Uscad
USD/CAD: Looking Strong Bullish !!BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
USDCAD approaching support, potential bounce! USDCAD is approaching our first support at 1.3057 (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement, ascending channel’s support) where we might see a corresponding bounce in price to our major resistance at 1.3228 (horizontal overlap resistance, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is also seeing a bullish divergence and is approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCAD has rejected it's resistanceRespected followers, as we can notice that USDCAD has rejected it's resistance line and ready to go down. We can sell it at current market price. Follow my chart. Trade at your own risk.
USDCAD approaching resistance, potential drop! USDCAD is approaching our first resistance at 1.3675 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 1.3301 (horizontal pullback support, 23.6% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCAD - Intraday + Swing TradeHeading towards the top of the ascending channel on USDCAD, multiple confluences including prev resistance & possible double top forming on Daily TF therefore I believe we could have a great sell opportunity around the 1.37500 level. We are in a strong uptrend however we are over extended and have a lot of 'empty space' to fill below. Looking at the smaller time frames we can see a triangle pattern forming which has set up for another sell opportunity providing we break towards the downside. Great RR on both setups.
USDCAD for the upcoming weekif price goes below previuos HH(where bearish momstarted, look for short term LL and break of res) Current pos: formed a HL - break of decending trend look for structure change, enter on HL - ride t othe Highs of HH and maybe to break because on Weekly, its above structual retest area so could go long like a lot.
USDCAD H1 Short USDCAD H1 Short
TP1: 1.33389
TP2: 1.32976
This is not investment advice
Obviously I do not use sl , adjust according to your own account
Wait and let it develop before you enter the trade.First consolidation at current levels then retest of the neckline theirafter you open a short if it fails to break the same.
USDCAD approaching resistance, potential drop! Price is approaching our first resistance at 1.3383 (horizontal pullback resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 1.2721 (horizontal swing low support, 100% Fibonacci extension, 50%, 76.4% Fibonacci retracement). A breakout below our intermediate support at 1.3063 (horizontal pullback support, 38.2% Fibonacci retracement) might provide the bearish acceleration to our major support target.
Stochastic (89,5,3) is also approaching its resistance and a reaction off this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trend Line Breakout and Restest on US/CADIm looking at a trend line that was form on 2/2/18 and the us/cad had been respecting it until 03/21/18 when a drop in price pull move the price enough to make a breakout, we should try to wait for a pullback and restest of this trend, to enter at 1.29600 and looking for the price to drop to 1.26110 for some 350 pips.
short at 0.8980 for target intraday 0.8920 (60pips)From my view NZd outperform and cad underperfom so i made this intraday trade
short at 0.8980
target 0.8920
gains 60 pips
in 2 x 1 lot when first lot reach 25 pips i cut it and make the second lot with a SL at + 15 pips
USDCAD: Price Action Range bounce SHORT ideaTechnical:
Prince in range-bounce and quickly reject the weekly support level around 1.2895
Stop should be above the daily pin bar and target your profit close to weekly support at around 1.2670
USDCAD - LONGPrice broke trend line, look like it is starting a new up wave. Looking for long position..
Possible Inverse Head and Shoulders 15min chart15 Min Chart.
Possible Bullish Inverse Head and Shoulders forming
[USDCAD] LONG TERM SUPPORT AREAThis is our mid-term analysis and during the next sessions, we will publish intraday chart updates ... If you are interested, follow us!
Thank you for your ILIKE, your support and trade with care!
USDCAD I have changed my analysis over the weekendI have changed my analysis over the weekend. Main reason being, since looking at the monthly chart and how the Daily ended up closing with a much smaller lower wick. I believe this will drop more.
USDCAD weakeningUSDCAD has moved from overbought and with the RSI now 66.6 and falling I expect more downside to come. Stellar CAD jobs numbers on Friday should help push this pair south until Wednesday when we get the expected FED rate hike and the key FOMC Statement and Economic Projections.
For now this pair is soft.
Trade idea.
SELL down to key support at 1.3389
LONG trades unattractive currently.
USDCAD LongSetup Timeframe: Daily
Entry Timeframe: 4H (Order Set)
Risk: 2.74%
Reward: 6.79%
Reasons for Entry: Entry near 61.8% fib level, and at previous resistance level that should now act as support.
Reasons for SL placement: Below the 78.6% level.
Reasons for TP placement: Near the -0.27 fib extension level, below current R1 level.
Note: Idea from Corey
