Hello Traders, The USDCAD looks to continue its move lower with upcoming employment numbers out of the US and Canada. The USD has been weak with the world economy re-opening and it appears this trend is going to continue. From a technical viewpoint, Hidden Bearish Divergence is forming on the 4H MACD/Price Chart. On the 2H, the Hidden Bearish Divergence has...
My Projection for Next Week USDCAD Why Bullish? - Weekly trend is bullish - Last week's candle is a half wick red candle (showing bull power) - Daily candles had a breakout from accumulation stage - We bounced from 1.3840s (strong support) last week - Strong USD News - 4H Big GREEN CANDLES - Retracement has started at 4H If you like this idea, please hit LIKE or...
1st trade of week 21, starting with a trap reversal short for 40 pips. Stop could be placed behind structure or at a specific price depending on your trade plan and style of risk management.
will we finally see this pair drop ? or push even higher... there are a lot of factors in favouring its bearish descent , but the same is spoken patience is key. anticipate - react - execute cheers
in respects to recent USDCAD analysis... looking for continuation to the downside when confirmation is presented - retest - respect - closure anticipate - execute - react cheers.
The pair is currently bullish, but expect a reversal once price touches the the resistance area, but price can also touch the trendline resistance level.
Ill be looking for buying opportunities but only if price breaks zone meanwhile market might go side ways keeping a look out on this pair.
the daily time frame has built a falling wedge. are we expecting a reversal or a breakdown. keep an eye on the pair. do not miss out
Shorting off the 50% fibonacci retracement level using the pin bar as a price action signal. Selling at market price @ 1.32019 with # SL above the pin bar @ 1.32829 and # TP lower down around support @ 1.30324 You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using...
UCAD is in a clear sell on the weekly timeframe. However, the daily MACD shows the moving averages touches with a possible crossover to the upside. The 4hr shows a slight move to the upside but closely approaching the 50EMA zone at 1.311. Will look to see what price does here. Will take long position if price breaks the EMA and retests. Also, divergence on...
# Price has failed to continue making higher highs # After the last bearish move price has pulled back to and pinned the 1.34505 level # Bearish engulfing completed on D1 time frame # Moving average providing resistance as price struggles to break through Selling at market price 1.33759 with # SL above the bearish engulfing high @ 1.34505 and #TP lower down...
USDCAD H4 Buy @ market price 1.33897 SL @ 1.33499 TP @ 1.34795 To learn the dynamics behind this trading strategy please join my mailing list at www.facebook.com Always exercise good risk management. Don't bet the farm and don't invest what you can't afford to lose!
# Classic breakout and retest setup. Resistance popped and price came back to test as support and print a hammer (buy signal). If you switch to the daily time frame and look at the previous high its a long way to go, so with 163 pip reward the cost of opportunity of 30 pips sure is worth it! # I have bought at market price 1.34834 # Stop loss 30 pips below the...
I am only looking to buy as I can see the market is currently bullish on the weekly and daily time frame. The last bullish impulse move took place and I want to see if the pullback is a correction by testing the 61.8% fibo level. IF a buy signal prints on the 61.8 retracement level (1.32611) I will open a buy order with my stop below support and targeting...
OANDA:USDCAD I am demo trading and documenting my progress. This is not intended to be a buy signal ! Ascending Trendline Structure on 4H Possible Retest of 4H Support - Currently Competing M Structure - Buying At Support Zone Buy Limit - 1.33200 SL - 1.3247 TP - 1.3617
This is a classic example of the TLS trading system using price action: Trend = down Level = resistance Signal = bearish engulfing (and a hanging man with confirmation) Stop loss @ 1.32199 and Take profit @ 1.30871 30 pip risk for 100 pip reward Dont bet the farm and always exercise healthy risk management :)
FX:USDCAD All time frames are indicative of the bulls being in control (H4, D1, W1) so I am looking to buy. *Price has just started pulling away from the 1.331368 level where a candle pinned the support and printing a bullish engulfing pattern (buy signal) Buy order opened @ market price 1.33599 with SL below lows @ 1.32932 and TP at resistance @...