So hopefully some of you guys may be in this trade, as expected price is pushing down and looking like we may see a deeper pull back to go with the overall uptrend or possibly making a reversal for some further downside. Even though I'm not in the trade I will update later in the week.
Hoping to see another much needed deeper pull back or possible trend change on USDCAD, I've just entered and like I said moving stops to entry point as soon as a few pips in profit as I'm not forgetting the overall 4hr uptrend!
Firstly I apologies for my voice I'm currently trying not to lose it LOL, anyway I've still got my short trade open but moving stops to breakeven, we seen price get a bit choppy Friday and I do expect weakness from the dollar... so a sell off or push down on USDCAD I feel is coming, the hard part is getting the best position with the lest risk. Ill monitor price...
So I've just taken short trades on USDCAD and hoping to see a quick move down where ill be moving my stop loss to entry point and hopefully catching a nice risk free short to finish the week on USDCAD.
Undoubtedly, since mid-March, CAD has dominated the market, and with USD has strengthened more than 2500 pips, reaching a local low at 1.2 at the end of May.
A first leg of correction has followed and a new drop after this.
However, this new drop has found bids in 1.23 zone and we have 2 Doji candles on our weekly chart that can signal a higher low is in place.
I...
The candlestick pattern shows a weakness in bullish trend, a short-term rest is expected for USDCAD. The level 0.61 of Fib-Ret will be the next target at 1.29784. According to Chart Patterns, an ascending triangle would be detected at the mentioned level. Final target could be at 1.37. Please share and enjoy trading!
Hi everyone this is my trade set up for the USD/CAD for the new week ahead
USD/CAD i think will push higher i am expecting a pullback to the order block zones and will be looking for a buy trade
look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk...
We have 4 hours of Hayden Diver positive material. The price is above the uptrend line and the pullback is over Therefore, the price rises to the previous ceiling after crossing the specified line
Hi everyone this is my trade set up for the USD/CAD for the new week ahead
USD/CAD i think will push higher i am expecting a pullback to the order block zones and will be looking for a buy trade
look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk...
Hello traders, USDCAD has tested the long-term trend line as resistance and rejected to the downside. This weekly price has opened with a gap and it is highly likely that this instrument may break to the downside.
Arriesga el 1% del capital de tu cuenta.
Risk 1% of your account equity.
SL 1.24500
TP1 1.25700
TP2 1.26189
TP3 1.26627
Paciencia, Disciplina y Buen Trade!
Keep it simple + Mantenlo fácil
Buen Trade!
Here on USDCAD Ill be looking for a short position if price can reject the top of this consolidation range I've drawn on and then look at taking out 1.23000 again where ill then be looking at possible buy trades.
