Preferred direction: SELL Comment: A busy middle of the week, during which we expect large statistics on production and the US labor market, and at the very end we expect the announcement of the Fed interest rate. In addition, we will find out the Fed's prospects for the near future. Against this background, US dollar shorts still look better, at least in...
A great risk to reward At this point, we enter the purchase with a certain loss limit
Hello,Friends! It makes sense for us to go short on USD/CAD right now from the resistance line above with the target of 1.362 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅
The USDCAD sell ideas revolves around 4h and 15m timeframe. If the USDCAD reverse to be bullish, then there's a fibb retracement zone in 1.136919 in 4h. There's also a previous resistance that supposed to be a support but has been broken. In the 15m, the price make a new resistance right below the 4h previous resistance. The conclusion is, i tend to be...
USDCAD leaves multiple bullish clues after a test of a key daily support. One of those is a bullish breakout of a resistance line of a falling parallel channel on an hourly time frame. The pair may bounce today. Goal - 1.3685 ❤️Please, support my work with like, thank you!❤️
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...
USDCAD showing buying opportunity as trend line breakout done,we may wait for retest.
Outlook 1: Expecting price falls to the 0.6 fib level around the psychological level of 1.36000. We can also see that that this area has been heavily tested this year. That being said, Lower timeframe confirmation will be necessary as price could easily continue bearishly. Outlook 2: For price to challenge the 0.7 fib level around the psychological level of...
a zone tested several times means liquidity, so we must always go for liquidity zones! It looks like the dollar will continue to strengthen.... Watch for a good entry pattern! Keep it Simple! If you liked it, don't forget to follow me! :)
As shown in pics above and based on weekly daily 4hrs swings+ Up trend.. Best of luck
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Given that the price has crossed the 78.6% level, the recent bearish wave is expected to be part of a correction. It is expected that a trend change will be formed in the current support range and we will see the beginning of the upward trend. By crossing the support range, the above scenarios will become invalid
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...
Expect USDCAD to buy long term to resistance 1.38465 daily time fame
Long idea: Retest Rising wedge Structure Long After pullback , fibs 71% 4H PA, Bullish engulfing Idea TP price: 1.37200
After NFP gragra, the actual trend resumes, wave 'B' is completed and wave '1' of the wave 'C' is already in motion. Buy USDCAD, goodluck
USDCAD has turned bullish by breaking its previous lower highs and making new higher highs and higher lows. Possible bullish entry can be made on retracement of current bullish impulse move on the buy side. Let the trade work.
Looking to short the pair to my POI marked than will enter buys for a larger move to take last weeks sell positions out