USDCAD is making LH and LL on a 1H time frame with the bearish engulfing pattern. Short trades can be profitable.
# 1.34500 has been working as a level of resistance # Keep an eye at 1.34000 to get a bearish reversal candle # A bearish breakout below 1.33550 may make it bearish USDCAD found its resistance around 1.34500 and made a bearish move. The pair had a bounce at 1.33500. It may consolidate now. The level of 1.34000 may work as resistance. If the level produces a...
US dollar stopped its gain and reverted against the most major currencies. On the 4H graph against Canadian dollar, the instrument managed to break the support of the forming uptrend channel and started reverting into downturn. MACD histogram indicator is confirming this downtrend, the RSI fast moving line is already below the 50 neutral line, but with clearly...
USDCAD is now forming for the next impulse move to the upside. Wait for the break for confirmation before entry.
Nice looking buy opportunity Look to ride the wave up Falling wedge pattern Buy the break to the upside today!
Oscillating trend is expected to form in the support range. Further, as long as the price is below the support range, the continuation of the downward trend will be more likely
LONG ON USDCAD: -After Bearish AB=CD, a retracement to Fib 0.5 Levels can be seen -Fib 0.5 and strong support is respected -Strong Green Candles at entry -Following Dow Theory, so Entry is also at HL -RR 2
Rejection @ 1.35 area has pushed price back down to the newly support level. Possible re-test on this support level, waiting for signs of rejection to show bullish momentum. else we shall abandon this idea. We can then target again the 1.35 resistance area.
We have SO muhc confluence telling us that price is going to drop... from our daily bearish candle, fib rejection, and bearish MS, on the 4hr trend break and critical support break... I will be looking for a sell once price retests our zone.
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 bull long buy.......I think it's a good level to start a fourth wave Eliot
im quite bullish on the fundamental side of the dollar and cad going in full bull force!! trmws fomc will uncover if our analysis is correct so goodluck!
Hello dear Traders, Here is my idea for #USDCAD Price closed below yellow line (previous month low) Price closed in 15 Minute chart below purple trigger line -> Enter Trade. Targets marked in the chart (black lines) Invalidation level marked with red line Good luck! ❤️Please feel free to ask any question in comments. I will try to answer all! Thank you. Please,...
Hi Guys, took a short in USDCAD downward trend for what i suspect to be next resistance please let me know what you think guys even if you dont agree - i'm here to learn :)
USDCAD | Going Short Short Entry @ 1.33838 StopLoss @ 1.34210 TP1 @ 1.33600 TP2 @ 1.33287
dont forget money management and set your sl with 1% risk for each position
line AB is our channel. a third touch had occured on the upper trendline. anticipating the lower.