Hello, dear friends, as you can see, the desired liquidity has been provided for a short-term rise, the loss limit is clear, use the analysis only as a confirmation of your personal analysis.
Hi viewers, USDCAD price approaching zone, yesterday CAD rate cut, today on ECB USD we can see its end more weaker, here continuation bearish and break of zone expecting
TP1: 1.33200 (140)
TP2: 1.32200 (240)
Hey Traders, in today’s trading session we are monitoring USDCAD for a buying opportunity around 1.34100 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which t is approaching the trend at 1.34100 support and resistance area.
Trade safe, Joe.
1 - Bear Trend since Oct 2023 ✅
2- Fibo retracement to 61,8 ✅
3- Last 4 days price has closed under 200 EMA in the Daily ✅
4- ABC pattern completed , waiting for last stretch C-D
As we can see that price broke the trendline and eventually came back and retested or created a new high..We were able to scale in by adding more positions on the USDCAD
price is finally trading back below our structure i had previously mentioned broke and retestred on the lower TF...
Now we can expect price to push lower for 40-60 pips
Preferred direction: SELL
Comment: The outlook for the US dollar against the Canadian dollar in the longer term is quite positive, but before this rise, which is likely to allow new highs in the 1.36000 area, the currency pair will test the area around the 1.34000 level. At the indicated support area, we expect the seller to stop and the beginning of...
I will have my eyes on possible short USDCAD. DXY is still unclear for me, i was hoping it will go a little bit higher this week but unfortunately we did not see that. That is why i am very careful about taking this short position. I was hoping Asia session will have more development but seems like it was good old range. Let's see further development on last 2...
USD/CAD could fall towards a pullback support level at 1.3438 which has been identified as a pivot point. Could price bounce off this level once more and potentially climb higher towards the 1st resistance?
Pivot: 1.3438
Support: 1.3371
Resistance: 1.3596
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only...
It is expected that the price will cross the green resistance range and after some fluctuation, the upward trend will continue.
If the price crosses the current support range, it will be possible to continue the downward trend to the support range and the previous floor range
UC has reached has hit both highlighted zones, it has rejected the 1.35291 and is currently at 1.34954. I am seeing bearish candle stick patterns and is anticipating price to fall over 70+ PIPS. My SL and TP will be adjusted to suite price it would not be adjusted on this print chart.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only...
we can see that price did a false breakout and left a wick on the H4 non the less trading back under resistance...
if price can manage to trade lower 1.35085 and does not break that minor area of structure we could possibly see price break under structure around 1.34955 which is looking left the minor support structure i would like to see a retest as new found...
The Australian Dollar trades around 0.6610 on Tuesday. The immediate support appears at the psychological level of 0.6600. A break below the psychological support could push the AUD/USD pair to navigate the region around the 38.2% Fibonacci retracement level of 0.6581, aligned with the nine-day Exponential Moving Average (EMA) at 0.6580. On the upside, the AUD/USD...
