USDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Usdcadbuy
USD-CAD idea! 💡💬
Hi traders.
I use the supply-demand method for my analysis.
Check the lower timeframes for confirmation and entry. (5m,1m)
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What do you think about this setup?
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Everything I share is how I trade personally. 😉
Enter the trade by checking yourself.☑️
Do not put more than 3% of your capital at risk! ❌
USDCAD BUYI shared an analysis on this pair some hours ago anticipating an H4 order block which didnt play out as expected. From H1, we can see an equal low which was suppose to hold again as TrippleBottom but as you can see in the chart, there was a stop hunt which further confirms a bullish move. Don't forget to risk between 1-3% of your balance per trade.
Jamie Gun2Head Trade - Buying USDCADTrade Idea: Buying USDCAD
Reasoning: Short term support, RSI bullish divergence, looking for a temporary move higher
Entry Level: 1.28700
Take Profit Level: 1.29120
Stop Loss: 1.28510
Risk/Reward: 2.21R
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USDCAD BUY TO SELL TRADE WITH TRENDUSDCAD has been on a downtrend on higher timeframes.
Current market structure appears to be finally moving to the upside. 1 Hour has stopped making a new low and has broke structure to the upside. Lower timeframes are in a countertrend moving towards our buy position.
If price breaks below current low, trades cancelled and we wait for next opportunity.
Higher timeframes bearish
Lower timeframes bullish
Buy to Sell, trade with the trend.
USDCAD Long ScenarioMarket formed an overall uptrend, and now broke a structure in a downwards correction, recent higher low was created on a key market level where it got support and bounced back up, we can enter now, for a better risk to reward ratio, or enter at the point where market broke a structure for a more safe entry.
Target: 1.301 (POC)
Entry: 1.284 (Point of structure break)
Invalidation: 1.279 (Below KML)
USD/CAD Finally Closed Above Historical Res , Long Setup Valid ?This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions