USD/CAD LONG SENTIMENTTechnical Overview: - USDCAD has been on a bearish run past the few months leading up to January.
Last week we suggested that we are turning bullish on a smaller time frame and we are near a strong key level.
Check out last week analysis below, a perfect buy opportunity was given to us, however this week we see the bullish momentum building up more
will be seeking for more buy setups!
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
(STAY UPDTAED REGARDING OUR IDEAS BELOW)
Flow with the Devil 😈
Trade with the manipulation👾
Usdcadbuy
USD/CAD Buy Opportunity Technical Overview: - USDCAD has been on a bearish run past the few months leading up to January.
We know this is a monthly trend that many people have sold based off and many people have swing trades positions to the downside.
The markets is not yet done, we may have more downside to around 1.2600 Zone which would be a much better R:R at a discounted price.
Fundamental Overview: - DXY is gaining bullish momentum because of recent high impact NFP news and unemployment change rate.
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
USDCAD Descending Triangle - Long PositionUSDCAD Long Position
Entry: $1.26671
TP & RR: $1.27938 (2.25)
Stop Loss: $1.26107
REASONS FOR THE TRADE
Clear descending triangle with an increase in buying volume. Not much to say here, it is either going to go up in an explosive move or it will completely break down. I don't feel confident opening a short though. My long is very conservative with a Stop Loss below the recent low. The RR is somewhat decent, but I would definitely not rush to close my position once we are out of the triangle.
USDCAD - SWING - 04. JANU. 2021Welcome to our weekly trade setup ( USDCAD )!
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1 HOUR
Very bullish reaction to previous lows.
4 HOUR
Overall bullish market structure, expecting more upside.
DAILY
Market about to push towards or even above previous highs..
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FOREX SWING
BUY USDCAD
ENTRY LEVEL @ 1.27760
SL @ 1.27230
TP @ 1.28570
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
USDCAD - SWING - 28. DECE. 2020Welcome to our weekly trade setup ( USDCAD )!
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1 HOUR
Bearish turn towards main sr level after closure above.
4 HOUR
Great long entries, prices moving within our range now.
DAILY
Overall bullish market after pullback right now.
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FOREX SWING
BUY USDCAD
ENTRY LEVEL @ 1.28500
SL @ 1.27940
TP @ 1.29370
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
USDCAD LONGUSDCAD is looking very interesting in this region. A break back into the falling wedge could provide some bullish movement.
If we close back within the wedge today I would be looking for long positions. USDCAD also correlates with USOIL and if you haven't seen already I am short on. So the fact that oil is looking bearish signifies that this pair could turn bullish.
Ultimately we have had huge sell offs from the highs and pull backs will be due. There are many untested regions such as 1.39 which will be seen again in Q1 of 2021.
A break back into the wedge followed by a bullish break with a retest and close above then I will be looking for very long term holds on this pair. 11 more followers until I reach my goal of 120 followers before the year is out. If the target is reach I will start to provide weekly breakdowns where you can also see the psychology behind my trading strat and why it's so effective.
These will also be included!
-Weekly trade set ups
-analysis
-Mid week breakdowns
-Long term investments
USDCAD | It will rise to channel resistance +200 PipsWelcome Back.
Please support this idea with LIKE if you find it useful.
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It is still in a downward phase and on a downward channel, and with that, the third support now arrives in the event that it is not able to break it, it will rise according to the scenario that you set
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