USDCAD 1h 5m Update keep watch and get entry SMC and Volume
In Friday's London session, the USD/CAD pair is making strides towards the 1.3750 mark, but faces a formidable barrier at a strong area of resistance. This resistance zone coincides with the 78.6% - 88.6% Fibonacci area, further compounded by the RSI indicating overbought conditions in the D1 timeframe. Such confluence signals a potential reversal point,...
On the monthly and weekly charts, we have bearish price action.. After a strong bearish run in 2021, the price sought to correct previous imbalance that is about to come to an end. Presently (22.04.2024), we expect price to make one final push higher, thereafter we will be looking for reversal signs.
Precision Trading Unveiled: A Symphony of Smart Money, Fibonacci, Timeframes, FVGPS, and Displacement In sculpting my trading strategy, simplicity takes center stage as I navigate markets with naked charts, harnessing the power of Fibonacci levels across specific timeframes—most notably, the critical 1-hour, 4-hour, daily, and weekly charts. Diverging A...
🏃♂️ USDCAD is moving in a Descending Channel and is currently near the Uptrend line and🟢 Support zone(1.3704 CAD_1.3618 CAD) 🟢. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect USDCAD to rise to at least 1.384 CAD after breaking the upper line of the descending...
A significant head and shoulders pattern has emerged on the intraday chart of USDDCAD. The pattern's neckline was breached during the Asian session, with a candle closing below it. I anticipate a downward trend from here on, with the next support level likely at 1.3670.
USD/CAD has a decent uptrend on the 1HR timeframe with 2 good touches. We can wait to see what the price does when it reached the trendline and see if it respects the area of support/resistance marked around the 1.37000 area. If it does respect the trendline and bounces off, we can look into potential buys. Potential target could be previous high around 1.38321.
Considering that the time of the recent upward wave is short, it is expected that the correction will be formed up to the specified support levels and then the continuation of the upward trend will be likely
The current USD/CAD exchange rate has entered a selling zone at 1.37304. This suggests a favorable opportunity to sell the USD against the CAD. Traders may consider setting their take profit levels at 1.37041, 1.36738, and 1.36509, indicating the points at which they aim to exit the trade with profits. Additionally, it's prudent to establish a stop loss at 1.37730...
USDCAD Analysis On the Weekly Timeframe, price has created a weekly BULLISH Fair Value Gap which haven't been tapped into just yet. So what i am expecting for price to into the FVG before showing signs of strength for this pair. On the 4 hour timeframe, we do have a bullish Unmitigated Orderblock that lines up nicely with the weekly Fair Value gap, making...
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...
PRICE has created a butterfly pattern, and is currently at a 50% fibonacci ration, which is a discounted price. It's a bullish trend
Finally entering longs after monitoring the pair throughout the week. All the levels are displayed on the chart. Profitable trades, everyone!
We are looking to continue with the bull run as we are still inside a bullish trend and we are currently in a correction resulting in a an impulse moves to upside
Trad idea for the community. Usdcad Eurusd gbpjpu
we are looking to short USDcad as we saw USDcad broke through a previous bullish trend it broke under the previous HL , now creating LH and LL, so we are looking to short it this week. feel free to leave a comment of your thoughts on this pair.?
test over 2023 - entry model test using fibonacci with a pattern based on d1 time period ranges
Please pay special attention to the very accurate trend, channels, and colored levels. Its a very sensitive setup, please be careful. BEST, MT