USDCAD is in the middle of a supply zone. Showing rejections, we need to see bearish price action for a valid short entry.
Hi Guys, let’s make a full top-down analysis of this pair, we will take the trade if all the condition of the strategies are satisfied. Press like button to support this video and let me know in the comment section if you have any questions.
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
As it broke the short term trend within the long sell trend, it has the potential to go up. buys can be triggered from this zone all the way to up. and zone above will be very good for sell entries.
USDCAD still on bearish pressure.
There's strong impulsive breakdown since last year but eventually it came to Monthly major Support i.e 1.2255.Seems like USDCAD holding above that critical zone. Daily candle closed in BULLS favour. Bullish Harmonic Pattern, RSI and Price Action still favouring BULLS. However, UC needs to break consoldation zone 1.2330 for proper BULL run. Trade safe...
USDCAD has reached the strong support Line. It's good to buy now? Let's see the previous price. We have same history of price before (Feb 2018) We can use Buy opportunity. Use the lower time frame to identify candle stick bullish confirmation. If you have any idea, leave comment below and give like. Free education, message me or hat for discussion.
We expect to buy this pair because new Jerusalem Ultimate bands is indicating a support level and there are early signs of reversing backwards. There is a strong bullish pull back awaiting the market opening to manifest. Our target in this one is 220 pips in profit and our risk to reward ratio is 1:3R The entry and exit points are as indicated on the chart. After...
I try this opportunity for this Pair USDCAD Risk Reward Ratio 1:5 Good Luck If you have any idea, Leave comment below here. Thank you
Yesterday, BOC was more hawkish in their statement than expected. Quite naturally, the Canadian Dollar appreciated against almost all the major currencies. USD/CAD also took a hit and dropped more than 180 pips after the event. However, you can see the price has been consolidating in a support level. Chances are, this support level will hold and price will...
Disregard the previous ("EURJPY - LONG; Buy it up for 400 pips!") post!! - It was mean to be this one - USDCAD Long. The Weekly;
Structure: Sideway Tendency: Downward Price broke daily support, waiting for retest of support turn resistance waiting for signal on retest = Sell
USDCAD weekly forecast with possible trades...
USDCAD Sell Setup - 2nd attempt - targeting level 1.25000 - consider take partial profit at 1st structure low - if price drop impulsively then targeting towards level 1.35000 and below
#USDCAD a break above resistance will confirm SHS pattern
USDCAD Sell Setup - targeting level 1.25000 - consider take partial profit at 1st structure low - if price drop impulsively then targeting towards level 1.35000 and below