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Usd-cad-trade

USDCAD short running ⤵️🙌Trade details for current trade are shown on the chart. Using POW reversal strategy for this trade. We are working the 30M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Previous trade can be seen on chart. Trade history can be seen at the foot of this trade idea too for full transparency. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
USDCAD AnalysisUSD has tanked almost 9% against the CAD, naturally after experiencing a move like that you would expect some pullback and profit-taking. This has been the case and along the way price has created an ascending triangle formation - this pattern indicates when the structure is broke, by creating a higher high - further upside will follow. We are hoping that there is a pullback into our yellow zone for us to enter into a buy position with low risk and high probability. We are also using our DXY analysis as a confluence to support this trade.
Long
by Ironclad_Investments
USDCAD Update - Macro & Directional Exposure up +1.50%Traders & Investors! Our bullish bet on USDCAD has commenced well with risk off sentiment combined with a dovish BoC driving the market higher. We remain moderately positioned on the buyside and continue to monitor technical indicators for conviction higher into our buyside targets. Ideally we would like to see some solid conviction through the 200 Daily Moving Average and a modest pullback into our sellside liquidity target. We intend to buy dips from here and will provide updates on any material advancements. A weekly break of the larger corrective wedge pattern should see an impulsive push into our initial and secondary targets. Our buyside exposure has been maintained across both our macro and directional portfolios. Our last update ------------------------- We look forward to continuing to provide market leading analysis to traders & investors alike across the TradingView platform. Like, subscribe and leave your comments below! Until next time, Portier Capital Macro Strategy & Portfolio Management
Long
by Portier
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