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.
as we can see, there is a FTR near here and since the price have reacted to the mouth FL of this FTR, I believe that there is a good chance that with this CP approach, we'll see a good reaction to this supply zone. ⚠️ Notice: I will enter one third of my position when price touch the box and the rest of it in the middle of the box. My TP would be R/R=3 and...
The USD/CAD has been consolidating since late last Friday. Key levels include 1.346 and 1.345 for the upper bound and 1.341 and 1.340 for the lower bound. The market appears to be in the middle of the storm that might be unleashed after the Bank of Canada’s (BoC) interest rate decision on Wednesday. In January, the BoC made history by being the first major...
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.
USDCAD seems to have turned bullish on multiple time frames. We are waiting for a correction to end on the lower time frames before we enter long. Various factors and patterns supporting out bullish stance has been plotted on the price chart.
Here is my view for USDCAD on H1. 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!
USD-CAD broke a support Cluster of the horizontal And rising support levels Around 1.358 and the Breakout is confirmed Because the 4H candle Closed below the confluence So a bearish continuaton Is now to be expected on The pair after the Potential pullback !
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.
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.
Pair : USDCAD ( U.S Dollar / Canadian Dollar ) Description : Symmetrical Impulse Correction " 1234 " Impulsive Waves S / R Level Bearish Channel in STF as an Corrective Pattern Divergence
in the last week USDCAD did not experience an extreme price jump, the price range is still in the low range. still in accordance with the previous analysis, this pair still looks bullish with new invalid area updates. as long as the price doesn't fall more than the invalid area, the elliot wave notation is still in accordance with the old update.
We are looking to potentially long this pair due to the following reasons listed below: 1: Higher time frames remain largely bullish 2: Key Level breakout and change in market structure from bearish to bullish 3: Trendline breakout 4: Bullish falling wedge breakout The consider the frame on multiple time frames before we consider which direction to potentially trade.
Dear Traders, our last setup acted as we described price now have reconfirmed the future trend. If the price break out the previous high structure which will gives us indication of when we can enter. Please like and share! ...
even though it looks bullish, it is possible for a correction to occur in the near future. the price is close to fibo 1. the fastest correction is the price may touch the SR Flip and then continue bullish, but the price can also fall to the trend line. notes and trends can change when the price drops to the invalid area. make purchases wisely, find suitable area for RR
The BoC takes a more dovish path The Bank of Canada flagged areas sensitive to rising interest rates like the housing sector. The BoC noted that housing activity has fallen sharply and household spending is falling. Furthermore, in the released statement prior to the Q&A BoC’s Macklem stated that the tightening phase will draw to a close, ‘but not there yet’....
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 Return of the Sellers Over the past two decades, the US Dollar's market share has declined from 71 percent to 59 percent, and it may continue to reduce further in the future. This has a negative impact on the United States since global currency usage is a zero-sum game. When other currencies like Yuan, real, or Rupee are used in global trade, the US Dollar...
USD-CAD is retesting the Resistance cluster of the Falling and horizontal resistance At1.35400 and from there I think We will see a bearish pullback !