Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a USD/CAD Sell. Enjoy the day all. Cheers. Jim
I hope all is well. Here's my analysis of USDCAD. Price has broken the counter trend line and created a lower low. Now I'm looking for a price to create a lower high in the zone marked on the chart. This same area happens to also be the "golden" area on Fibonacci. If the price doesn't give me the retrace that I am looking for then I will look for a close after a...
We are seeing the USDCAD to go down and break the 1.27$ mark. Let's get started! (Make sure to hit LIKE!) If the price hovers around this current market price then soon we will see a long sell which could give us minimum of 200 pips profit
Usdcad Made Head And Shoulder Chart Pattern in h4 time frame sell Taregt 1.225350
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 chart clearly indicates a bearish move forming lower highs in usdcad if breaks support we can get a clear short move
USDCAD formed Head and shoulders pattern on 4h timeframe in addition of being on a daily resistance breaking the neckline would be a good sell opportunity our target would be 1.275
Hello traders we can surely see USDcad going back to major resistance lets wait until it breaks bellow 1.2950 and close bellow that so we can look for sell trades.
USDCAD Sell New 4hr candle TP 58+ pips and SL 30 pips
After USdCAd failed to breakthrough 1.31000. at worst case i'm still considering USDCAD not to break the rejection zone. Hence shorting USDCAD into 1.23000's. Thus expecting a double top formation on this.
after we had a double top and a breakout of the vwap and the the neckline with force we can take the sell position
USD CAD oscillating between two strong buying and selling zones mentioned on chart, can take both side trades on lower time with bellow zones stoploss for good gains.
Price has come back into structure. We can expect some additional weakness from the Dollar. First target zone around 1.28150 region. We have established a triple top on the high time frame. More bearish pressure should resume after collecting short sellers orders to resume lower. STOP Loss placed around 1.30 zone for swing trade set up.
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
I will be looking for a potential sell trade on USD/CAD if I can see price come into this area & shows me bearish confirmation. I am not going to showing the technical reasons for this trade idea.
UsdCad short setup got rejected so i got in the Trade with short stop loss so now lets be patient and wait for it
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...
Sell Opportunity for USDCAD. Double Top with rejection. On HTF a M pattern is forming. ON LTF the Right shoulder of an Head and Shoulder pattern is forming. We expect the price to move up and to go towards a Resistence at area 1.2987 where it may find rejection and drop, allowing us to execute the trade.