Based on the Relative Strength Index (RSI) indicator, there is currently a divergence present. Once the first LL (lower low) is broken, it would confirm the formation of a bearish trend. I plan to enter a short trade with a 1:1 risk/reward ratio. Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research...
it looks like cad is gonna have a good short here, I'm thinking about is this demand zone can reverse the trend or not but there will be a good short position until next demand zone (light blue box)
Double Top in USDCAD in H1 timeframe along with bearish divergence may reverse the trend from bullish to bearish if it breaks support level of 1.352
This is just an analysis. If you feel it helps you and this analysis is correct, you can enter the trade at your own discretion with the appropriate volume and SL.
ON USDCAD We expect a head and shoulders pattern, activating the decline, and direct entry of sellers ENTER NOW OR 1.3566 SL 1.3582 TP 1.3438
A possible retrace on 2 hour supply, sweeping all internal liquidities then proceed to sweep external liquidities down to 1.30494 demand area.
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here I am looking for a long position as we are in a bullish market structure on daily. My point of interest is bullish order block and imbalance filled after price took sell stop liquidity. Then I will look for a confirmation on lower timeframe. Like, comment and subscribe to be in touch...
Hi USDCAD IN Supply Area Entry:1.34690 SL:1.34899 TP:1.34067 RR= 1:3 if You like Support & Share
We can see the chart tells that it is in downside momentum. Now, the is a 3-hour supply area that can be a possible area for another short entry between 1.34289 to 1.34397. Then goes down to the daily demand at the bottom.
Downtrend with waiting the price action USDCAD frame 4H
Hi Traders, Check this out - USDCAD could start a fresh bearish momentum, after breaking of the bullish trend. However, with the uncertainty on how heavy FED could bump dollar this is better wait on for a break below the Triangle pattern before looking for a better short trade entry. That is what i will do, provided that we get a solid breakdown and retest of...
Short USDCAD at key resistance level. Stop loss above resistance level. Target at previous swing low. Use technical analysis tools to identify resistance level and confirm with other indicators. Manage risk and stay updated on fundamental factors.
Heer 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!
Waiting for the 4h Candle closure and looking to sell the retracement back to the low
#USDCAD USDCAD is now quite BUY. The dollar started to strengthen slightly because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that...
Hello everyone! Hope you all had a great weekend and Ramadan Kareem all. This week we are waiting for GU buys and I noticed a great setup on USDCAD sells. Entry as mentioned on the chart for a RRR of 6:1. Risking 1% for 6% gain. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. Good luck everyone! Regards, Enzo
USD-CAD has formed a Bearish flag pattern While retesting the Horizontal resistance level So I think we will see a Bearish breakout and a Move down !
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.