So after USDCAD ran to the downside this week breaking a significant low, i'd expect a return to Supply(OB) for another expansion downwards.. Remember, our target is to completely fill the weekly F.V.G and tap into the demand zone below it... So i'd advice we wait for price to trade up into the supply zone before making any execution........ And wait for...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD sentiment has been bearish throughout the entire NY session, we do have some liquidity siting below today's low, we have people who just bought and have their stops below the low, and some possible sell stops which would push the market further to the downside. Nice retracement going on in the Asia session, looking for the downward momentum to continue,...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
USDCAD 4h has formed a strong reversal pattern on the lower timeframe and the price currently breaking out of the previous support zone. As the market is over-extended, it is highly likely that USDCAD will reverse from this zone to test long-term monthly resistance turning support. Before, reversal, we could see a long spike to the upside and, upon rejection, a...
Looking at catching a sell off on USDCAD, long term bullish but to continue this way we need to see a breather (correction). Can be very risky going against the overall trend but if we can manage to catch the move we can see huge potential for profit, again I will be aggress with stop loss and adjusting once in profit.
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a USD/CAD Sell. Enjoy the day all. Cheers. Jim
Perhaps you have sold usdcad, and your stop loss has been hit, you can sell it again. The price has rejected the 61.8 fob level. The price is below the channel now, and as a result of this, it's going to sell strong.
USDCAD Wyckoff method ( Distribution Schematic 1) setup found on time frame 30 minutes just for learning purpose not a financial advice
USD/CAD ::: Blue Channel :: It has been drawn in a higher time frame and is growing. Orange channel :: It is drawn with 4H time frame and it is also rising. It is growing in two ascending channels and has broken two strong resistances, so it is a good signal to buy. <<< Good luck >>>
Hi traders, USDCAD is setting up for a downside move watch price action in a lower timeframe and look for short GOOD LUCK.
USDCAD (4h) has formed a strong reversal pattern and the price has broken to the downside with a bearish engulfer. Currently, the price is below weekly support. in the new trading week, the price opened with a gap up with rejection to the downside. On the test of the neckline of the reversal pattern, the price may continue to drop. A sale is a high probability of...
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a USD/CAD Sell. Enjoy the day all. Cheers. Jim
USD-CAD broke out of the rising channel So I am bearish biased on the pair But I think that we will first see a move up To retest the broken support line of the channel at 1.30971 And only then the price will go down Towards the target level below
*Everything is mentioned on the chart. I hope it is easy to understand. *Don't jump in to trade at the beginning of the market. let it get settle for 15-20 min first and judge price action. *Avoid gap up or gap down chase. Wait and trade between level. Note :Trade with strict stop loss. It may or may not hit all the levels. So one can book profit / loss at...
As predicted in my previous ideas, USD/CAD has reversed after hitting the top of the price channel and it has given us sellers almost 95+ pips profit from the top. Now, based on the price action in daily chart, it seems USD/CAD reversal is very likely to happen and price will drop even lower. There is a very good chance that USD/CAD will drop to the lower TL of...
USDCAD has broken structure enough times - respecting the flow of the price after having met resistance by demand. This is an idea. Thank you