Pair: USDCAD Analysis: Chart Patterns + Highs & Lows + Impulses & Corrections Directional Bias: Short Type: Swing. Entry: Reversal Patterns & Continuation Corrective Structure on the LTF's. ⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not...
Basing on demand and supply principles I think this pair shall buy towards that supply zone
Price has formed a V-TOP chart pattern formation as you can see in 4H timeframe and also managed to close below 4H low which means that our structure now turned to bearish again. due to V-TOP formation price formed a bearish engulfing candle in Daily timeframe which is a strong signal for bearish move and also as we can see we are in overall in bearish move so we...
As you can see a new peak formation has been created and we are now looking for sell. So as you saw with the Fed Chair Powell hinting that Fed could begin to pivot and perhaps a lower then expected interest rate hike coming in DEC 14th .. cause the US Dollar to weaken and now we can confirm a new PFH has taken place ... We look to take sell setups on USDCAD ..
Analysis of #USDCAD Hi traders, today we will have a look at #USDCAD The USDCAD formed a confirmed bearish head and shoulder pattern, for me this is a valid reversal head and shoulder pattern ;), since we have a confirmed break out of the neckline I am only looking for a sell entry now. As you can see on my chart, i am looking to sell at the right shoulder...
USDCAD is falling after the dollar index. I marked on the chart the important level of 1.35029, in comparison with which the price makes a false-break and forms the pattern "Head & Shoulders". The upward price channel can be broken, but only if the price breaks the support of the "H&S" pattern or the support of the price channel. The key level is 1.33874, against...
The price has broken the progress line in the 4-hour period and we expect a decline to the specified Tp
USDCAD good point to look after big short impulse usdcad searching for correction and confirmed a pattern so wait and enjoy winning
Considering the behavior of the price in the current support range, the uptrend is expected to start If the price crosses the support range as well as the support trend line, the downward trend will continue
Trade Idea: Buying USD/CAD Reasoning: The market is testing DEMAND and trendline and looking to push up. FIRST TARGET Entry Level: 1.34524 Take Profit Level: 1.35010 Stop Loss: 1.3976 SECOND TARGET Entry Level: 1.34524 Take Profit Level:1.35810 Stop Loss: 1.3976 THIRD TARGET Entry Level: 1.34524 Take Profit Level: 1.36617 Stop Loss: 1.3976
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 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react...
USDCAD inside a channel pointing down. Price is coming from a strong sipply level. with neutral-good Cad news - negative USD, this pair is good for entrering short at the corrections.
This is the first pull back to the Daily orderlock after the possible trend change so its a high probability short as of now. Strong momentum from the weekly levels develops the trend change bais.
Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the USDCAD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: The...
Happy Thursday traders🔥 It is a new month so we want to slowly ease our way into the market. Fed policy rate futures imply a 75% chance of a half-point rate hike in December, versus a 25% chance of a 75-basis point hike. U.S Dollar down on the day. U.S Oil up on the day. USDCAD price lagging behind, giving us those SHORT opportunities. Let’s see how this one...
USDCAD making LH and LL on 1H. short trades can be profitable.
Head & Shoulders Pattern Forming. Break and Retest of structure, Going Short!
USDCAD long idea, reject of ema and ema cross. bullish scenario sure