USDCAD is at a pivotal point here at 1.38. It has closed below, but then came back and closed above. These seems to be a HUGE support level and it is looking like the USDCAD will hold this level. May be a good time to buy.
Based on market structure we clearly see price trending downwards, mostly in h1 structure shows clearly but we have to pay attention 1.30600 level since price on h4 timeframe and daily body closed above that area. showing strong support. H1 timeframe ---> we have a complete retest of lower high and give us nice confluence with the volume profile and cot...
Hi Traders Hope you all having great trading week. Here is a buy opportunity on USDCAD. Have fun!
Welcome Back. Please support this idea with LIKE if you find it useful. *** In the event that the support of the retest of the triangle is not broken, of course it will head towards the rise to the aforementioned resistance, which is an important area for a very strong Fibonacci. *** Here is the full analysis for this pair, let me know in the comment section...
Welcome Back. Please support this idea with LIKE if you find it useful. *** After he broke the descending channel and changed the direction, it now reaches the support, after retesting the support, it will rise again. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if...
Activate trade again. Re-enter Entry Price: 1.32138 Take profit: 1.33557 (100) Stop loss: 1.30640 (50)
The target of the previous forecast has been achieved. USDCAD reached two resistance lines and continued to fall. After that, the price reached the support line and started to grow. Perhaps there will be a second return to the support line, and in this case I recommend buying USDCAD. The target is resistance lines. -------------------------- Check today analysis...
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USDCAD exited the falling channel, breaking through the resistance line. I expect growth. It is best to open BUY from the support line or after breaking the nearest resistance line.
Opportunity for longs on USDCAD. Textbook 12345 ABC elliot waves Share your thoughts in the comments below Like and follow for more content Good luck
Hello Fellow Trader! 4 - hour time frame showing lower lows made on the USD/CAD which possible zone to fill at 1.31140. Flag pattern possibly trapping long retail plays with high probabilities for downside pressure. Holding below 50 EMA, 200 EMA on both 4 hour and 15 minute time frames. Key Points: - Price holding below the 200 EMA - Price hugging below the 50...