The bullish structure give us the opportunity to go long with the price potentially creating based around HL area.
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Traders! if you like my ideas and do take the same trade like i do, please write it in comment so we can...
Hi there,
USDCAD is still with in the weekly correction and we still can see one more bullish wave before the weekly correction breakdown.
How you can trade.
Price is forming Trend reversal channel which is setting up for break up watch for the strong break up and go longe and if dont and test the bottom buy at bottom or new low.
Good Luck
The clear bullish market structure give another attempt to go LONG, wait for a retracement to 61.8 fib level which is also align with the previous higher high.
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Traders! if you like my ideas and do take the same trade like i...
*Disclaimer*
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Trade safe!
LCFXpro
HELLO TRADERS, IN THIS VIDEO I GUIDE YOU IN THE CORRECT WAY TO IDENTIFY IF YOU ARE IN A BULLISH OR BEARISH ENVIRONMENT AND I PROVIDE A REAL MARKET GUIDE ON HOW TO DO IT.
PREVIOUS EDUCATIONAL IDEAS PUBLISHED LINKED...
As mentioned yesterday during the Facebook Live session, I have spotted this bullish Gartley pattern, the overall trend is bullish, hence this setup is a trend trading setup.
With such a market movement of strong bearish and weak bullish retracement, I expect a strong bearish move pushing price down into the tight buy zone even it will go near Point X and that...
The $USDCAD or The "Loonie" as it's called has been just that for me this year... Loonie. Due to the vast differences in overall trend direction based on what timeframe you're looking at, I've had a very difficult time getting a read on this pair & making any type of longer-term projection,
With that being said I do have a shorter-term projection on my radar &...
I've been watching this pair for sometimes, seems like this week will be the penultimate move as the price now consolidate in downward sloping channel as well as heading toward the daily ascending trendline. i will look for buy signal if bull can bounce & break above downward sloping channel or i will look for sell signal if bear can break the ascending trendline....
USD (DXY) is already known that last week did not close to a good index but below 97.60 what we must achieve is USDCAD. Since last week I do not think that achieving + 0.5% at closing is something that is beneficial for the buyer.
Now we have to understand that breaking the trendline and building a sell flag is a pretty good for the seller.
Usd already requires a...
We can open Buy in Zone because:
- Trend is mostly bullish now.
- Next resistanse is far from Buy Zone.
- Potential profit will be in 3...5 times bigger than risk.
If price gets to the D completion of the bat pattern & the 1.33150 zone, I will short for 140 pips
there are 4 major confluences from that level, can u spot themI
USDCAD Mid Term Sale Trade
This is Mid Term Trade there is 400 pips Risk and 1000 pips reward Use Only 0.01 Lot this is a Hold trade at least for 1 Month to 3 Month or maybe less depending on Market movement.
Note: This is only for Educational Purpose this is not Investment advice.
Please support the setup with your likes, comments and by following on Trading...
next week on usd cad be focused on a rising parallel channel.
there is high chance that we will see a bearish breakout of this channel.
If daily candle breaks and closes below the support of the channel,
we can short the market.
Target level is 1.305
Hello and welcome to my Trade Idea of the currency pair USD/CAD.
Lets start with the Top Down Analysis.
Monthly: Monthly is bullish but due to the 2 huge bearish candles I am divided opinion. There was also a LH formed as well as a possible LL.
Weekly: On the weekly timeframe, we see because of the huge bearish candles that we are bearish. The price reacts...
The US Dollar vs. the Canadian Dollar is a very popular currency pair due to the extremely large amount of cross border trading that occurs between the U.S. and Canada. The CAD is considered to be a commodity currency because of the large amount of natural resources, especially oil, that are mined and exported to southern neighbors. The USDCAD is one of the most traded currency pairs in the world.
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