Please note that:
1. The current idea is based on all kinds of short-term Technical Analysis.
2. To avoid interest conflict with our clients, no combination with long-term Technical Analysis, Elliottwave Analysis, Fundamental Analysis yet.
3. It's an important reference of our Trading Decision Making, but definitely not the all.
4. It will be invalid after...
Pair Name USD/CAD
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Long ) Mid Term
Type : Mid Term Swing
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Bullish...
looking for basic price action to play out
looking for price to go to the 15min sell side fvg and then take out the Low of london. for closer to news im looking for a buy for the day.
Happy VDAY <3
USDCAD Long term bullish continuation.
The Formation of long term yearly double bottom that was broken long ago and now the yearly candles are finishing the heavy load retesting heavy that took years to form.
And on 2024 I'm expecting USDCAD to start the long gone rally that is supposedly to finish the formation of double bottom, break and retest of it and a...
The squeezing of chart pattern (falling wedge) and strengthening index of USD let us think like this.
It will brake the falling trend line and go up to the previous resistance point.
Lets see what happens.
Good Luck for all 🙌🏽❤
#forex #usd #cad #usdcad
After the completion of the triangle pattern, the beginning of the upward trend has been formed. It is expected that the continuation of the upward trend will be formed up to the specified resistance levels.
As long as the price is above the bottom range of wave e, the upward trend will continue
USD/CAD could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target.
Entry: 1.35419
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 1.34868
Why we like it:
There is a pullback support that lies underneath the 50.0% Fibonacci retracement...
USDCAD big push today looking to see if the previous resistance becomes support. Looking for another re-test of that zone and a conformation before taking any long positions. Let me know what your thoughts are on this set up.
Hello everyone ...
if price break our entry areas then this idea will be invalid..
Use good trade management only thing important in Trading is how you manage your trade...
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From what I can see, price has been bullish ever since it reached the weekly support level. With this, I’m expecting price to continue being bullish until it reaches the resistance area of 1.38700. On the 4H timeframe, price created an ascending triangle which it has recently broken out of, resulting in my buy order.
Hello Everyone,
The current test of the 1-month resistance structure in USDCAD will reveal its strength amidst significant shifts in projection due to US CPI news. With the trend strongly bullish, focus should be on how the price reacts at the end of this resistance structure.
TradeWithTheTrend3344
We had a support area which was broken but it failed to reject in retest and it was broken up, so it is confirmed as a fakeout and now we have a retest in that area where from here I expect a continuation of uptrend.
The USD/CAD exchange rate continues its decline from around the mid-1.3500s, reaching its highest level in almost two months and remaining under selling pressure for the second consecutive day on Wednesday. The reduction in the forecast for domestic oil production growth for 2024 by the US Energy Information Administration (EIA) in the February Short-Term Energy...
If they stay higher for longer, it could chase out some springtime home buyers and put a fresh chill on the market. Moreover, Canada's broader economy isn't weathering high rates as well as the US Prolonging high rates could lead to a rougher recession or . if Canada cuts and the US keeps rates high -- open up wider rate differentials. That's something that could...
