USDCAD at 4h time frame FVG taken just we need Waite for bullish price will rise to 1.35400
It's so obvious from what we have on the higher TF (H4 specifically) that we haven't had a change in the market structure being built up until now. We've been moving in a continuous downtrend characterized by the numerous lower lows and lower highs built... It is therefore only wise to look out for sell opportunities in the USDCAD market for the next 2 to 3 days...
SLO2 @ 1.3805 ⏳ SLO1 @ 1.3695 ⏳ SSO @ 1.3625 ⏳ TP1 @ 1.3485 TP2 @ 1.3305 TP3 @ 1.3175 TP4 @ 1.2975 BLO @ 1.2810 ⏳ — PA on this pair has been insane — ALL three of our TPs were triggered, but ironically it retraced so hard that it returned back to the Supply Zone. — Well, it's time to get paid for the second time. — Here's a new setup
RESISTANCE @ 1.3573 SLO @ 1.3570 ⏳ TP1 @ 1.3485 TP2 @ 1.3305 TP3 @ 1.3175 TP4 @ 1.2975 SUPPORT @ 1.2925 BLO @ 1.2810 ⏳ — PA on this pair has been insane — ALL three of our TPs were triggered, but ironically it retraced so hard that it returned higher than TP1 — Well, it's time to get paid for the second time. — Here's a new SLO
I'm preparing for the possibility of another uptrend breakout. PA on the USDCAD appears to want to push higher. TP @ 1.3725 BSO @ 1.3575 ⏳ BSO @ 1.3555 ⏳
-SL @ 1.3233 (2H) 🚫 SLO2 @ 1.3195 (2H) ⏳ — conservative SLO1 @ 1.3160 (2H) ⏳ — moderate TP @ 1.3125
RESISTANCE @ 1.3354 SLO @ 1.3340 ⏳ TP1 @ 1.3333 (closing ALL Buy Orders) BSO @ 1.3265 ⏳ (pending) SSO @ 1.3245 📉 (triggered) SUPPORT @ 1.31175
It appears that USDCAD could be reacting to a minor support level and pulling back to the upside before continuing the BIG PICTURE downtrend. Here's my latest setup for the Buy and the Long. RESISTANCE @ 1.3269 SLO @ 1.3245 TP3 @ 1.3235 (closing ALL Buy Orders) TP2 @ 1.3210 (shaving 25%) TP1 @ 1.3190 (shaving 25%) BSO @ 1.3166 (if Price Action pulls back to the...
RESISTANCE @ 1.3269 SLO @ 1.3245 ⏳ TP3 @ 1.3235 (closing ALL Buy Orders) TP2 @ 1.3210 (shaving 25%) TP1 @ 1.3190 (shaving 25%) 💰 +24 pips +SL @ 1.3169 🚫 BSO @ 1.3166 📈 +28 pips 🤑 BLO1 @ 1.3150 ⏳ BLO2 @ 1.3140 ⏳ SUPPORT @ 1.31246 💰 TP1 is in the bag for a profit of +24 pips 💪🏾 TP2, here we come!!!! 🤑 BSO Net Equity is @ +28 pips 🚫 Stop Loss has been modified...
RESISTANCE (major) @ 1.3550 RESISTANCE (minor) @ 1.3466 TP2 @ 1.3550 (closing ALL Buy Orders) TP1 @ 1.3466 (shaving 50%) BSO @ 1.3300 ⏳ The USD against the CAD has been trading in a downtrend for the past few months, and it is currently approaching the major resistance level of 1.3550. If the price respects this level, it could signal a reversal in the trend and...
SLO2 @ 1.3450 ⏳ SLO1 @ 1.3435 ⏳ TP4 @ 1.3430 (closing ALL Buy Orders) TP3 @ 1.3400 (shaving 25%) TP2 @ 1.3385 (shaving 25%) TP1 @ 1.3366 (shaving 25%) BSO @ 1.3360 ⏳ BLO2 @ 1.3445 ⏳ BLO1 @ 1.3327 📈 +23 pips
SLO @ 1.3770 ⏳ TP4 @ 1.3740 (closing ALL Buy Orders) TP3 @ 1.3633 (shaving 25%) TP2 @ 1.3566 (shaving 25%) TP1 @ 1.3466 (shaving 25%) BSO @ 1.3366 📈 BLO @ 1.3305 ⏳ ADDITIONAL INFO: With CAD and USD News on the horizon, I'm anticipating another bounce to the upside before PA continues the DT.
I just placed the following trade. This is a counter-trend trade. Enter at your own risk. Manage your trade and use conservative position sizes. USDCAD...UT SLO2 @ 1.3452 ⏳ SLO1 @ 1.3438 ⏳ TP @ 1.3433 (1H) MO-LONG @ 1.3377 📈
-SL @ 1.36681 🚫 SLO2 @ 1.3620 ⏳ SLO1 @ 1.3525 ⏳ (half position) TP1 @ 1.3350 TP2 @ 1.3215 TP3 @ 1.2980 TP4 @ 1.2833 BLO @ 1.2795 ⏳ -SL @ 1.27278 🚫 00:00 PRE CAD NEWS 00:58 Boost, Follow, Comment, Join 01:40 Technical Analysis 02:54 Fundamental Analysis 05:42 Curve Analysis 07:42 News Anticipatory Trend 08:08 Risk-to-Reward 09:44 LIVE STREAM @ 05:15 PT / 08:15 ET 🔥
-SL @ 1.36681 SLO2 @ 1.3620 (conservative) SLO1 @ 1.3525 (aggressive) TP1 @ 1.3350 TP2 @ 1.3215 TP3 @ 1.2980 TP4 @ 1.2833 BLO @ 1.2795 -SL @ 1.27278 TECHNICAL ANALYSIS: Although, the pair is currently trading above the 200-day moving average, which is a bullish signal, Price Action for USDCAD is sideways. This range is a strong indication that it is...
On eurcad we are seeing a price drop towards the 1.46500 area where we have a demand zone. the zone seems to be interesting and according to the forex48 strategy, the objective is to wait until the price breaks the high at 1.4695 before setting up a long setup. Let me know what you think. Happy trading everyone. Forex48 Trading Academy
In this chart, I have identified two areas, a supply and a demand zone, which I have previously used to close a long trade. Within the supply zone, there is another area of interest that, depending on the strategy applied, will be used as a starting point for a long trade. Let me know your thoughts in the comments. Happy trading, bye.
Now we are in a downward dynamic channel where the price has shown weakness near the middle line of the channel. I predict that probably this weakness has the ability to reduce the price until near the bottom of the channel. Oscillators also confirm this weakness, and this means reducing the market's tendency to increase the price.