Considering the bullish trend of USDCAD, it seems prudent to continue seeking buy opportunities, especially since it has already mitigated the Optimal Trade Entry (OTE) level. There's potential for another bullish rally. Conversely, if we anticipate a bearish week for the USD, our strategy would involve looking for short positions until liquidity areas are mitigated.
The price has been bouncing off the rising trendline support which also aligns with the 100-moving average As you can see, the price is also above the Ichimoku cloud indicating a bullish trend I believe a rejection from this level could propel the price to the upside.
This is perfect point to buy on the end of wave 4 to the top of wave 3 What do you think?
Considering the current macroeconomic indicators and market sentiment, I believe there's a strong case for going long on USD/CAD. The US dollar has been showing signs of strength, bolstered by the Federal Reserve's hawkish stance on interest rates in response to inflation concerns. This contrasts with the Canadian dollar, which, despite Canada's robust commodity...
We will be looking for buying opportunities as we are still inside the bullish trend & the market is respecting the support zones resulting in buys
wait for retest the key level then take a trade for Buy otherwise skip this setup
✅USD_CAD is about to Retest the rising support From where I think we Will see a further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
This Week FORECAST Opportunity for USDCAD. This setup trading idea is for intraday. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.
The USD/CAD pair experienced a notable surge of 0.85% following unexpected US inflation data on Tuesday, triggering heightened market activity and speculation. Amidst this volatility, traders are closely analyzing various factors shaping the currency pair's trajectory and identifying potential opportunities for strategic positioning. A significant driver behind...
Liquidity Sweep followed by strong impulsive move to the upside on Tuesday last week. Entered off the 79% (0.786) Fibonacci retracement level using a limit order. Order block in blue is also in alignment with entry level. Levels 1 and 0 represent the stop loss level and take profit level respectively.
USDCAD will be bullisdh if demand carries and all fundamental data says bullish for usd pairs last cpi and ppi datas shows us interest rate cuts will be delayed because of that usd pairs have more time to lose their strenght probably 3th or 4th quarter of the year.
🟠Rules - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
📊 Considering that the price is approaching the bottom range of its ascending pattern and the demand range of 1.345 units, if the range of 1.350 units is broken upwards and the price stabilizes above it, the price may increase to the range of 1.355 🎯and in the case of the strength of the range of 1.360 units🎯🎯. 📊 Otherwise, the price may fall to the range of 1,342 units.
looking to SELL, GOOD RATIO, ill be monitoring the behavior and delivery into my area of interest AGAIN ILL BE MONITORING BEHAVIOR BEFORE MAKING ANY DECISIONS Plus this is an areas of interest once price get there that's when I start looking for Any of my entry models to take place on the lower timeframes while taking into the account the TIME to PRICE...
Overall trend is bullish. 1.3487 - 1.3618 is a strong seller's zone/supply and price tried that level 4x already. This pair could continue going up or just break the overall trend
Price on UCAD is forming a textbook head and shoulders pattern . The zone also a confluence , starts where the fair value gap finishes and ends at the 78.6 retracemenr level . After finishing that price correction into that zone and forming the right shoulder we should see a clean sell off for 300 pips . Giving you a 10 to 1 risk to reward ratio
Hello Everyone, There's still room for upward movement as we approach the 1-month resistance levels, which have remained strong after being tested. However, a downward shift appears imminent. TradeWithTheTrend3344