Market Grabbed the Liquidity and Expanded Much. Leaving a Liquidity Zone and Buy Area Pending on Lower Side. After MSS, We waited for Inducement Level, Increasing the Setup Probability. Now, Expecting another MSS on M15 in POI Zone for Further Buying.
USD-CAD broke out of the Narrowing wedge and The breakout is confirmed So I think that we will see Some more growth !
I have mentioned all the important resistance levels, where we may see sell opportunity on it. I think we do not have to look buying opportunity on it, just sell.
This is just a news prediction, as I do not trade the news. But I can see price retracing for a bit before dropping off to clear the Previous Week Low. Price failed to make a higher high on the hourly chart the broke structure towards the down side. Even if price doesn't retrace to me point of interest, I believe it will drop regardless.
USDCAD wi;; come back to test the trendline again, place your buy orders then. Manage your risk accordingly!
there is a good demand zone south the price and I think it would make the price react to it
the D1 trendline as a strong support area is still untouched and the price looks bullishly corrected. the possibility that what will happen is the price approaches the SR Flip area and falls back to the trendline support area and then continues its bullish trend.
Earlier today, the Japanese Government released updated forecasts, revealing that consumer inflation is expected to reach 2.6% in the current fiscal year. This is an increase from the previous forecast of 1.7% in January, and it surpasses the Bank of Japan's target of 2%. Additionally, the Government revised the economic growth forecast for the current year to...
USDCAD completed ABCD pattern and now we can see the retracement from point D. Manage your risk according to your account size.
Here is my analysis for USDCAD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
After parallel channel breakout nor USDCAD is at strong support zone that tested multiple time, hopefully we can see upside rally from this point. Manage your risk acccording to the account size!
The USD/CAD exchange rate is uncertain around the 1.3170-80 level early on Wednesday morning in Europe. Although the downtrend has paused for now, traders are still looking for more evidence to support buying the Canadian dollar against its US counterpart, especially after a slow Asian session. On one hand, Canada's inflation numbers were disappointing, while the...
USDCAD moving in parallel channel waiting for breakout to trade. Manage your risk according to account size!
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.
Here is my analysis for USDCAD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
OANDA:USDCAD swept last years September lows at 1.323. As long as we remain within this yearly range again longs have the upper hand in terms of R/R. Zooming out, USDCAD has reclaimed the handle of a very large sized cup and handle.
Here is my analysis for USDCAD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Potential Breakout trade on currency pair USDCAD, place Buy Stop and Sell Stop Orders or wait for Breakout. Manage your risk accordingly.