Is USDCAD exhausting at resistance zone? As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 1.3430 What you guys think of it?
Hello guys. It's my chart usdcad We are in upward movement and structure still is bullish. I think price will grab liquidity in mext hours 1.3500 zone in my opinion maybe we can enter long with CONFIRMATION (Green zone shown for you ) GUYS DONOT ENTER THE TRADES SOON WITHOUT CONFIRMATION = you LOSE MONEY IN LONGTERM
As you see on the cart clearly up trend in channel. And i think eliot wave is completed so now we are in the area of ABC correction. so i see an opportunity for selling. Min Target: 1.35
All my thoughts are based on ICT strategy 1) Observe for Draw on liquidity (Relative equal highs and lows, Volume Imbalances) 2) Where is price relative to these levels? 3) Possible retracement and hence the planning of SL. One of the things I would love to hone is my grasp of TF. How long will it take for the price to draw to those levels?
Market Analysis: USD/CAD Aims Higher USD/CAD is rising and might aim for a move above the 1.3580 resistance zone. Important Takeaways for USD/CAD Analysis Today USD/CAD is showing positive signs above the 1.3545 support zone. There is a contracting triangle forming with resistance near 1.3580 on the hourly chart at FXOpen. USD/CAD Technical Analysis...
It is expected that the price will be in the current resistance range and before it can cross the resistance range, a trend change will be formed and we will see the beginning of the correction process
bearish butterfly pattern + bearish shark pattern + price at resistance level + RSI divergence PS never risk more than 2% of your capital per trade
It's time with that move up... Starting to doubt the upside for now..
There was an opportunity for another entry printed today in the retracement. Today the trade hit 60 pips in profit. The whole move has a chance of making 150+ pips. I'll keep you updated.
We can see a great FVG ict concept on this chart. Brilliant FVG at 1pm NY time this has some bearish rejections on the chart.
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to make a retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.35000. Like, comment and subscribe to be in touch with...
Dear traders, Around 1.36 is a good level for selling it as you can see there is a clear reversal patterm acompany by a divergence in the RSI. Best
Hello,Traders! USD-CAD has retested The horizontal resistance Of 1.3598 from where We are already seeing A bearish reaction so I think that the pair will Go further down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
USDCAD - Classic bearish formation - Our team expects fall SUGGESTED TRADE: Swing Trade Sell USDCAD Entry Level - 1.3562 Sl - 1.3586 Tp - 1.3515 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. USDCAD BEARS TO TAKE OVER 📚 👉 As we can see price is sitting around a strong resistance zone, where we will be looking for new bearish movements. 👉 Meanwhile, from a shorter-term perspective, price is still clearly bullish,...
Weekly & Monthly timeframe analysis. Daily signal, 1/4H entry. 1:4/5 RR ratio. News on Tuesday 1.30 pm UK time could change this.
Preferred direction: SELL Comment: Our previous long trading idea for this currency pair has been fully worked out. Today, we are already considering more sell trades, both for the short term and for the medium term. As for the short term, it is better to stick to scenario №1 . This is an intraday trade and nothing more. Scenario №2 is a more medium-term...
Entered Trade 28/02/204 Short Position Entry Point: 1.35759 Stop Loss : 1.36109 Target 1: 1.35000