So USDCAD pushed higher and now back at a stronger resistance area so ill be looking for shorts around this this level.
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!
Still holding my short bias on USDCAD after been stopped at break even on Friday, we are getting a nice reaction from that 1.27300 retracement area showing that it is holding some sort of significance. At the start of the week I will be watching price and trying to get into the best opportunity I can to hopefully catch the large move to the downside.
The dollar cad broke uptrend structure and now we are expecting some range bound trading until a clear direction is formed. At these levels, I am looking to enter a short position. BEAR CASE In the next week, I am expecting a slight move upwards to retest the bottom channel line and then for price to dump to retest 1.26 BULL CASE Though unlikely, we need to...
This is my idea on USDCAD Expecting price to fall to 1.25930 What do you guys think?
Here is my analysis for USDCAD on M15. 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!
let's breakdown USDCAD , last day of the week chance on USDCAD.
Not really much happening on USDCAD, we are now just seeing price make a retracement like I expected, then ill be watching for hopefully the next short wave down.
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!
Here is my view for USDCAD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
In this update we review the price action in the USDCAD and identify the next high probability trading opportunity
Here is my view for USDCAD on H4. The price should go up, you can put a pending order on the Order block or find an entry on LTF. Trade Safe!
Now that price has reached first minor target area I think from this support we may see another push back up to make another failed spike up or a retracement to follow the possible new downtrend. If we see this retracement move I may look at adding further short trades.
The macro sentiment for the dollar is clear, we are expecting upside in 2022 and the fear is the market due to the OMNICRON strain as well as the fed's hawkish stance is accelerating this. Unless there's a macro uturn in the fed's policies, we should see price reach 1.30 some time soon.
Here's my prediction for USDCAD H1, you can look out on LTF on the Order Block. Or you can also put pending buy and take 10R.
I'm still holding the bias of seeing a further push down but now its just getting into the best entry point, after been stopped at breakeven from last night ill be watching for entry's again today! Price usually gives you more then one opportunity and we still haven't broken upside trend structure so I defiantly wouldn't look at taken shorts from current price, be...
Will 1.28000 be the resistance that gives the much needed pullback on USDCAD? Ill just be monitoring price at the start of the week and hopefully price can shape nicely for either a bigger retracement or even possible reversal.
Hi fellow traders, look for more downside on USDCAD as the correction has completed and oil is ready to move higher. Goodluck!