Usdcadbuy
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
UsdCad has broken above resistance. 1.35 next?Since June last year's low at 1.2, UsdCad has been trading upwards with a clear resistance just under 1.3 important figure.
Yesterday the pair has broken above this resistance and we can have a continuation to the upside.
1.29 should act as support at this moment and dips in this zone should be bought.
Back under 1.28 would negate this scenario
USDCAD DAILY: HOLD ABOVE 1.2963 POTENTIAL TARGET 1.3172-1.3389 USDCAD Broke Strong Resistance 1.2963 (DOUBLE TOP), Medium Term Bullish Resume.
Break & Hold Above 1.2963, Potential Target 1.3172 - 1.3389 Area.
Strong Resistance 1.3420.
Break Below 1.2713, Cancel Bullish Outlook.
Break Below 1.24, Bearish Continue To Target 1.2288.
Strong Support 1.2000.
USDCAD top-down analysis, UPDATEDHello 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.
USD/CAD Made Higher High , Long Setup To Create New Higher Low 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