Usdcadbuy
USDCAD / BUY We can see in the chart price failed to break through support and was pushed to its next support level where it fell through.
I am waiting for price to break through the area before buying to my initial target
We can also look for an additional buy opportunity at the previous support (now resistance) level
USDCAD bounced from support, potential for a further rise!
USDCAD bounced off 1.33811 where it could potentially rise further to 1.34490.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD, 4hr timeframe, inverted shoulders head patternHello my friend,
Today i spotted a nice buy setup on USDCAD pair. There is a bullish divergence on daily timframe and a nice inside bar pattern so i am looking into 4hr timeframe to time my entry.
Surprisingly, there is an inverted shoulders head pattern forming and i think we are going to see price broken above the neckline soon.
Buy USDCAD 1.3420-30
Stop loss 1.3360
Take profit 1 @1.3480
Take profit 2 @1.3540
Good Luck
Disclaimer: I am opening buy position since 1.3420
USDCAD bounced from intermediate support, potential for rise!
USDCAD bounced off 1.34066 where it could potentially rise further to 1.34490.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD ANALYSIS we have two positions here,(NOT FOR SMALL ACCOUNTS, UNLESS YOU HAVE ELEPHANT BALLS) double bottom on the DAILY Time Frame (SWING) +500 PIPS TP and -150 Pips SL
Multiple Rejections of my support Level and a huge rejection of my FIB Gold zone. +200 PIPS TP and -64 Pips SL
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Long $USDCAD above 1.3300Hello Sophisticated Trader,
Our last analysis was over 300+ in gains, now the USDCAD has found some support and is due for a bounce. Currently, closing back above1.3400 suggests a potential test of 1.3500 and a potential test of 1.3700, oversold conditions also support this and only a close below 1.3330 would negate this bounce.
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Dr. Lydia Smith
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USDCAD Potential Climb...Price Rejection and now what???Lets start off, by looking at the overall picture of USDCAD. We can see a nice double bottom pattern in the daily chart which I believe a nice "W" shape can occur. If we look closely, we can see that price level rejected off a key trend support level with a nice BULLISH upside movement. As of now, I am seeing a possibility for USDCAD to hit the 78.6 fib level where we can see a retest of 61.8 fib level (also a strong support level at that price level) before we see a continuation in the BULLISH movement up till 161.8 fib level and if breakthrough the first strong resistance level (bold line) definitely we can see it reaching 261.8 fib level. As of now, I am BULLISH for USDCAD but do look out for potential news which may update the movement of USD.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
USDCAD to reverse from downside confirmation, potential drop!
USDCAD to reverse from its downside confirmation at 1.33193 where it could potentially drop further to 1.32618.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD to reverse from downside confirmation, potential drop!
USDCAD to reverse from its downside confirmation at 1.33636 where it could potentially drop further to 1.32743.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD to reverse from downside confirmation, potential drop!
USDCAD to reverse from its downside confirmation at 1.33773 where it could potentially drop further to 1.33111.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD reversed from resistance, potential drop!
USDCAD reversed off its resistance at 1.34144 where it could potentially drop further to 1.33519.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD reversed from downside confirmation, potential drop!
USDCAD reversed off its downside confirmation at 1.34162 where it could potentially drop further to 1.33633.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD LONGUSDCAD establish strong 4-hour support and have a good volume
Buy now and it will swing up again. :)
USDCAD to reverse from downside confirmation, potential drop!
USDCAD to reverse from its downside confirmation at 1.34237 where it could potentially drop further to 1.33633.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD bounced from support, potential for a further rise!
USDCAD bounced off 1.35096 where it could potentially rise further to 1.35392.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
