I am seeing a very good trade idea here, simple price action. I see a sell from this major POI, hence I am opening my sells now. Trade idea: Sell anywhere close to 1.35350 My stoploss @ 1.35686 (35 pips) Final take profit is @ 1.33790 My intermediate tp @ 1.34351
Based on analysis, there is a possibility of a bullish pullback on USDCAD with a potential price movement towards the resistance level at 1.4000 in the near future.
Usdcad moved lower than I anticipated but looks like it wants to start making its long term bullish session that I published 3 weeks ago . I will be looking for a slight pullback before I enter. Stay tuned for updates as it develops
Hello traders I think this is a correction move following a breakthrough of weekly support unless it makes a new high. *I have no intention of using my trading approach as a signal. I'm practicing my trading strategies, learning about market dynamics, and figuring out the best way to enter the market in the right direction.
hi all swing trade waiting for price action Let me know what you think In the comments! **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
USDCAD BUY/LONG Entry: 1.35776 Stop Loss: 1.35164 Target: TP: 1.38105 SWING TRADE Risk: 2-5% of Capital
For a more detailed analysis, see my former post linked below which highlights many points of confluence for a bullish trend continuation. Here however I want to focus on our current move as we are approaching a strong upper resistance level . On our weekly chart, we're approaching a large resistance level in the top of a HTF wedge and the bottom of a large...
The charts says it all, potential inverse HS. I'm already long but if I see that the pattern is playing out I will add. It could take a few more weeks or not, with this crazy market anything could happen. This pair is difficult, I has tried to break out before and it failed (yellow markups) so take profits on the way up.
I am anticipating a bullish movement in USDCAD, expecting it to rise to the level of 1.3900. This projection suggests an increase in the value of the US dollar compared to the Canadian dollar in the near future
USD-CAD was trading in A strong uptrend but now The pair has hit a horizontal Resistance level of 1.37718 From where I will be expecting A bearish correction !
USDCAD meeting up 1.47212´ if eventually the previous resistance line which has been tested twice breaks, let’s also mind the indicator being overbought it’s not totally a sign for rejection at the minor supply line
MY OBJECTIVE(S): 1.On the daily standpoint an important high was broken giving signal of further bullishness i'll be waiting for cheap purchase price which will be the ideal breaker block. NOTE there are still more buy orders down the area of interest so i react accordingly. 2. Price might take a while before it comes into my area of interest as there might be...
The accumulation of liquidity in this area is significant and we can expect price correction. In case of price correction, the predicted targets are available.
The market is constantly updated and we have no choice but to follow the reality of the moment. USDCAD: If the dollar does not show its weakness, we can follow the price path like this.
this is my analysis for USDCAD based on the fib the zone is very good to Buy, as always risk managment is the key.
sell stop USDCAD 1.36785 SL: 1.37209 TP: 1.36032 - 1.35543
USD/CAD Gains Traction as US Data Supports, Government Shutdown Averted The USD/CAD pair is starting the week on a positive note, with the spot price trading around 1.3580 during the early Asian session on Monday. This upward movement is primarily attributed to the strength of the US Dollar (USD), supported by moderate economic data released on Friday. The US...
The USD/CAD pair continues to rise after a strong rebound last week near the crucial 200-day Simple Moving Average (SMA) level around 1.3400. Tuesday marks the third consecutive day of growth. During the Asian session, spot prices reach the highest level since late March, and investors await further strengthening beyond the 1.3700 threshold before placing new...