Price has been moving bearishly. It broke higher time frame demand and has now presented a possible flip entry to short towards the weak low, targeting liquidity at the same time.
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.33600 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.33600 support and resistance area. Trade safe, Joe.
Expecting USD weakness this week, and continued CAD strength due to Oil and good fundamentals. Not much else to say here, great RR on this move if it comes off!
Hey Traders, in today’s trading session we are monitoring USDCAD for a buying opportunity around 1.33700 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.33700 support and resistance area. Trade safe, Joe.
We'll be keeping an eye on the USDCAD between 1.3700 and 1.3650 to see if there's any potential bearish momentum to trade short.1.3600 zone for the first take profit and 1.3500 zone for the second take profit. NOTE: USE ADEQUATE RISK MANAGEMENT. Keep in mind: No admittance, no confirmation. FOLLOW ME TO SUPPORT MY WORK AND LIKE
SLO2 @ 1.3805 ⏳ SLO1 @ 1.3695 ⏳ SSO @ 1.3625 ⏳ TP1 @ 1.3485 TP2 @ 1.3305 TP3 @ 1.3175 TP4 @ 1.2975 BLO @ 1.2810 ⏳ — PA on this pair has been insane — ALL three of our TPs were triggered, but ironically it retraced so hard that it returned back to the Supply Zone. — Well, it's time to get paid for the second time. — Here's a new setup
Hey Traders, in today’s trading session we are monitoring USDCAD for a buying opportunity around 1.34 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.34 support and resistance zone. Trader safe, Joe.
Buy USDCAD Falling wedge Price breaks the pattern now, its good chance to buy now Thank you
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seems like usdcad wanna some correction rising wedge breakout has already confirmed in h8 tf retesting in process incase of successful retest expecting massive bearish wave incase of successful retest expecting 220 to 240 pips bearish wave
Now the price looks to be in a pullback phase because it is showing momentum down in this major uptrend. Price might be attracted to support level, and it will have a good chance of continuing up in that zone. That's what the rules of trading are anyway — trade with the trend. If price goes past support level, it then becomes resistance and will have a higher...
USD/CAD Slips as Canadian Labor Market Surges: Impact on Forex and Global Markets Introduction The USD/CAD currency pair experienced a significant decline, nearing the 1.3600 mark, following the release of robust labor market data by Statistics Canada. This unexpected surge in Canadian employment figures has sent shockwaves through the forex market and has...
Hey Traders, in the coming week we are monitoring USDCAD for a buying opportunity around 1.36000 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.36000 support and resistance zone. Trade safe, Joe.
Forming a rising wedge. On the Daily Resistance level. Div on RSI DXY looks like it might come down
The USDCAD pair has been on a relentless bullish run since the week of July 10 after almost touching the 1W MA200 (orange trend-line) and making a bottom on the +2 year Higher Lows trend-line. This rise will now face the first selling pressure point, the Lower Highs trend-line of the October 10 2022 High. Following a 1W MACD Bullish Cross, if a 1W candle closes...
USDCAD is trading inside a Channel Down pattern that has almost completed 11 months of trend. The technicals on the 1D time-frame are overbought (RSI = 70.266, MACD = 0.007, ADX = 57.395) and that enhances the sell sentiment as the price approaches the top of the Channel Down. The previous LH was priced a little over the 0.786 Fibonacci level. The formation of a...
Good day, traders. We're going to focus on USDCAD.On the daily timescale, there is a bullish trend. I'm going to wait for a pullback from the 1.3700 zone to the 1.3300-1.3400 zone before I start watching for potential upward buys.
USD/CAD has risen just over 4% since its YTD low set in July. And it did so in a relatively straight line. Yet a double top has now formed on the daily chart beneath the April and May highs, with the second ‘top’ coming in the form of a bearish engulfing / outside day. This likely points to at least a minor top over the near-term. Any low-volatility moves towards...