Canadian Dollar / U.S. Dollar
Hey traders, USDCAD is steadily growing within a rising channel on a daily. Ahead is channel's resistance. From that, I will expect a strong bearish move. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
✅USDCAD is moving in the area of an important resistance level, having already formed several peaks. I expect a fall soon.✅ 🚀 SELL scenario: short to 1.278.🚀 ---------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Pair USDCAD formed the lower high and lower low. First potential support at 38.2% Fibonacci level around 1.28600. The break below opens the space down to 61.8% Fibonacci level at 1.27250.
We are seeing the USDCAD to go down and break the 1.27$ mark. Let's get started! (Make sure to hit LIKE!) If the price hovers around this current market price then soon we will see a long sell which could give us minimum of 200 pips profit
Open - 1.28916 TP1 - 1.29099 (target already reached) TP2 - 1.24514 TP3 - 1.24015 SL - 1.33499 Please note that my setups are not signals to trade but my own personal analysis and predicted direction. To enter a trade it must be validated by multiple different indicators and confluence factors.
Again at the same price as last time we create another head & shoulders reversal pattern after a large bullish up move from a falling wedge. Looking to enter sells on a confirmation of breakout
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, TP 2 , TP 3 and EXIT (SL) 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 differently during the session and only enter...
Hello traders, Wave B has probably ended at 1.30174. Wave C is supposed to materialise towards the support zone at 1.27320. Thanks.
USDCAD is trading in a channel since AUG 2021 and from my analysis, this is Wave 4 and is now coming to an end meaning we might continue to the downside to the end of Wave 5. However, the price is currently near 200 EMA that might provide support as it has for 4 occasions within the channel acted as a resistance. I entered short at the rejection of the upper...
this pairs is repeating itself every time in the same way. A 4hrs close below 1.2850 can open a room to 1.2730 as 1st target and 1.2600-1.2570 as full target. trade safe
I have been watching USDCAD for a while now and it has finally broken a level of resistance it previously rejected three times. This is an indication that the bears are finally in control. Other confluence comes from a bearish candle has closed below the 200 EMA and increasing smart money participation. Target 1:3 RR. Good luck.
This is my plan for next week for USDCAD. If you want to trade this idea, please don't use entry line as trigger. Its not. Enter just after false breakout, which means price has to go under entry line and then has to form some kind of rejection candle or pattern. Hammer or bearish engulfing. If you are beginner, I will update this idea if - when entry conditions...
We have developed a M formation and are rounding out the other top of the M here. We also have bearish divergence on the OBV. I expect to see a stop loss hunt/trap for buyers up into the zone and a short from there. We should be able to have a very high r/r as long was we are patient.
Waiting to see a rejection at that level marked out before we go in on a buy..proper risk management.ADEX CARES
Price action has trapped both buyers and sellers in this range. First, we have head and shoulders sellers being lured and stopped out and now we have smart money order block traders being taken out. Since the market has taken both buyer and seller liquidity, institutions may have enough fuel for the next impulsive move. My bias is bullish into the equal highs...
Hey traders, here is the analysis for the EURUSD. Join the FREE community link in the bio. Hit Like👍 if you agreed.
Weekly analyze-10 /major pairs in 4h timeframe with Smart Money/
hi.... we are in strong resistance in D1 timeframe and see the head and neck pattern with break the neckline .we have a limit order in red area ... so wait for pullback and then open sell position. we have 3 tp. and green area is good for swing trade. i I would like to know your idea my friend