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...
The bearish momentum is still strong. For now, the price is consolidating after attaining a lower high according to the higher timeframes (D), and I predict a bearish breakout for this pair. My long term target is at the lower trend line thus my entry is at 1.284 and Sl @ 1.289, slightly above the market resistance zone. Entry - 1.284, Sl - 1.289. Tp1 - 1.279,...
According to the higher timeframes (Daily, Weekly), this pair has been forming a rising flag, which is a major indicator of a bearish momentum. For the past few months, the US Dollar has an inflated price, and thus may weaken in the near future, which might make the movement of the chart move downwards. The price touched the uppermost trendline of the flag, and...
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...
Hi Traders, USDCAD is setting up for another drop as we could see on the HTF price has moving within an ascending channel with a strong reversal impulse push down from the top of the correction. To add confluence to this set up, we can also see a H&S pattern with the R shoulder completing to indicate further downside. If we look at the LTF, we can see price is...
On H1 chart the market of USDCAD has made fake breakout which is giving us strong selling pressure on it.
hi guys its kamy. sorry for not uploading posts i just lost my grandma and it was a tough time for me and my family. we have USDCAD chart here after breaking last channel and price got so close to our resistance level so we expect price to go down so we can have a pullback then we can see if price wanna go higher. Now we should wait for signal and key bar to take...
Hi there. On this pair nothing special. We bounced from strong and old trendline on July 1st and climbing new heights now. Also crossed old and strong level and entered zone of liquidity. So here we just looking for buy on any possibilities. But keep your eyes on this trendline. If we break through it - then we're done. We will roll from this rock and next stop is...
Due to the decreasing strength on Oil. Most of CAD pairs are affected by this market. On Ucad’s structure….looking for a short position to form a perfect bullish reversal, then we go for long. NB: NFP news and CAD unemployment morrow can affect the market!!!
Trend: Bearish Candle: Inside Bar Support and Resistance: Support near the TP and Resistance at LH Parallel Descending Channel
On the H1 time frame, a break below the support zone at 1.28300 presents an opportunity to play the drop. Prices are holding below the descending channel as well, in line with the bearish order flow. We could see prices push lower to the next support zone at 1.27700 in line with the graphical low.
Looing at USDCAD on 30M timeframe We looking for a possible SELL/SHORT position We looking for a possible downward at this phase
On the M30 time frame, a pullback to the resistance zone at 1.2850, in line with the graphical resistance area and 78.6% Fibonacci extension presents an opportunity to play the drop. A break below our downside confirmation level at 1.2835 could provide the bearish acceleration to our support zone at 1.2790. This support zone coincides with the 78.6% Fibonacci...
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...
USDCAD( D ) has formed another bearish engulfing in the direction of a daily downtrend from daily 20EMA. There has been already a series of bearish of engulfer in the direction of the trend with a series of lower highs. A possible sell opportunity may arise upon the close of the daily candle with a lower low.
USDCAD is firm a falling flag after break neck line of double top pattern and has chance to goes down again. Any break out above channel can be false break out, So, if break above channel, do not panic and wait for 4 or 5 candle after that to back to channel. Trade safe. Good luck.
USD_CAD Continues bearish , pullback at supply zone and a move down towards the target 1 or 2 SHORT
Hi Traders, USDCAD is setting up for a sell opportunity. Looking at the HTF we can see that price made an strong impulse push down followed by a bearish correction to indicate another impulse is likely to occur. We can also see a bearish H&S pattern to add confluence to this trade opportunity. Looking on the LTF we can see price failed to push any higher and...