#USDCAD
UPDATE
Hey Traders, Hope you are enjoying your trading journey and our trading analysis. We are here to update you about our another analysis about USDCAD.
Traders, Anna is monitoring the pair #USDCAD.
USDCAD is in the down trend in the HTF. In the HTF it has done the CHOCH pattern and then continue to move towards down side. Here we can see a there...
USDCAD have been in a downtrend. It is still subject to test lower at 1.28 and probably lower if it breaks SOS n retest based on WYCKOFF DISTRIBUTION theory.
My take is that it will still go lower.
Hello Traders and Happy New Year
For USDCAD I project a little bit up targeting the POI which has an Imbalance on the left and liquidity then continues down to make Wave 3 in Higher Degree.
After that a pullback to Wave 4 in Higher Degree
Based on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Considering the behavior of the price in the current resistance range, it is expected that the upward trend will continue
If the price makes a new bottom, the downward trend is likely to continue
currently, the USD/CAD is in a downtrend on the weekly timeframe. We have support to the left. waiting for a break of structure or a bounce away from the last support level. I will enter the trade once I see a bullish candlestick on the daily timeframe. trading is reactive not predictive.
on usdcad the price reached our internal liquidity which is the 12 months timeframe, which was took out and now the price is heading for external liquidity which are the swing highs and lows
Remember that just because price gets to either a Buy or Sell level doesn't mean you trade blindly. Always look out for other supporting factors to validate your trade. The more factors there are, the higher the probability of success!
Ameen!!
*_#trade with caution_*,📉🧘📈
This signal is very interesting here, there's a huge lag in the Canadian Dollar vs Crude Oil chart since 2018, favors long CAD exposure to play catch up to oil, you could delta hedge it with Crude Oil shorts (I'd try to fit the volatility in each leg, rather than use 1:1 matching Dollar weight).
This likely has been the result of Canada's policy regarding...
Im looking for a higher range of swing trades on this pair, price goes to the smartmoney transfer zone base on weekly, thats why it retrace to 1.34,
if price breaks below the line, still a buy for me. for that higher zone being mark up.
Looking for a good buy for swing.
Lets roll.
If you like swing trades master the art of smart money transfer, you either...
USDCAD is bearish and has been retracing since NOV 2017
.UC has failed to create new highs and supply is showing control ( more visible on the weekly TF)
.My trade idea is based on the most recent demand failure after tapping into a major supply zone
.And my entry is based on the 1hr zone as shown
Greetings Traders,
As we anticipate the upcoming week, our attention is firmly on USDCAD, where we are actively assessing a potential selling opportunity around the 1.32600 zone. Engaged in a downtrend, USDCAD demonstrates a sustained downward trajectory. Concurrently, the currency pair is in a correction phase, steadily converging towards the trend at the...
Hello everyone ...
Use good trade management only thing important in Trading is how you manage your trade...
WHAT YOU THINK ABOUT THIS PAIR LET ME KNOW IN COMMENT..
.. good luck..
Hello traders,
Wave 5 is supposed to end at 1.31773 zone. Then ABC Correction is supposed to materialise
towards the resistance zone at 1.34520.
Thanks.
Hello,Friends!
USD/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 4H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.316...
