USDCAD Daily for a long time was running inside a channel that broke up and made a 1 to 1 move where it faced overhead Resistance and returned to test the channel. Now we have a second touch of a previous resistance level (look at the horizontal one although the trend line from the channel acts as a second confluence point) and a nice pin bar that comes with...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
The USD/CAD pair faces headwinds due to a strengthening Canadian dollar fueled by rising crude oil prices. This week's release of April employment statistics and Canada's Ivey PMI will provide insights into inflation and economic trends. Additionally, Fedspeak from Thomas Barkin and John Williams will be monitored closely. Recent US data suggesting a cooling labor...
USDCAD chart is printing bearish trend with no divergence and using ABCD harmonics pattern EP: 1.36092 SL: 1.36982 TP1: 1.35200 TP2: 1.34310
DAILY - market structure: bullish - last candle close: bullish and false break - inverse head and shoulders - SD zone WEEKLY - market structure: bullish - bullish M with blue candle - SD zone 4 HOUR - market structure: bullish - Inverse head and shoulders
Disclaimer: Please remember I am not a signal service. All trade ideas and analyses shared are only my views on the markets. When we open a position it means we may lose, so manage your risk, and accept only what you can bear. I am also trying to do that. Always follow your trading plan, trade management, and risk management. There is no place for luck in...
It is expected that the price will fluctuate in the current support range and then the beginning of an upward trend to the resistance range will be formed. If the price does not cross the resistance range, it is expected that a corrective trend will be created with a gentle upward slope
If they hover around here for a while they tend to break down more often than not. Can set Alert below Buffer Zone (Area where Stops are Cleared or Buy Stops Entered = False Brea out) If Continuation Candle after clearing Buffer Zone then Enter Trade SL above Trigger Line (Resistence) Point of Control Crossed RSI Down Currency Strength Cross Brea...
This is my bullish trend idea. However, wait for clear trend continue moment and wait for trend continue after can entry. This is my opinion, not for any signal service. Good luck.
This is the USDCAD 1d timeframe. Step by step process. Using market structure, order flow, Imbalance, supply/demand, and liquidity. Apply market structure. From the left, 4h bos followed by 4h choch. 2 demand zones left, one decisional and one smaller (after the choch). The price left imbalance indicating a strong decisional zone. The daily bos followed by choch...
Usd/Cad - On the daily timeframe we are extremely bullish . We have room to catch atleast +100 pips this week . You can see previous daily candle closed bullish rejecting our fib levels . Also , price is making higher highs and higher lows and this can be the potential higher low to break daily High . Long term Take profit target is the -0.27 & -0.62 👍🏼 Daily :
Sell now and take profits at the orange yellow lines high lighted below 188 238 AND 400 FIB LEVELS However if price 🤔 breaks above resistance the green lines high lighted above wait for pullback to those same green lines and buy this pair back to where it last sold
Hello friends In the USDCAD currency pair, we see the formation of a clear Elliott pattern. We are currently in wave 4 of C or 3. According to the formation of 5 microwaves in wave 4, a zigzag should be forming, which has a structure of 5-3-5. So we are waiting for a small wave 5 in wave 4 and then price growth to the range of 1.3850 and 1.3970. Usually wave 4...
We looking for buying opportunities as we are having a continuation of a bullish flag which is the correction heading to the upside which will result in buys as we are on the support level
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...
We have a great zone om the higher time frame. We have to wait for some clear set ups to form. Next week looks great.
We look for Long during next week. Everything depends on what DXY does, however looking at the current USDCAD trend we are more biased towards Long.
I think we can give a good buy with low volume and this is risky!