The USD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.3813, positioned close to the breakout level....
This currency has been forming a very interesting pattern for the past few days, a ranging momentum. The sentiment is still bullish but let us first wait and see if it will retest the support zone to have more clarity on either a bullish or bearish entry point.
Hi fellow traders, USDCAD is ready to make a move lower from the blue box after completing the WXY correction. Target the 1.3432 level. Good luck and trade safe!
Hello traders, hope you are doing great. For upcoming Days, I think we'll probably see a Downtrend correction to specified levels in USDCAD. so with a proper trigger, we can open a SHORT position. and finally tell me what do you think? UP or DOWN? leave your comment below . If this post was helpful to you, please like it and share with your friends. Thanks.
USDCAD just touched a trendline resistance on a daily timeframe, the resistance zone has successfully push the trade down twice and we expect a new bearish movement from that zone
USDCAD forms a false breakdown of resistance, reached the resistance zone, but was subsequently pushed back down. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD I still did my best and this is the most likely count for me at...
Core Analysis Method: Smart Money Concepts 😇7 Dimension Analysis Time Frame: H1 1: Swing Structure: The market is basically in a bearish to sideways zone. After the last lower low, there was no significant corrective swing move. With 4 pullbacks, it has almost reached the extreme POI OB at the Premier area of the structure. 🟢 Entry Model: ABCD A strong...
Hello Guys today we have a major impact news event for cad which is interest rate and monetary policy i am looking forward for a trade setup to form after events, and bias is bearish looking for the optional trade entry trade setup t appear and target the lower level accordingly. stay tuned for further updates. :)
Trade Analysis Currently, there is a bearish divergence and 4-hour resistance indicating a potential trend reversal to bearish. Confirmation of this reversal will be evident if the price breaks the previous HL. As it breaks the HL, it will also break the support levels. Consequently, this support will turn into resistance and will be used as the SL. Trade Plan...
H&S on the 1h and 4h. Trade shown. Short after market turnover and spreads normalize. TP1, TP2, TP3, & SL shown. Make sure to account for broker spreads when inputting your TP/SL.
As analysed in the previous post, my stance is the price will continue in the bullish momentum following the formation of a bullish pennant. I am waiting for the price to break out of this pattern so that we can have a clear entry position.
According to : Convergence on CCI Price below Level zero on CCI Breaking uptrendline Retest of broken trendline Fibo retracement
This pair has been forming an interesting pattern of late, a bullish pennant IMO. According to the higher timeframes, I anticipate that it will continue. Let us switch over to shorter timeframes in the analysis that will follow.
Entry Point at 1.36, TP at 1.35 Note that this is based on the higher time frames
This pair is definitely in a down trend so coupled with the USD weakness I am looking for shorts only unless there is a break above 1.36839. The pair is in consolidation at the moment so I would either be looking for a rejection from 1.36486 or a 30m close below 1.35969 to confirm the break and look for a target of 1.35603
The USD/CAD pair on the H8 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming Days. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around...
If you check at the earlier analysis, the prediction was to recheck the support zone. If we now use the higher time frame, we will enter the sell once it has retouched that zone.
The USD/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around...