USDCAD has reached an area of interest after taking out previous highs and mitigating the fair value gap. This is an opportunity of a risk entry, or one can wait for a CHoCh in a smaller timeframe. We will see how this plays out.
I see candles rejecting 1.3350 on the daily and we have one leg painted already on the 4 hour. I want to see another leg drop into the imbalance on the 15-minute at 1.3320.
USDCAD Momentum is Strong Bullish, But Still Expected a Deep Pullback Before a Further Buying. Large Liquidity Pool resting Above Market. Lets Wait for Liquidity Grab and Structure Shift to Enter.
Risk 0.5% TP1 = 1:2 RR Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A...
USDCAD Trade Idea Sell Stop Loss: 1.334 Targets: 1.326 1.324 1.322 1.316
H2 TF FVG is Internal Structure Liquidity to be taken Out by Market. Asian and London Session are Strongly Bullish. Expecting a Fall on Today 7:00PM (PST) News Time. Entry After M5 CHoCH.
What do you think about these setups. Let me know, but in summary, UC= sell EU= Buy AU= Buy GU= Buy I am quite bearish on the Dollar, not unless the fundamentals change. But as I keep saying, we'll have to wait and see.
Hi, According to my analysis of the USD pair. There is a high probability of falling. The pair broke the strong support at 1.33350. A very negative candle on the weekly chart. He also tested the same area, but could not break through the broken support. Good luck everyone
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.
analysis on potential USDCAD trade idea explained let me know what you think
The USD/CAD pair is hovering around 1.3175-80 after experiencing its largest daily decline in eight days. This decline can be attributed to the drop in WTI crude oil price, which is Canada's main export, as well as the stronger US Dollar. The market activity on Tuesday morning in Asia has been slow.
As per last analysis the USDCAD will move and touch the zone that I have marked now depends on US Dollar Index that If US Dollar will moved to gain its strength then USDCAD will also moved and the Map was also mentioned so just wait see the confirmations candle and then open up the buy trade. The zone marked and the target will be 1.3376
On Weekly Bearish, market has been bearish. And this sets the bias we will be looking for which is the sell side. On the daily chart, Price has just broken a level that has been tested multiple times in the past. The 4hours is a little bit more interesting because we might see being rejected by: Support now turned resistance, Trend line that has held for a very...
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...
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bearish market structure from 1H timeframe perspective, so I am looking for short. I want price to go a little bit higher to take liquidity above equal highs and to fill the imbalance, then to reject for a short position. Like, comment and subscribe to be in touch with my content!
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!
The USD/CAD pair has been exhibiting a bearish trend, and technical momentum remains unfavorably oriented for the USD. The recent attempts at a recovery from around 1.3100 were met with resistance near the 20-period daily Exponential Moving Average (EMA) at 1.3230. This suggests selling pressure and a potential continuation of the downside move. Fundamentally,...