Ucad
UCad long setupIt's hard time for me in GU pair, didn't expect for 4 back to back loses :)).
I will skip this pair for few weeks.
UCad still my favorite pair, UJ is shining with 4 wins in 2 weeks (not a single lose, R:R~3 to 4)
I have modified a bit limit order, it's in pullback phase, hopefully the order will active. Still keep the long run and find good entry for short run (R:R~1:5)
USDCAD on the brink of Downside continuation. USDCAD is showing signs of continuation for more downside on the daily and 4H.
Looking to target at least a few hundred pips lower.
We're looking at a few weeks of consolidation, in line with the corrective structure on DXY for more downside.
This Should play out over the next few weeks
USDCAD 7/06/2021 - WEEKLY FORECAST TF 2HHello Traders!
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the eye signs.
Heart in the box - a place to take profits
Eye sign - spot to jump in, or watch
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool.
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GOD BLESS U ALL!
🔰USD/CAD - Simple Analysis to catch Pips by your own this week 🔰 USD/CAD will follow DXY lead - So for this pair is Bullish 🔰
🔻 USDCAD Daily Candle closed Bearish - But the price is trading above our Blue dotted line which was representing a Resistance to this Bearish Trend from last year
🔹 Our Next Bearish Support from here is 1.2600 following our Target as a Major Support for the week
🔹 As long as the price is holding Above 1.2600 will remain in Bullish Market
✅ Bullish Oil + DXY will support this pair to trade Higher
🔔 We will trade USDCAD when the price give us a good Risk to Reward opportunity - at the moment before London Session we will remain Neutral
🔰 USD/CAD — is losing it - watch what will happen Today 🔻 USDCAD Daily Candle will close Bearish as the DXY is dropping - DXY has created a Lower Low ( LL ) and reached our Target successfully
🔹 Our major Support from here is 1.2400 Level then to 1.2300 figure
🔹 as long as the price is holding below 1.2600 will remain Bearish
✅ Oil + DXY will support this pair to drop more to the downside
🔔 We will trade USDCAD when the DXY is going down - This pair is highly affected by Dollar Index
🔰 USD/CAD — We will see more bearishness 🔰 🔻 USDCAD Daily Candle closed same as DXY as a Doji — If you noticed Price traded to the Upside respecting the Order Block ( OB ) that is has given last night then dropped down to create another Lower Low ( LL ) — Another Doji Candle will give us a further space to the downside
🔹 Our major Support from here is 1.2500 Zone then to 1.2400 Level
🔹 We are under Bearish market unless we see a price trading above 1.2700 which is too far from here
✅ Oil + DXY will help the price drop more - as we aim to short this pair in the upcoming sessions ( London + New York )
🔔 We will trade USDCAD when the DXY is trading lower as right now the Dollar Index Trading at our Support Zone
🔰 USD/CAD — Is Bearish for the week but we could have pullback🔻 USDCAD Weekly Candle closed bearish after a Doji Daily Candle - The market will face a bearish movement
🔹 Our major Support from here is 1.2500 Zone
🔹 As long as the price is trading below our red dot line will remain Bearish
✅ The next bearishness likely to come from Oil + DXY which they are dropping from last night ( This is the Liquidity for USDCAD Pair )
🔔 USDCAD is only bullish when the DXY is going up
🔰 USD/CAD — Daily Update 🔰🔻when the DXY has no significant movement, the USDCAD moves slowly as the price printed Doji on the Daily Time Frame
🔹 The next Support is 1.2500 below our Bearish Target
🔹 The next Resistance from here is 1.2800 — Target ( Current Resistance ) will get tested if the DXY is Bullish
🔔 We need Volatility from DXY and Oil to move USDCAD