DXY losing strength and price approach a major resistance level so I am looking to short this pair
Supply (POI) means point of interest for sellers for USDCAD. We have break of structure,liquidity, change of character
we see a wegde chart pattern the exact one as the one on our left so there is a possibility that we might have a drop and the leg of the break out of the previous wedge pattern is showing daily down trend am looking for the violation of the h1 uptrend that is occuring now...let me know what you guys think
1) price make market shift at tf H4 2) now price at imbalance (FVG) and in premium zone 3) at tf15, wait price to shift from uptrend to downtrend, enter at pullback (try entry at FVG zone) USE PROPER MONEY MANAGEMENT!
Please, check our technical outlook for USDCAD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.352. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.361 level. P.S The term oversold refers...
Changed its Character to bullish it will be a long
Considering the price reaction in the resistance range and the recent downward wave, it is expected that some fluctuation and correction will be formed below the resistance range. Then, if the price stabilizes above the specified support range, the start of the upward trend will be likely
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...
After price has cleared the liquidity below the Feb. 13 and 14 lows, i believe price would rally up to clear the liquidity at Feb 19 and 20 highs... Wait till london open before execution, price might show a sweep off the asian low... WE REACT TO PRICE AND NOT PREDICT
UC has rejected the 50 zone on the fib. With bullish momentum loss we can expect the bears to be in control allowing price to fall around 30-50 PIPS. Beautiful RRR i suggest to perform your own analysis to ensure that this trade aligns with your strategy and confluences.
At the end of January we highlighted the potential for USD/CAD to retrace back to its 50% level and print a swing low. It worked out well - although the 1.36 target did not arrive as soon as hoped. Still, it reached that key level on Wednesday - and it is a level that remains of interest. Not only did prices fail to close above the 1.36 handle and weekly R2...
Strong impulse and correction into a previously respected key level. If price can create a wedge pattern and structured exhaustion, well wait for a momentum shift and breakout before entry.
Traders, Trendline breaking possible move down towards support levels. DXY also hitting resistance.
Hope you are doing great traders! USDCAD seems like to fall down to the FVG area. At least to the fib golden area. Hoping it will directly break down the neckline. if not waiting for the retest of upper resistance zone. Good Luck 🙌🏽😎❤
Hello Everyone, The USDCAD pair has shown notable resilience, maintaining a sideways trend for an extended period. Despite emerging bullish sentiment, bearish perspectives persist. Bullish momentum has strengthened due to the current price positioning above daily, weekly, and monthly pivot points. Presently, the price is undergoing testing at daily resistance...
My analysis on USD CAD, I use limit orders so I don't need to be in front of the chart all day. To consider this a good entry there are certain criteria to follow: 1. Clean BoS with IMB. 2. * Look for areas where liquidity has been purged. 3. * Stochastic: long trades 0-15, in short trades 85-100. ( * ) = Not optional but increases our probability. I use...
Clearly seen is the entry from 1hr using the Daily TIMEFRAME ,if all key levels hold well ,we can see price rally to that point