Hi TRADERS this is my trade set up for the USD/CAD for the new week ahead USD/CAD Is coming to rejection area again, I am looking at two scenarios 1st it gets rejected from resistance area after touching a few times in the past so would be sell only or 2nd scenario it breaks through the resistance area for a strong push up so we will be buying only clean crisp...
Hi TRADERS this is my trade set up for the USD/CAD USD/CAD hit TP2 on last chart I posted on this pair now has reversed from that area and coming back to support zone which was once resistance, if we get good news from USA data and FOMC possibly could go back up, it will be volatile this afternoon as we have high Canada data released to, so just be patience with...
HI open position : 1.24350 take profit : 1.27500 S/L : 1.23850 Best Regards.
USDCAD 4H OPEN POSITION =1.23600 TAKE PROFIT 1=1.28750 TAKE PROFIT 2=1.2939 TAKE PROFIT 3=1.30935 S/L =1.22485 BEST REGARDS
USDCAD is in the middle of a supply zone. Showing rejections, we need to see bearish price action for a valid short entry.
Here is my USD/CAD 4H analysis. I do not see any certain patterns at the moment but will most likely take shorts beginning of next week.
Please note we have posted a BUY Idea on 1H time frame. (refer related idea) The 4H USDCAD looks bearish currently going up to retest the trendline as well as the Daily resistance which is strong enough to reverse the price. Fundamentally, USD has displayed some temporary strength which could last only until the daily resistance. The First target is immediate...
Triple top detected, and price didn't manage to go higher than the previous swing high point. TAYOR! KHALID HAMID @ MK
Hi everyone this is what I saw at the moment. Stop Loss around 30-40 pips from Entry in the yellow zone. TAYOR!
Hi everyone. Please refer to the image. Beware of CAD news coming out tonight (SEA time). It might move the pairs then. For now its still not moving much. Maybe waiting for news data. TAYOR and all the best traders! KHALID HAMID
Hello guys. Please refer to the image. This is what I see for USDCAD. After a nice drop following my previous analysis, I'm going for a long because the resistance has been retested multiple times, making it weaker. Usually, price will go back there to break it. Let's see. Don't forget to put a risk on your trade. TAYOR! KHALID HAMID @ tfspriceaction
Hello Guys. My first TV analysis after a short break from previous busy days. Today or next week I would see a potential retracement for USDCAD. I figured out that my projection of Fibo 423.6 is exactly pointed at Strong Key Level. I would see potential Sell position at that area. If you take the order make sure take account your R/R and MM. Good Luck and...
USDCAD price finding back the demand area, where buyers try to get as lower as they can to fulfil their orders. We will see what will happen when it touch the zone. Low SL, high expected TP. GL..
USDCAD has just spiked up triumphantly, however we expect it to lose its steam just as fast. Price has touched the Daily Trendline (Upper), failing to break through. We expect a reversal is now imminent, provided the Daily Trendline does not break, as price is now significantly overbought. We expect price now to fall back towards the closest support level, before...
- Rejection at 200sma on the daily - Chuvashov fork break - Rejection at 38.2% fib - CURRENT weakness in the USD - Oil has a negative correlation with USD/CAD. Oil is currently trending bullish. Possible supports: - 200sma on the 4 hour - Ichimoki cloud on the daily - 23.6% fib retracement on daily My first profit target is 1.29863 or the bottom fork/trendline,...
USDCAD H4 This is a long term forecast of USDCAD. I'm looking for a move up to complete a five waves pattern correcting the big move down from 1.46000. If this unfolds as predicted, we will see a continuation of the down trend. The other unlikely possibility is that we will start an uptrend. Time and price will tell. Either way, we can make money in ups and...