Usdcadbuy
USDCAD will be messy....The dollar cad broke uptrend structure and now we are expecting some range bound trading until a clear direction is formed. At these levels, I am looking to enter a short position.
BEAR CASE
In the next week, I am expecting a slight move upwards to retest the bottom channel line and then for price to dump to retest 1.26
BULL CASE
Though unlikely, we need to consider the case where there is one more push up to retest 1.30, if the bottom of the channel line doesn't give us the resistance that we are looking for, and serves as a support for a up move, we may enter a long trade.
USDCAD - Short-term BUYThe USDCAD medium-term break at 1.2860 did not happen as yet.
We stalled and strongly came off.
Now current 1.2641 seems on low side, and besides we got a very low Stochastic RSI not seen for some time.
I suspect we should be buying here and stop-loss below 1.2575 to be safe. Objective would be a 200 pips upward potential is my personal view.
1.30 in sight for USDCADThe macro sentiment for the dollar is clear, we are expecting upside in 2022 and the fear is the market due to the OMNICRON strain as well as the fed's hawkish stance is accelerating this. Unless there's a macro uturn in the fed's policies, we should see price reach 1.30 some time soon.
USDCAD - MEDIUM TERM BUYLooking at the medium-term Kagi, and using 0.01 size, it starts looking as if the USDCAD may have a strong run up. We were not able to move lower at all, and the regression channel price action starts breaking upwards. Confirmation is when we settle above 1.2860.
For now buy when confirmed break, but the stop is low 1.2150 area (its medium term view), and the objective could be somewhere 1.3500.
USDCAD LONGS EDUCATIONAL 📉📉📉Its not a trading signal, i will look to long only if pric will return back into bullish orderblocks + imbalances confirmed with a HTF bullish market structure. Thats a perfect setup that i wait when i enter trades, htf structure combined with smart money concepts for entries.
What do you think ? Comment below..
Usdcad on bullish trend This is a long term analysis for a long period investment.In this analysis, I use fibonacci retreament and some other technical tools.In the chart , I found the support and resistance for the next target.
FOR BULLISH MOVEMENTS :
1.27150 buy area
1.26300 stop loss
1.30300 take profit
FOR BEARISH MOVEMENTS :
1.26200sell area
1.24900 take profits
USDCAD breaks out cleanly. More upside but stay nimble!The dollar cad finally breaks out of the channel that it was trading in and we should see more upside in the coming weeks. But this upside move is capped by strong resistance areas and there isn't much of a room to go. I'd control my risk and stay agile if I were you.
usdcad diamond breakout soon.UsdCad has been in a diamond price formation and due for a breakout soon.
Since USD is very bullish recently, I predict a bullish breakout and retest on the diamond structure.. then resume the price channel created in the diamond structure. This is a daily time frame so you will have to use a lover time frame for a buy entry. But it is sitting on a strong support now so there is a very good opportunity.
*I only try to identify chart patterns, it's up to you to make your decisions whether to buy or sell.
Good luck to everyone. Follow me for more patterns early
USDCAD is following its higher targetsThe candlestick pattern shows a weakness in bullish trend, a short-term rest is expected for USDCAD. The level 0.61 of Fib-Ret will be the next target at 1.29784. According to Chart Patterns, an ascending triangle would be detected at the mentioned level. Final target could be at 1.37. Please share and enjoy trading!
USD/CAD 4HR CHART BUY SET UPHi everyone this is my trade set up for the USD/CAD for the new week ahead
USD/CAD i think will push higher i am expecting a pullback to the order block zones and will be looking for a buy trade
look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome