by the trendline, before reaching the top from the descending triangle MACD is showing diminished bullish momentum. Price action should reverse till reaching FIB level 0.5 + testing support from trendline and triggering the order. Finding strong...
This is a Setup 1 - Breakout into Wave 5 Target Fib Exp 1.62 (we call that the Target zone 1)
Hey guys! I just found this trade this morning to go long on USDCAD. Hopefully, it will get to target next week. Trade with care! Ty
If there is another strong bullish candle then this can be a good breakout trade! It will be a good long position with a potential risk to reward of 1:2. The EMA's are also showing bullish signals which gives me a good confluences. As a bonus we could also enter another long position at the reversal. Let's see whats what happens at the end of Friday.
I think this is a potentially interesting setup to consider. The first correction to wave 1 in the new bullish channel seems to be complete and we should be expecting the next impulsive wave 3. Here is an overview in a shorter time frame Please leave a like and let me know what you think in the comments section below. Disclaimer: This is only an idea and...
Price had built demand. Headed back to 4H supply. Don't get caught selling.
USDCAD Buy V shape reversal; Profit Target 1.50%