USDCAD!!! -- 2 BIRDS W/ONE STONE 🐦🐦USDCAD sell trade is to fill the wick of yesterday's daily candle, which closed bearish. Also noted was a false break below 1.36112, which is where our 2nd trade (add-on) would be initiated. With a 1.3545 target, that would bring our total trade to +5.5%. Good luck!
~ Happy Trading, Cheers! 💰
Dollarcad
USDCAD - Selling ralliesUSDCAD - Intraday - We look to Sell at 1.3600 (stop at 1.3700)
Previous support located at 1.3500. Previous resistance located at 1.3600. Broken out of the triangle formation to the downside. Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be 1.3400 and 1.3350
Resistance: 1.3600 / 1.3650 / 1.3700
Support: 1.3500 / 1.3400 / 1.3350
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Joe Gun2Head Trade - More downside for USDCADTrade Idea: Selling USDCAD
Reasoning: Selling USDCAD. Head and shoulders on daily, turning lower on the 60min chart.
Entry Level: 1.3431
Take Profit Level: 1.3318
Stop Loss: 1.3478
Risk/Reward: 2.38:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Joe Gun2Head Trade - Head and shoulders top on USDCADTrade Idea: Selling USDCAD
Reasoning: Head and shoulders top on USDCAD
Entry Level: 1.3511
Take Profit Level: 1.3344
Stop Loss: 1.3558
Risk/Reward: 3.51:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
USDCAD to continue in the bullish channel?USDCAD - Intraday - We look to Buy at 1.3100 (stop at 1.3040)
Previous support located at 1.3150. Previous resistance located at 1.3200. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 1.3200 will confirm the bullish momentum.
Our profit targets will be 1.3220 and 1.3250
Resistance: 1.3200 / 1.3220 / 1.3250
Support: 1.3150 / 1.3100 / 1.3050
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Deeper correction pending on USDCAD?USDCAD - Intraday - We look to Sell at 1.3000 (stop at 1.3050)
Previous support located at 1.2950. Previous resistance located at 1.3000. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.3000, resulting in improved risk/reward. A move through 1.2950 will confirm the bearish momentum.
Our profit targets will be 1.2850 and 1.2800
Resistance: 1.3000 / 1.3050 / 1.3075
Support: 1.2950 / 1.2850 / 1.2800
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Buying dips on USDCADUSDCAD - Intraday - We look to Buy at 1.2875 (stop at 1.2815)
Previous support located at 1.2875. Previous resistance located at 1.2950. A lower correction is expected. A move through 1.2950 will confirm the bullish momentum.
Our profit targets will be 1.3025 and 1.3050
Resistance: 1.2950 / 1.3000 / 1.3050
Support: 1.2900 / 1.2875 / 1.2825
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
USDCAD approaching short term supportUSDCAD - Intraday - We look to Buy at 1.2825 (stop at 1.2765)
Previous support located at 1.2850. Previous resistance located at 1.2900. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 1.2900 will confirm the bullish momentum.
Our profit targets will be 1.2975 and 1.3000
Resistance: 1.2900 / 1.2975 / 1.3000
Support: 1.2850 / 1.2825 / 1.2800
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
USDCAD approaching short term supportUSDCAD - Intraday - We look to Buy at 1.2950 (stop at 1.2890)
Previous support located at 1.2950. Previous resistance located at 1.3000. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 1.3000 will confirm the bullish momentum.
Our profit targets will be 1.3100 and 1.3125
Resistance: 1.3000 / 1.3100 / 1.3125
Support: 1.2950 / 1.2900 / 1.2850
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
CADDY LONG LEGSOn the daily tf, just about an hour before the US Session. We have caddy showing us a potential Long leg to the upside that we can expect to reach over the next few weeks.
Reason behind this is that market structure wise the pair is up trending, over the last week we made a strong bearish leg however it was not strong enough to break structure on the previous lows at 1.2300. From this if we manage to sustain 1.25 thus forming a higher swing low we can expect cad to launch all the way to 1.3100.
USD/CAD LONGS On the Daily TF we've been having a series of higher highs and higher lows, It looks to be that cad can have a further push to the upside all the way to me desired target of 1.27750. Should we remain above where price currently stands at 1.26600 in the daily perspective we can see cad rise above to my target soon.
USDCAD Long IdeaAfter being stopped out yesterday due to the inflation news, my trade went straight to tp but anyways... The idea here is very simple, BOS, retest and confirmation. You could see this retest as a retracement towards the .786 if you draw the fibonacci, but as a matter of fact price is now over extended and gotta come down. I believe we have order blocks specifically in the retest area, but this doesn't prevent you from being stopped out