usdcad is correcting and moving towards liquidity above the previous high. You can enter the buy transaction after reaching the daily order block because the trend is strongly upward.
I thought it would bounce off the support on this head and shoulders but did break now I think it will retest and go bearish
long position idea, OS on the 4hr with rejection of daily support. 1hr MA price cross confirmation. COT and fundamentals align. RR is 1/2
Fundamental Crude oil prices fell sharply after regional tensions eased. With crude oil export output to the US, falling oil prices will cause CAD to weaken Technically, USDCAD has headed towards the 1.3569 support zone, the strengthening of the USD is starting to make an impact, the USDCAD trend may reverse.
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...
USDCAD Price : 1.3750 Trend : UP on daily chart and the prices got support at the daily level 1.37250 Transaction: Buy Reasons : mentioned on charts ( Daily chart left side , H1 chart right side ) Technical analysis failure at level : 1.37000 Technical analysis success at level : : 1.38500
Entry: Price broke through the swing low and the trendline with volume. Entry at the bearish zone. Stop Loss: Slightly above the bearish zone. Give stop loss some room to breathe. Take Profit: At TP, the nearish bullish zone.
In this episode I share my results in the two week competition I'm participating in. I talk about changes to The Leap competition and also discuss the ways I avoid boredom while trading.
Support and Resistance and Trend still holding up from my Jan 2024 prediction.
A Head & Shoulder Pattern at 4h TF of USDCAD. A good Short Entry. This is not a financial advice Please DYOR
USD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will...
USD/CAD has a low rsi right now and we seen some rejection off support I believe this will make a bullish play but what do you guys think?
USDCAD - Trend Reversal - Forecasting Price 1.36080. Indication of trend reversal and start of bearish trend forming Head and Shoulder pattern with bearish divergence.
On the #USDCAD currency pair, it is expected that the price trend will be bearish in the short term, depending on the technical outlook of the market.
d1: into strong supply zone, then it made a bearish engulfing h1: it's retest the ob d1 and ob h1 then 1-2-3 down wave is created with 2 high volume bearish engulfing. Because it's a short and i have buy limit gu then i open a short usdcad by market price
i don't talk more about big picture because this is addition position add more position because h1 create 1 pinbar and one bearish engulfing after retest h1 key level it also touch opening price then fall down. so all more short position
USDCAD showing bullish div on chart,so we can take buy entry as per marked on chart.