USDCAD I've taken a short position risking ONLY 1%, I'm looking at targeting around 1.23200 where ill be looking for possible long trades depending on price action.
People using stop loss on high point people expecting sell from supply but i m expecting after stop loss hit then reversal
Here on USDCAD Ill be looking for a short position if price can reject the top of this consolidation range I've drawn on and then look at taking out 1.23000 again where ill then be looking at possible buy trades.
We knew it was coming, as predicted in our related ideas below. As soon as it came, we jumped at the opportunity and got involved in swing buys with a tight stop loss. I now expect this move to rise up to 1.26, AT LEAST. Hopefully, you guys managed to catch the same move.
The dollar cad traded is largely range bound this week. The coming week should see a break of trend to either side but our bias is to the downside as structurally on the longer term charts, it looks bearish. BEAR CASE If bears find conviction, we should see a retest of 1.2 before some consolidation and more downside. BULL CASE As we enter the first week of...
Short USDCAD @ 1.23787, nice pullback to my 60% Kill Zone.
USDCAD - H4- Price broke multiple demand zones yesterday and voided my long bias off the daily chart. Now im looking at more downside on this pair before a big bullish rebound.
USDCAD selloff Patiently waiting for it .during New York session
Please refer to my related idea to get a better understanding of the long term vision for this pair. I would love to buy this pair here but I am fearful that retail is buying heavily here leaving this area open to manipulation. I think it would be sensible to wait for a deeper retracement before we buy up into our target area. What do you think of this setup? ...
USDCAD previously rejected a major support/resistance level as well as a weekly fib level and the weekly 200ema. The way i trade is from one major level to another, so the next tp is 1.20255. But before that, i knew that price could stop and react to this 1.2300 support level , which it did. i entered after seeing the 1H and 4H charts were illustrating a ...
My educational Analysis worked perfectly in 4 hr and 15 mins timeframe. And it took with the help of a pitchfork tool. follow me for more analysis.
I expect profit-taking today after a severe sell-off. I would like to see an impulsive move from this region here with the momentum from London open. What do you guys think?
Hey tradomaniacs, USD/CAD:Daytrade-Preparation Market-Sell: 1.23365 Stop-Loss: 1.23535 Point of Risk-Reduction: 1.23230 Take-Profit: 1.22705 Stop-Loss: 16 pips Risk: 0,5% -1% Risk-Reward: 4,0 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
The USD/CAD is trading below the important 1.25000 juncture this morning. After rapidly declining below the level before going into the weekend and hitting a low of nearly 1.24500 on Friday, the USD/CAD opened trading yesterday and continued to assault its lower depths and hit a mark of approximately 1.24440. As of this writing, the USD/CAD is near the 1.24800...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
The USD/CAD has been producing plenty of volatility for speculators pursuing the Forex pair. While choppy conditions are certainly part of the USD/CAD trading environment, this is also a perception based on the amount of leverage a trader is using while trying to take advantage of price action. Yesterday, early reversals higher to a fairly consistent resistance...
Massive rejection zone at 1.29000 , I am expecting USD/CAD to short into lower levels such as 1.21600 to gain some strength before attempting to break the 1.29000 barrier.
Still holding short trades but will take 50% profit very soon. 1.26000 is area of support that has my interest for a possible trade back to the upside. Keep an eye out for a reaction from that zone to hopefully open nice entry's for longs.