Latest candle shows a lot of false price movement - momentum to the downside was short-lived which would show power to the buyer waiting for break of 1.32677
USDCAD found resistance @ 1.31700 Assuming five structure has been completed, i'm expecting a-b-c correction before we continue buying this pair as long as market above KEY LEVEL. Critical level : 1.29533
Long USDCAD- 1.30460 Stoploss-1.300050 Traeget-1.31110
Im looking for buys but first Im specting price to reach heavy zones of rejection also keeping on mind the reversal patterns
USDCAD is rejecting a confluence level comprises of demand zone + ascending trendline. Price also has broken a daily Counter Trend Line indicating potential rally from or near the current market price.
Hey traders, Just a simple pinbar spot on the H1 with the blue trendline acting as support. Simple price action and analysis. Cheers.
USD still enjoys high carry 2.6% vs EUR over, making short USD positioning unattractive. No currency in the G10 FX space offers a higher yield than the dollar. Market expectations earlier in the year that policymakers will not be able to fulfill their tightening ambitions turned to bets that the next move in interest rates will be down as the economic outlook...
Possible signature buy trade.Price broke through the wedge to go to the previous weekly low and did a wick fill and was rejected.Anticipating a reversal.W pattern formation on H4,H1 and signature W formation on 30min
Hey traders, Today's daily candle for USDCAD closed bearish which was a continuation off of yesterday's huge bearish candle. If price makes a bullish candle at the S/R area i have labeled or at the blue trendline it may represent an opportunity for us to get long. Otherwise I am still short until then! Simple price action and technical analysis.
Hey traders, Here is my analysis on the USDCAD on the H1 timeframe. If price can break through the blue trendline I have drawn. I see price going further up.
Hey traders, My analysis on USDCAD has changed. It seems like price has been consistently forming higher highs and higher lows now. Price is trying to break through the previous high of 1.3270 currently. Today on the daily chart's we had a huge bullish close which engulfed the previous couple of candles. I see a move to the upside until the upper blue trend...
Hey traders, here is my analysis of the USDCAD on the H1 charts currently. Price has been forming a falling wedge pattern for the past couple of weeks. It seems like price is trying to break out of the falling wedge, with a strong pinbar close on high volume. Let's see if the bulls can take control here! Daily trade analysis and ideas: Telegram:...
We're seeing a complete Gartley pattern and at current levels, price is beginning to show signs of reversal at the 1.3070 level. I'm looking for one more rally to the upside before we continue with the overall trend on the daily chart. Wait for clear confirmation before looking for an entry.
Hey tradomaniacs, welcome to another free signal! Notice: Wait for the break above the horizontal current resistance and the trendline of the FAN. After the retest and rejection make sure to buy! ----------------------------- Type: Daytrade Buy here: 1,32449 Stop-Loss: 132315 Target-Zone: 1,32675 - 1,32718 ...
The USDCAD has been in a strong up trend since March 2018. Will see it move high as price begins coils before it pops as selling pressure drys up.
Hello guys. Please refer to the image. This is what I see for USDCAD. After a nice drop following my previous analysis, I'm going for a long because the resistance has been retested multiple times, making it weaker. Usually, price will go back there to break it. Let's see. Don't forget to put a risk on your trade. TAYOR! KHALID HAMID @ tfspriceaction
Disclaimer - I could be wrong/Trade at your own risk...