Canadian Dollar / U.S. Dollar
Cute caption, but enough romance, time to get to business! As we can see USDCAD is forming a very nice H&S pattern. The price that is currently at 1.28 is expected to complete the neckline at 1.27 (support #1) with some further correction. This should set up us for a longer-term goal of 1.246. Obviously, these types of trades don’t happen overnight. However, once...
Confirmations: Price action Market structure Trend Support and resistance MA’S FIB
Hello,Friends! Based on the technical analysis And the recent minor fundamental news USDCAD looks bullish to me overall I think market-makers will be pushing the pair up That is why we are going long! Like and subscribe and comment my ideas if you enjoy them!
USDCAD will short until it reaches the nearest support where the other shoulder and head rests, then it will buy to form another shoulder.
USDCAD - Classic bullish setup - Our team expects growth SUGGESTED TRADE: Swing Trade Buy USDCAD Entry - 1.27878 Stop - 1.26155 Take - 1.30462 Our Risk - 1% Start protection of your profits from lower levels Please, leave a comment and support us with like. ❤️ Please, support our work with like & comment! ❤️
Quite a long time in a sideways move, and the current slide down was an expected one. The lower the price goes, the more interesting it becomes. In any stance, both bullish and bearish, I expect a solid move up - whether: - a start of a bull run - or a completion of a three-waves corrective pattern, with a complex wave B inside Hope this is helpful. Trade safe
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Sl @ 1.27475 Tp @ 1.29000 Expecting short-term DXY strength + CAD weakness very soon.
USD FUNDAMENTAL BIAS: BULLISH 1. Monetary Policy At the May meeting, the Fed delivered on hawkish expectations regarding rates by hiking the Fed Funds Rate by 50bsp and also confirmed that the committee expects further 50bsp hikes to be appropriate. The fed also stuck to a familiar hawkish tone by downplaying the prospects of an imminent recession by...
USDCAD has been on a downtrend on higher timeframes. Current market structure appears to be finally moving to the upside. 1 Hour has stopped making a new low and has broke structure to the upside. Lower timeframes are in a countertrend moving towards our buy position. If price breaks below current low, trades cancelled and we wait for next opportunity. Higher...
USDCAD (LONG)- If all the support holds in place. If we see the Support 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 if we...
We have a great 61.8 fib rejection. What a sell we have nice order block.
still bullish on USDCAD..... Use proper risk management ..ADEX CARES....
U.S. Dollar/Canadian Dollar still bullish, I don't going to closed up any position to long only in this par. But right now, we see a break out of this bullish rising wedge in H4 timeframe with a strong bullish candlestick pattern what I entry around $1.2792 CAD. This it's my yersterday analysis of this trade as we see that we formed like a inverse bullish...
watching for volume cluster, building volume, building new postion.
The red bullish pattern is invalid so I am anticipating it to fail to create a new high (above 1.3080). My upside target area is defined by fib retracements using the blue X,A leg to anticipate where D will complete. I am trading the blue C,D leg up to my target area where I will be watching for hidden bearish on a lower time frame to help decide when I exit the...
Hi Traders, When we look at the past of the chart, we had a big head & Shoulders in the monthly and weekly time frames. This pattern is broken and now the price is pulling back on the neckline and we have a strong selling pressure We are also on upward channel, which is in lower daily and weekly time frames After a bullish rally in daily time frames, it looks...
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...