After price pushed up aggressively and breaking structure, it left behind a huge imbalance with a clean POI. It then began to move sideways, engineering liquidity at both the top and the bottom. Now it's looking to use liquidity at the bottom to fuel its move to the upside to take out liquidity at the top too.
Hi everyone! From a technical point of view on main time frame the trend still remains bearish, but at the same time we think that USD/CAD pair could trigger a bullish consolidation on one hour chart, let's look at what will happen in the next few hours and if the conditions are met, we will publish also some updates on intrady chart. Technically speaking, our...
Hey traders, in this week we are monitoring USDCAD for a buying opportunity around 1.37 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
I dont usually trade this pair but I noticed interesting pattern in the last few months. Based on Elliot Waves we have 5 waves following by ABC correction waves. If the market will keep continue the pattern, it will reach 1.35-ish area and then might see bigger correction/trend revelsal. It’s not a trading advice, Im not a financial advisor. I saw this pattern and...
A key level area for USDCAD here, the 1.28 to 1.26 price point has been rejected several times with a false break in a few days back. The down trend has begun to consolidate and we expect the price to bounce in this area and push back to test 1.30. We have entered the trade long.
Long entry ...possible retracement till 50% level which meets the previous resistance clearly. RRR 1:1 for tgt1 and RRR 1:2 for tgt 2
USDCAD has been in a steady uptrend since the 21st of October. The price has risen by 3.22% since the price found support at the 1.23 levels. Since Friday there has been a correction of about 1.3% down to around the 1.26 area. The RSI levels on the 1hr and 4hr time frame remain very oversold which suggests that the price has room to rise from this point. The stop...
Hello Traders, Here we have a USDCAD long trade idea. If you like this idea please show your support! This trade idea is based off the fact of the USD reaching a weekly low and we can see some resistance beginning to occur. Also the Canadian Dollar is reaching its peak combined with oil prices maxing out. This has given us a lovely zone of interest for a entry...
Long and short zones marked with tgts...these are important levels based on prev day movement....High probability they will break the blue line and touch the next resistance/support in that direction
Price continues to rest above the ascending trendline at 1.25567 in line with 61.8% Fibonacci retracement and 161.8% Fibonacci extension. Price is likely to rise to the 1st resistance at 1.27816 which is in line with the horizontal swing high and the 61.8% Fibonacci extension. Our bullish bias is further reinforced by how the stochastic is seen to be approaching...
Price is testing and likely to bounce up from our pivot in line with the ascending trendline, 61.8% Fibonacci retracement as well as 161.8% Fibonacci extension level. Price is expected to rise up to our horizontal swing high which is also in line with 61.8% Fibonacci extension level. Our bullish bias is supported by how the Stochastic is seen to be approaching the...
Price is resting above the ascending trendline which is in line with the 1st support, 61.8% Fibonacci retracement, 161.8% Fibonacci extension as well as the horizontal swing low support. Price is likely to bounce and rise to at least the 1st resistance level which is in line with the 61.8% Fibonacci extension level as well as the swing high resistance....
Long now as trendline broke and confirmed through pin bar with 61.8% retracement.
After a much rather heavy bullish run, I believe the greenback still has this pair under their control as price may be tempted to accumulate here at this current local support, if a triple bottom is formed, it'll respect our optimal risk to reward for entry as close as we can get price to retest the previous 2 hits on support.
The market is slowing pushing it's way up, if you are already in the trade from the previous idea the safest take profit would be the 1st one, but it's looking like it will possibly go up into the range high, either to test or a possible breakout! Right now we will be looking for a retracement around the TP 1/2 and then look to buy again!
usdcad is testing it support right now, it's testing it now for 41 days, this is a nice entry to buy usdcad. sl placed under the resistance @ 1.25700 use proper riskmanagement disclaimer: this is only an idea, i'm not giving any advice
USD/CAD price is currently break through the pervious resistance , and will be looking toward the next resistance level .
Price is rejecting previous strong support, we should see a bounce up from here