I expect a small correction. It is possible to move to support
i risked 5% of my account at this position whats your idea? .......................
Hey traders, Since 2020 USDCAD was trading in a sharp bearish trend. The pair lost more than 18% of its value reaching 1.2 structure low. Then the market started to recover: We saw a nice swing up reaching a key weekly resistance and a consequent retracement with a lower high. In December, the underlined blue structure was reached again. It looks like the...
The market is going towards a downtrend looks like sell entry from that current position but a little breakout might turn it to an uptrend. If the trend line and resistant line is broken then look for a better buy entry.
Description On the H4, with price moving below the ichimoku indicator and respecting the current descending trendline, we have a bearish bias that price is doing a trendline breakout pullback and will drop from our pivot at 1.27688 which is in line with horizontal overlap resistance, 38.2% Fibonacci retracement level to 1st support at 1.26187, which is in line...
The price has come close to the resistance line, from where a small correction is needed without breaking the uptrend, that is, a return to the trend line. The price has already started its correction from these levels and will continue in the near future. ------------------ Share your opinion in the comments and support the idea with Like. Thanks for your support!
we can risk 5% of our account in this position.goodluck
Hello Traders, 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 all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Hello Traders, 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 all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
4 hour and 1 day frames overbought for some mean reversion. Watch for a break of higher level for a good price.
USDCAD Short idea, Risk/Reward 1:6 SL 1.26042 TP 1.25410
A pattern of 3 drives is forming and above the Daily Trend line and there is good resistance for the price to fall to the specified area.
Hello traders! USDCAD came nicely down on the 4-hour chart with extended and strong drop from 1.2774, which has characteristics of wave 3 rather than C as the pair also moves very close to the typical 161.8% extension level. As such, we are aware of more weakness after the current consolidation that looks like wave 4, which can be a triangle or maybe more complex...
Hello traders, USD/CAD, an interesting pair to put on the watchlist for the monday-morning with some coffee. While coffee might be the best part in the morning, the USD CAD pair is also looking juicy. We had an impulsive move down, followed by slow corrective movement and currently testing some levels like expected. Doesnt mean we can allready enter because as...
Dear traders, Follow me to get updates because daytrading moves faster than normal. We have been watching usdcad very closely, and expect the next move up before the weekend starts. After an impulsive move up, we came down slowly but surely completing 3-waves retracement. Why not enter now? We still have a double resistance, 1 is a counter-trendline, the other...
The dollar has been drowning. Might be time for it to catch it's breath.
(H4) - USD/CAD broken out of support but failed to close bearish. Strong wick rejections showing bullish presence, if we break back above support of 1.23202 then we could see continued bullish pressure back up to 1.23465 (M15) - Will be looking for price to break back above 1.23254 too look for buys up to 1.23465, just a waiting game now.