Trade Idea: Selling USDCAD Reasoning: Price stalling near trend line resistance, current trend remains bearish Entry Level: 1.2874 Take Profit Level: 1.2760 Stop Loss: 1.2901 Risk/Reward: 4.22:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in...
On the H4 time frame, prices are approaching the resistance zone at 1.2890, in line with the Fibonacci confluence levels where we could see further downside below this zone to the intermediate support target at 1.2780 which coincides with the graphical support. A break below the 1.2780 intermediate support target could provide the bearish acceleration to the...
USD/CAD I am going to wait for the breakout before entry. Eyes should be on this because a bullish correction is about to take place
There's false breakout with a spike to the upside in Daily chart ,
#USDCAD Looking for Sell trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! Thank You.!
Price is expected to fall as already made triple-top, but if the price reverses from the support he it will fail the pattern and still can go up.
Could we still see a continuation of the bearish sentimet of USDCAD? With possible recession questions asked within the US and a reported strength in the Canadian economy, anything is possible. However, from structural bais, trend has been bearish with successive BOS of demand zones, could a possible entry be taken then?
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...
Hey guys, I'm bearish on this pair. I expect that fvg on the daily chart to be filled
#USDCAD Looking for Sell trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! Thank You.!
U.S.Dollar/Canadian Dollar made a Double Three Correction (WXY) in ascending channel. I expect that U.S.Dollar/Canadian Dollar will go Down at least to the lower line of ascending channel, and it is possible to break the ascending channel this time. Also, we can see the Regular Divergence between price and MACD Indicator.👇 🔅U.S.Dollar/ Canadian Dollar Analyze...
After a bullish run the US Dollar is looking in a bearish mood. The price is currently below the fib 0.5 level but the bearish candles are still forming which shows that bears are in control. Lower highs are formed so we can take short position at this stage.
#USDCAD Looking for Sell trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! Thank You.!
GBPNZD alert has just presented. Reversal trade identified and entered. Trade in slight draw down at moment but lets see where it ends up. Working 30M timeframe. Trade details can be found on the chart in red label. Trade box is tracking the trade. Fancy knowing how I identified this trade you know what to do. Thanks for looking Darren🙌
USDCAD is in wedge after break his channel and has chance to goes down after pullback to broken channel. On my view, there is no bullish momentum in DXY at the moment and any currency has chance to strong versus US dollar. Based on my chart, CAD has chance to strong again and USDCAD is bearish on my view. Good luck guys. Trade safe.
In and out hopefully , failed to break resistance, jumping on momentum.
On the M30 time frame, prices are holding below the descending channel where a pullback to the resistance zone at 1.2870, in line with the 61.8% Fibonacci retracement presents an opportunity to play the drop to the support target at 1.2780. This support zone lines up with the -27.2% Fibonacci retracement and descending channel’s support. Failure to hold below the...
On the H4 time frame, prices are facing bearish pressure from its resistance zone at 1.28500 in line with the 61.8% Fibonacci extension and a pullback to this zone presents an opportunity to play a further drop to the next support target at 1.26800. This support target lines up with the 78.6% Fibonacci retracement and 100% Fibonacci extension. Ichimoku cloud is...