LONG USD/CAD 4H - BEGINNER - LOOKING FOR ADVICEHi Guys,
this is my second idea that I publish.
Brief story of me: Studying trading since 3 months ago, no experience, no help, no courses, just me, youtube tutorials and books. I'm looking for recommendations to improve my trading, my analysis and my overall trading experience. Thank you so much to anyone that likes or comments my idea. Feel free to give your opinion and your advice, everything is more than welcome.
As we can see in this set-up, I highlighted all the reasons why I think there is gonna be an upward trend in the next days.
Thank you all, feel free to ask questions and share your ideas.
USD-CAD-LONG
USD CAD long opportunitymarket has reached a strong support level and bounced from 50 EMA
we have engufliing bullish candle on 4H as well
we can enter the trade now with stops below the swing low
use 2% of your capital or use your money management
Trade green
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USDCAD - SETUP - WEEKLY CONTINUATION - 25 MAYWELCOME TO DACAPITAL TRADING!!
USDCAD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Explosive H4 Breakout of previous week range closing h4 candle obove 1.2925
DAILY
Overall last few days very bullish forming new short-term highs
WEEKLY
Second very strong bullish weekly candle indicating strong buyers pressure probably forming new weekly highs
LEVELS
LONG @ 1.29716
SL @ 1.28861
TP1 @ 1.30600
TP2 @ 1.31028
TP3 @ 1.31455
Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.!
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DACAPITAL TRADING
Usd Cad Long letz see what will happen here..
pretty nice down move with a pullback almost to the 38% fib...
we have rsi divergence ..price is touching support from h4/daily ..
we not hit 127% expansion yet but we also do not hit 38% on the point so just give me a good break of that S/R zone to enter a long position
stay patient and WINNING
#USDCAD D1 #LONG #BUYRisk Disclaimer: This post is not a trade signal.
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USDCAD Long With OPEC still not being able to control global oil glut, and the Fed rate hike dust has already settled, it's more likely that CAD will continue be bearish while USD starts to recover a bit (relative to CAD at least). Setting up a buy stop order at prior periods S4 pivot line, with SL between current periods S3 & S4 pivot lines, with first TP near S2, and if tomorrow's news about USD building permits and CAD foreign security purchases go in our favor, or better, boost the bullish USDCAD idea, will add another position with TP near 3.
www.reuters.com
www.livemint.com
Daily:
Weekly:
Confidence: B (We'll see how tomorrow and next week's economic events drive this pair especially USD which is highly unpredictable lately thanks to Trump)
USDCAD Q2 Upside TargetHello traders.
USDCAD is set to reach the 1.40 area by Q2 by various institutional research. As such, dips will be viewed as value buying opportunities until proven otherwise.
I hope this information is useful to both the short-term and long-term trader in determining major market direction.
Enjoy and remember to follow!
USDCAD Upside TargetUSDCAD held today above s1 at 1.36 while OIL remained below $47. Fundamental conditions remain the same prior to the Friday reversal on USDCAD and OIL so technicals should continue in their overall direction. Imminent upside target on USDCAD is 1.3822/40 while longer-term targets go as high as 1.39/1.40.
Enjoy!
USDCAD LongWaiting for a cross in DI's in the ADX indicator in the daily chart which might happen sometime next week. Regardless, with weekly chart showing a recovery, Fed rate hike that might happen sooner, and if price action in 1H chart continues to be bullish between now and tomorrow, setting up a buy stop order just above recent hourly high with TP few pips below R2 pivot line and TP at R4.
www.efxnews.com
D:
W:
Confidence: B (with oil price rising, this pair most likely will be choppy between 1.29-1.33; more caution is needed to avoid getting whipsawed)
usd cad long price is near daily upward trendline...also we see demand zone in the same area ..
rsi divergence is building up. if we see a dip deeper while rsi is going higher you will see a big smile in my face ;-)
i will wait for the downward trendline break to enter a long position....
target is 1.3600 area-....