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Usdcad1hr

On my mother's grave - USDCAD will never break above $1.36664USDCAD will not break above $1.36664 because of no recent attempt to do so. The last time prices were that high was last june and they did not stick there for very long. I am goimg short on this one as i am following the primary movement of price. I have no confidence in this awaited Bullish breakout because prices have - most of the time trending below $1.13037, been trading between $1.33827 and $4.13037 and that is where prices are going at the moment.
Short
by ChickensEatOmlets
1
USD/CAD SETUP Buy & SellChart is an expectation of market setup via gartley pattern. If market hits target C then; * SELL at 1.32839 * TP1 at 1.33311 * TP2 at 1.32911 * SL at 1.33800 Note - TP2 at target D in pattern. If market hits target D after selling at C then; * BUY on D at 1.32911 * TP1 at 1.33311 * TP2 at 1.33558 * SL at 10-20 pips below X (1.32839) Note - TP1 on buy = TP1 on sell Wait till market hits target C first for higher probability of gartley pattern in play, else; * Use indicators at lower timeframes (e.g. 5mins) for buy up opportunities to target C. Considerations on where to collect profit; * Gartley pattern completion can sometimes be annulled after TP1 of sell from target C. * Gartley pattern D breakout can sometimes finish its run at TP1. DISCLAIMER; Trading carries risks, ideas are for guideline purposes only. Do set stop losses when trading & be generous with how much room allow for candle wicks. There is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire. Do check related ideas below for those I've guided.
by Dani0
2
USDCAD dropping perfectly, remain bearishSell below 1.3482. Stop loss at 1.3543. Take profit at 1.3387. Reason for the trading strategy (technically): Price continues to drop perfectly towards our profit target and has made a nice bearish exit signalling that a change in momentum is expected. We remain bearish looking to sell below 1.3482 resistance (Fibonacci retracement, pullback resistance, swing high resistance) for a further push down to 1.3387 support (Fibonacci extension, horizontal swing low support, Elliott wave theory). RSI (55,5,3) is seeing strong resistance below the 55% level where we expect to see further bearish movement. We also see a recent bearish exit signalling that a change in momentum to bearish is expected.
Short
by MEX_Exchange
Short USDCAD Short Term based on 30M, 1H, 4H + Fundamentals.Good Morning all, Sorry I'm late with this analysis - entered the trade very early this morning and was unable to write up my analysis before now so I apologise for the late entry, however we have plenty room for pips yet so I thought it would be worth adding. The USDCAD has been trading in a tight range but we've seen a bearish breakout below a lower trendline and coupled with some fundamentals, this has given us the opportunity to go short on this pair. Technicals: EMA50 has crossed below EMA200 (Death Cross) on both the 30min, 1H and the 4H charts. After breakout, price broke below major support at 1.34708 with potential for a further leg down. Fundamentals: With Oil prices rising and consolidating in a bullish manner, we can expect some support for the CAD in the short term. With US data being choppy and great uncertainty as tensions rise with North Korea and whether the FED will hike rates in June or not, I would consider the USD being the weaker of the pair. Place your stop at 1.35044 and price targets of 1.34300 but we're not setting a TP, we will let this run and adjust our stop accordingly to secure profits. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Short
by AEFX786
USDCAD remain bearish below major resistanceSell below 1.3540. Stop loss at 1.3595. Take profit at 1.3431. Reason for the trading strategy (technically): Price is seeing major resistance below 1.3540 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, Elliott wave theory) and we expect to see further bearish movement below this level to at least 1.3431 support (Fibonacci retracement, horizontal swing low support). RSI (55,5,3) is seeing strong resistance below the 55% level where we expect to see further bearish movement.
Short
by MEX_Exchange