The US dollar has pulled back again during the trading session on Thursday against northern counterpart. The Loonie has been a bit oversold as of late, so this is not a huge surprise. The question now is whether or not this is going to be a simple correction, or is it going to be something bigger? A lot of this could come down to the oil market as per usual, but...
You can see a divergence in USDCAD and it has retraced from channel top. Looking to go for a sell trade from here to the OB below. Details given on chart.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of USDCAD, I think we are going to see an upward movement. If you are going to go long now, make sure to place the stop below the previous support area . What do you think is more likely to happen? Please share your thoughts in comment...
Here is my view for USDCAD on H4. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Hello everyone, I am opening USDCAD short position now with 20 pips sl
Hello. After breaking the set level, you can enter the sale with 2 targets
Still holding my short bias on USDCAD after been stopped at break even on Friday, we are getting a nice reaction from that 1.27300 retracement area showing that it is holding some sort of significance. At the start of the week I will be watching price and trying to get into the best opportunity I can to hopefully catch the large move to the downside.
Here is my analysis for USDCAD on M15. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
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.
Here is my view for USDCAD on H4. The price should go up, you can put a pending order on the Order block or find an entry on LTF. Trade Safe!
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.
Hi everyone this is my trade set up for the USD/CAD USD/CAD possible short TRADE is going against the trend so slightly risky, wait for a confirmation candle or pattern to form look for something concrete then if it meets your criteria for a trade then execute This is my analysis only please trade with caution and risk management in place good luck for this...
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...
The ENTRY/TP zones are your entries as well as your exits. Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break. Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule. More info on the strategy and how...
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.
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!