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Usdcad4hr

USDCAD 4H Descending channelUSDCAD is creating lower highs/lows on a 4 hourly descending channel. With MACD gaining strength any pullback towards the channel top may create a hidden bearish divergence which can be treated as an area to look for weakness creating a possible short entry. as an example, using something like a bearish engulfing candlestick in this area is acceptable to trade and defines your risk as the channel top or slightly beyond. Take profit can be set to a gap close or the recent high before the gap. risk for all trades is 2.00% maximum this particular trade yields a 1:6 risk reward
Short
by Gapping_Hard
2
USDCAD-opposite to the safe heaven assetsUSDCAD The CAD movement is mostly based on the movement in oil market. As the Canada is one of the major oil exporting countries and their economy is also depends on this type of oil based industries After touching the march low which is 1.33250 it has reached almost 1.40000 level We can expect short term fall back towards 1.36400 which is also a 50% Fibonacci Suitable long positions may opened at this level Potential take profit will be 1.40000 Stop lose may placed below the 100 EMA zone as i marked in the chart Leave your valuable comments related to this pair
Long
by forexorbit
Trading Pathways Analysis of USDCAD H4 Chart The outlined white arrow pathway is the predicted pathway that the USDCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where USDCAD will turn. PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK. Eiseprod of Trading Pathways
Short
by Trading-Swing-Pathways