Pair Name : USD/CAD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Break...
The current USD/CAD exchange rate has entered a selling zone at 1.37304. This suggests a favorable opportunity to sell the USD against the CAD. Traders may consider setting their take profit levels at 1.37041, 1.36738, and 1.36509, indicating the points at which they aim to exit the trade with profits. Additionally, it's prudent to establish a stop loss at 1.37730...
Hello everyone, let's dive into the current dynamics of USDCAD! Right now, USDCAD is forming what looks like an inverted cup and handle pattern, as depicted in the chart. Keep an eye out for a potential sell entry around the 1.365 level if a breakout occurs as anticipated. If things go as planned, we might see this currency pair make a move towards the 1.356...
USD/CAD H1 Chart - Potential Short Entry Based on Head and Shoulders Pattern The USD/CAD H1 chart might be presenting a shorting opportunity based on a possible Head and Shoulders pattern. Pattern: Head and Shoulders (Bearish Reversal) Description: This pattern consists of three peaks: a left shoulder, a higher middle peak (head), and a right shoulder that...
UC is on the brink of breaking through the support line amid massive divergence. OANDA:USDCAD
hello guys... as you can see a wedge pattern formed and the price broke it up! consider it the price touched the target of pattern and I mention it on the chart! now if you check the 4h timeframe: you can see a head and shoulders pattern formed but the neckline has not broken yet! if the neckline breaks you can get a short position to the s&d area! this...
USD/CAD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.3702 which is a pullback support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 1.3608 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 1.3828...
The Loonie has been hovering between 1.31 and 1.39 for the past two years, and we're quickly approaching the upper boundary of this weekly range. Will there be another sell-off? Let's dive into what the price charts reveal. We're riding a 17-week uptrend on the weekly chart, with last week's candle showing an especially bullish move—over 200 pips—pushing us near...
Hi Traders ! On Tuesday 16 April, The USDCAD Reached The Resistance Level (1.38088 - 1.38549). The Price Formed a Head and Shoulders Pattern. Currently, The Neckline is Broken ! So, I Predict a Bearish Move 📉 TARGET: 1.36300🎯
Given that the price has broken out of the uptrend, the corrective trend is expected to move along the specified path. After the completion of the corrective pattern, it is expected that the upward trend will continue
We are looking to continue with the bull run as we are still inside a bullish trend and we are currently in a correction resulting in a an impulse moves to upside
Highlighting an upward trajectory, consider exploring the USD/CAD currency pair for potential opportunities as it trends higher.
Hello, first time posting here but I'm excited about this one. I've been trading for 8 years not profitable at all yet but still grinding. Told myself I would stop trading if this doesn't work out and take it as a sign. But has moved in my direction so far. Looking for take profit at Fibonacci extension 161.8 of box indicated in magenta color. Place. Stop above...
HELLO MY PEOPLE! Hope everybody is doing absolutely fantastic! Just wanted to get on here and make a post on what I see for the potential future here on USDCAD. I know you guys are probably thinking...didn't you just make a post about shorting this pair like a few weeks ago? YES...yes I did...but things DO CHANGE in the markets and for me personally things have...
🏃♂️ USDCAD is moving in a Descending Channel and is currently near the Uptrend line and🟢 Support zone(1.3704 CAD_1.3618 CAD) 🟢. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect USDCAD to rise to at least 1.384 CAD after breaking the upper line of the descending...
Bullish market structure. Break of bearish trend (recent). This pair is mainly bullish. It is meant to go up. Possible alternatives: it hits Sl
Finally entering longs after monitoring the pair throughout the week. All the levels are displayed on the chart. Profitable trades, everyone!
Pair: FX:USDCAD Timeframe: D1 - Long Term (LT) Direction: Short Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames - Price action is at the top-end resistance of a parallel channel - Horizontal trendline looks like a supply zone across few periods - Aiming for the 32.8% Fibo Retracement with 23.6% as...