Time to rollover....USDCAD As we can see the daily chart shows us the sellers are very much in control. we previously have formed a Head & Shoulders Pattern with strong bearish sentiment breaking market structure confirming sellers are still in control. now lets see this rollover to target previous lows!
USD/CAD is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.35398 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 1.36000 which is a level that sits above the swing-high resistance. Take profit is at 1.34643 which is a pullback support. ...
It seems price is close to support and may reverse for a bullish move if trend line holds.
This is my idea for the next UCAD movement, i am expecting a bearish movement.
USD CAD Fomc trade running we have a great zone SL is zero. I saw this on a M30 order block the Canadian Dollar (CAD) has continued to trade at weaker levels after the release on Tuesday Canadian CPI report.
Fomc trade running we have a great zone SL is zero. I saw this on a M30 order block the Canadian Dollar (CAD) has continued to trade at weaker levels after the release on Tuesday of the softer-than-expected Canadian CPI report for January. Economists at MUFG Bank analyze Loonie’s outlook
Hello Traders, here is the full analysis. The completed correction, hint at the continuation of growth. GOOD LUCK! Great BUY opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in...
The Canadian dollar is trading quietly on Wednesday. In the North American session, USD/CAD is trading at 1.3517, down 0.07%. Investors are anxiously awaiting the release of the minutes of the Fed’s January meeting later today, hoping for some insights about the Fed’s future interest rate path. The markets had priced in a March cut after the Fed signaled in...
Traders, This is a good buy zone for this pair as it is hitting support.
I'm risking of my trading capital on this trade. My stop loss is placed above a recent swing high to limit potential losses in case the trade goes against me. I'll consider scaling out of the position or trailing my stop loss as the trade progresses in my favor. Trade Update: I'll provide updates on the trade as it develops, including any adjustments to the stop...
I want to trade on USDCAD for today after fed's speaking with triger on 5min time frame
OANDA:USDCAD BUY position can be taken in the specified area There is no position before the area
USDCAD has cleared our buyside liquidity and we are now looking for the reversal to the previous daily low
Intraday bias in USD/CAD remains neutral for the moment, as range trading continues. More consolidations could be seen, but further rally is expected as long as 1.3357 support holds. On the upside, firm break of 1.3585 will resume the rebound from 1.3176 for 1.3897 resistance.In the bigger picture, price actions from 1.3976 (2022 high) are viewed as a corrective...
welcome here is my usdcad short idea its based on market moved bearish since 13th feb. price trading under weekly pivot and all ema´s awaiting news on cad at 2.30 pm / cad pairs showing weakness already im thankful to see how this setup plays out
USDCAD is currently trading in an ascending channel. The market broke and closed above the consolidation zone and psychological level at 1.35000. Price pulled back to the kill zone: support at 1.35000 and 50% fibo retreatment. We anticipate a retest of the major resistance. ------------------- Share your opinion in the comments and support the idea with...
Inverse head and shoulder pattern is completed, a break above 1.35 will give proper signal for long.