on the h4 timeframe we see short term bearish movement and after 0.618 retracement complete on 1.280000 in h4 timeframe then we enter long term bullish movement
With the upcoming CAD CPI news in expectation, We could see CAD fall to the downside. And With the current Currency strength index in favor of the USD at a ration of 3:1, We could use this as more confluence with which to place a trade. Lets see how it goes
Trading proposals post based on price action, technical analysis, major intraday supports and resistances, rejections, breakouts, chart patterns and other factors . Trading suggestion : 📈 USDCAD Sell Now or Sell at 1.2997 Stop Loss @ 1.3111 Take Profit 1@ 1.2865 Take Profit 2@ 1.2765 Take Profit 3@ 1.2549 ⛔️ Trading and investment in the financial...
According to volume and technical analysis , USD/CAD is in downtrend . put your sell limit orders and relax . Entery points are the 3 levels of Fibo ( 1 , 0.5 , 0 ) SL @ red Fibo level TP @ green Fibo level Good Luck guys ;) ...
Based on my previous bearish sentiment on the pair, i am expecting a breakout from the descending wedge and a price drop to the 1.26680 level...LFG!
USDCAD | What'd be the next price action? As we can see on the provided timeframe(1W), price tends to be reacting to the current double top pattern that's being formed by forming a bear flag pattern which has apparently completed its cycle. So therefore in the coming weeks, so far we do not see a BMS from "1.3 - 1.35" will validate this idea. If you had stumbled...
USDCAD Sells from Fresh Supply Area Could be Good Scalp !!
#USDCAD Looking for Sell trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! Thank You.!
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)
Usdcad being bullish ...breaking from bearish orderflow to bullish order has been aggressively climbing up seems we are hitting resistance to retest and finally fall down
Same Like USDCHF I see Sells in USDCAD . I m Saying Sell Straight away because of the CO-RELATION between 2 pairs.
USDCAD short idea ENTRY: 1.27000 Stop Loss: 1.27887 Take Profit: 1.24197
Here is my view for USDCAD on D1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe and happy new year!
So USDCAD pushed higher and now back at a stronger resistance area so ill be looking for shorts around this this level.
Not really much happening on USDCAD, we are now just seeing price make a retracement like I expected, then ill be watching for hopefully the next short wave down.
Now that price has reached first minor target area I think from this support we may see another push back up to make another failed spike up or a retracement to follow the possible new downtrend. If we see this retracement move I may look at adding further short trades.
I'm still holding the bias of seeing a further push down but now its just getting into the best entry point, after been stopped at breakeven from last night ill be watching for entry's again today! Price usually gives you more then one opportunity and we still haven't broken upside trend structure so I defiantly wouldn't look at taken shorts from current price, be...
Will 1.28000 be the resistance that gives the much needed pullback on USDCAD? Ill just be monitoring price at the start of the week and hopefully price can shape nicely for either a bigger retracement or even possible reversal.