USD/CAD is moving within an ascending price channel for the last few months. The best level to sell would be after the price hits the upper trend line of the channel. My recommendation is to wait for the price to touch the upper trend line. The area between 1.3150-1.3220 would be of interest to me. Potential sellers must wait for price rejection at the level...
USDCAD is forming some nice price action and is the trade I'm most interested in at the moment. As explained I'm looking for price to make another failed attempt to push up then enter shorts off the back of that rejection.
USDCAD (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter...
This is a trade we have been waiting on for a while to reach our POI an area where we will be looking to sell this pair.
Will be monitoring price around the current resistance of 1.30500 for some short trades.. Ill be waiting for more price action on the 1 and 4 hr before even looking at entry, if you are trading this level id recommend you wait for the confirmation right shoulder move as we are still in a steep uptrend..
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...
U.S.Dollar/ Canadian Dollar is making a Double Three Correction (WXY). I expect that the microwave Y will finish in my PRZ(Price Reversal Zone)& TRZ(Time Reversal Zone) and near the resistance line. After that, U.S.Dollar/ Canadian Dollar can go down to the middle line of ascending channel, and in the next step, it is close to the support line. 🔅U.S.Dollar/...
I have attached all the explanations in the chart Be sure to pay attention to the description And do not enter into the trade without considering the conditions
SHORT ON USDCAD SHORT BIAS: 1. Bearish Divergence on the RSI 2. Resistance Line has been tested before 3. Price needs to come down to test the last institutional order block
looking forward to seeing USDCAD take out the new liquidity created fill in the imbalance, mitigate the supply zone above, before we start selling off.
We have seen a clear bearish structure on the usdcad and we have seen also a confirmation by a reaction on the first OB and we are now looking to see the market fall from this supply zone and push price lower!!
USDCAD (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter...
Price has taken out liquidity from the highs and is now falling... uptrend structure has been broken on the lower timeframes (5 and 1min) Price is also in a overbought state on the rsi and is now starting to fall to grab liquidity from all support areas. Entry 1.28950 Stop loss = 1.29440 49 PIPS Take profit = 1.27741 120 PIPS+
USDCAD - 1HR - 1D - TECHNICAL ANALYSIS The bulls tried to continue higher, but the bearish keeps taking control. Creating lower lows and lower highs.
USDCAD is in A Down Trend From Previous Days . And Now The Market Has Reached the ORDER BLOCK ZONE . Grabbing Some Liquidity Above Inducements . So Now we are Expecting The Market to Fall From Here
For usdcad analysis, I can say that there is more possibility of fall and decline So I will wait for the price to go up And I am waiting for a sell position in a good range
1.28500 ~ 128000 It was a very important key level for a short term. In the short term, it is moving back to the downtrend.
If you agree drop a like and if you have a question leave a comment:)