USDCAD H4 : The Potential Bullish trend is still active.
The first support level is seen near 1.34908 and the second support level is shown near 1.34500 and these both support levels suggests that the history may revise & again to pullback in the uptrend. Now also its indicating to achieve the upper Low risk target near 1.35715, Medium risk target near...
This isnt for signal purposes. USDCAD might be long term buy but in the short term there is a Support and Resistance tha hasnt been fuly touched and my confluences are gathered for a short term sell
Hello,Friends!
USD/CAD pair is in the downtrend because previous week’s candle is red, while the price is evidently falling on the 4H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.352 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely....
It is expected that after some fluctuation, the continuation of the upward trend will be formed and it will advance to the specified resistance range. Then, according to the behavior of the price in this range, possible scenarios have been determined
Daily USDCAD analysis
Sell trade with target and stop loss as shown in the chart
The trend is down and we may see more drop in the coming period in the medium term
All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments.
He gave a signal from the strongest areas of entry, special recommendations, with a...
I want to have a sell with limitt order but the stop is alitlle lone and i would have another sell if it go up.if it will be righ i close 2 orders on tp of sell number 2!
Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: As I expected in my previous analysis price filled the imbalance and rejected from support zone. Now I expect bullish continuation and my target is buy side liquidity.
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Hello Traders,
Hope you all are doing good!!
I expect USDCAD to go Down after completing this correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market...
Monthly chart -
Previous bearish railroad.
Thus, we predicted, bearish engulf candlestick for the month.
Weekly chart -
1st week, bullish
2nd, bullish peak (entry) >> 78.6%/61.8%/50%/38.2%/23.6% fibonacci retrace
3rd, bearish
4th, bearish (exit)
Fundamental analysis -
must align.
Technical -
Just for entry scalping into end of the month.
Usdcad Under This Channel Looks Like We Have Best Buying Opportunity Around 1.34800
Take Profit Upto 1.35586 Dont Miss This Opportunity Note ;- Its Not A Singal Signal Will Be Available After Confirmation Stay Tuned For More Updates
Well as you can see the price created the inversion FVG at the 4-hour chart.
Now, if the price stays below this inversion we can target the sell-side liquidity.
On the other hand, if the price tries to move higher, liquidity above 1.36188 can be the price target.
💡Wait for the update!
🗓️21/02/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
The price perfectly fulfilled my previous idea. FX:USDCAD is approaching the support level on the daily timeframe. The market made higher, higher, and higher lows. Another thing worth mentioning is that price action is ranging on the daily timeframe, and therefore, price action will probably stay in the range zone, bouncing off the support and resistance levels....
