Following a careful examination of trend exhaustion and RSI levels, Uncle Jake provided thoughtful counsel and suggested considering various factors before making a Buy decision.
Following a careful examination of trend exhaustion and RSI levels, Uncle Jake provided thoughtful counsel and suggested considering various factors before making a Sell decision.
USD/CAD is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 1.34378 Why we like it: There is a pullback support level Stop Loss: 134127 Why we like it: There is a pullback support level Take Profit: 1.35089 Why we like it: There is a pullback resistance that aligns with the 50.0%...
welcome here is my usdcad short idea its based on bearish overall trend , selling pressure , trend following lets see how this setup plays out
FX:USDCAD demonstrates an attempt to change the trend on the background of weak USD fundamentals. The Canadian is strengthening on this background and this phase may continue further. Globally, the currency pair is in the range of 1.32 - 1.38. Trading is taking place between intermediate strong levels. Buyers are still unable to overcome 1.35, as the dollar...
USD/CAD is falling towards a pullback support level at 1.3436 which has been identified as a pivot point. Could price bounce off this level once again and potentially climb higher towards the 1st resistance? Pivot: 1.3436 Support: 1.3372 Resistance: 1.3606 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only...
if fundamentals especially the cpi impact the dollar in negative news,higher the chances for the market to go down
✅USD_CAD broke out Of the bearish wedge pattern Then made a bullish rebound And retest so now I think That that the pair will Go further down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
very simple approach to this trade.... price had broke an area of structure looking left and retested last week... earlier today price had a false breakout in which it went up over structure but failed to break and close bullish and went back down under structure again... we can possibly see price retest minor structure as resistance to head to the downside or...
USDCAD idea short position analysis 1hr Pair : USDCAD Position : SHORT (SELL ) Entry1 : 1.34850 STOP LOSS @ 1.35100 TP 1 @ 1.34600 TP 2@ 1.34350 TP 3 @ open ( Trailing SL ) disclaimer
Hello everyone, New week ahead. Looking forward to it! Last week we had red folder news. BTC is pumping, gold is following. I did my TA last night for my point of interset. If you look back at the charts, you can see why I am not putting limits. If I see a big candle pushing in my zone of interest, I am more than happy to watch how it goes and step in after liq...
Hey Guys based on the current reversal and my technical analysis I am giving this buy set up a chance 1% risk
Sell signal for (USD/CAD) entry point(1.35175) TP(1.32023) SL(1.3550)
We just broke out of a corrective structure, then I'm anticipating to catch the next wave to the upside
There was an uptrend that was occurring but the sellers gained momentum and eventually broke the support of the uptrend. The buyers the forced a retest. Now we wait to see if the retest will be respected.