#USDCAD market is moving in a horizontal channel. And this channel is on the weekly support and unable to breakout. So the market is going to buy from this level. The analysis is done in the H4 timeframe. If you find useful our analysis useful show some support by likes and following.
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
For UsdCad the trend is not only down, but aggressively down. At this point, the pair is in 1.2 important zone support, a support that held in 2015 and 2017. The daily structure is a rectangle that suggests continuation. If 1.2 is broken to the downside, the pair can drop to 1.15 psychological support or even to 1.13 technical one. A short trade at this point also...
USD/CAD appears to be bottoming out. Hence, a buy at this stage looks quite attractive. If price continues to hold above 1.20, a buy entry@1.2040-1.2070 with SL below 1.1980 and initial TP at 1.2250 would be a possible buy signal .
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
Welcome to our Trade Setups - June 01th ( USDCAD ) ! BUY USDCAD ENTRY LEVEL @ 1.20653 SL @ 1.19992 TP @ 1.21974 Max Risk: 1% - 3%! Risk/Reward Ratio: 2 Leave us a comment or like to keep our content for free and alive. Have a great week everyone!
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
The decline from 1.2654 high is taking the shape of a five-wave impulse pattern. The price seems to be in wave iv of the sequence and the corrective wave iv unfolded as a triangle. According to Elliott Wave theory, a triangle usually precedes the last swing of a sequence. If this count is correct, the price should extend lower to complete wave v of the...
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
If you are daily trader, you have a plan on this pair. Happy trading and good luck. Leave comment below and don't forget like this idea. Cheers
usdcad may retest the support agan before raise. We have one more chance to open buy here.
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
Welcome to our Trade Setups - May 26th ( USDCAD ) ! BUY USDCAD ENTRY LEVEL @ 1.21084 SL @ 1.19635 TP @ 1.25427 Max Risk: 1% - 3%! Risk/Reward Ratio: 3 Leave us a comment or like to keep our content for free and alive. Have a great week everyone!
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 has create double bottom and located on strong support daily. let we see how DXY dominant on CAD. Like and comment below here.
Pair is trading inside the 1.4700- 1.1930 level since the past 6 years as the price is mostly moving based on the crude oil price . As of now , its heading towards the 1.19xx major support and likely to drop 100-150 pips below since the probability of stop loss cluster around that area is very high. On the other side , crude oil is showing weakness around 67 level...
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