Price has been into a bullish order block (on daily time frame) followed by a hourly break of structure and a 4 hourly bullish pinbar as can be seen in the picture.
We look to Buy at 1.36. This setup is based on the strong support at 1.36 and confirmation through a break above 1.365, indicating bullish momentum. Risk/Reward would be poor to call a buy from current levels without further confirmation. The measured move target is 1.369, which aligns with the 38.2% Fibonacci retracement level, often acting as a resistance...
Preferred direction: SELL Comment: After another price fixation at the level of 1.36000, we are again considering an approach to this level through two scenarios. It should be noted that a fall below 1.36000 is not expected, so it will be very important to exit on time. The most likely scenario №1 involves a fall actually from current prices near the...
Price Action Daytrading H4 bias bullish. Not expecting FED to cut the rates this coming Jun. USD will hold bullish till Sept. Price has broken a H4 Resistance level and went higher. Price did not reversed back into the range which shown that price is not fake breakout. Price retrace back in the H4 Broken Resistance that turned support. At the support level, it...
USDCAD based on daily data is conveying a significant increase in short positions -- and buyers/LONGS exiting. Expect some series of descend (downside) from the current price point. Spotted at 1.36 TAYOR Safeguard capital always.
1. USDCAD broken the Resistance zone and looking for long Entry. 2.The Target is Next resistance around the Trendline Resistance
Let's try to ride this upside movement projection yesterday we anticipated that USDCAD has to try to pull back before it continues going up. So now we ride along. Trade safely as we know about the dangers of the market.
CPi Data lower than Expected means Interest rates prob come down Investor don't like that Initially But price generally returns to previous levels anyway
After a double bottom, it made an excellent liquidity rally. It subsequently returns to test a trend line. What does that mean? Liquidity baby! I show you one of my favorite entry patterns.... Keep it Simple! :) If you liked it, don't forget to follow me!
USDCAD buyers holding firm above the support zone, showing multiple rejections to the downside. We've now seen a huge bullish candle on the 1D TF, indicating a higher chance of market moving higher towards our target of $1.40. Take advantage!
Important April and year-over-year inflation data from Canada will be released this afternoon, which according to Statistics Canada has seen a housing production crisis unheard of in the country, leading to a runaway increase in housing prices and access to housing. It has also reflected a very strong increase in inflation in rents, transportation, and the...
Hi fellow traders, USDCAD is ready to make a move lower from the blue box after completing the flag correction. Target the 1.3563 level. Good luck and trade safe!
My dear subscribers, USDCAD looks like it will make a good move, and here are the details: The market is trading on 1.3606 pivot level. Bias - Bullish My Stop Loss - 1.3566 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.3670 About Used Indicators: The average true range ATR plays an...
Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.37000 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.37000 support and resistance area. Trade safe, Joe.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
In Friday's London session, the USD/CAD pair is making strides towards the 1.3750 mark, but faces a formidable barrier at a strong area of resistance. This resistance zone coincides with the 78.6% - 88.6% Fibonacci area, further compounded by the RSI indicating overbought conditions in the D1 timeframe. Such confluence signals a potential reversal point,...
📢 Signal: BUY USDCAD 📈 Entry Point: 1.36278 🔍 TP1: 1.36508 🎯 (30 pip TP) TP2: 1.36738 🎯 (60 pip TP) SL: 1.35878 ⛔️ (40 pip SL) Ensure proper risk management when following signals! 💡 @mr_bombastic_signal
Howdy! The daily frame showed an inverted hammer candlestick pattern. Support and resistance lines were placed on the most recent swing highs and swing lows. Moving on to the 4-hour frame, a trendline formed a descending triangle. The price did not break through the support line but through the trendline, and a retracement was made. I predicted that the trend...