H&S to get shorts trapped at the bottom or more downside to comeUSDCAD is painting a clear head and shoulders pattern. It hasn't break the neckline though.
the question is: is there more downside to come, or is this a trick to get shorts trapped at the bottom?
I'm long as long as the neckline isn't broken. we'll see.
Usdcaddaily
USD/CAD BUY THE PULLBACKTechnical Overview: - USD/CAD
While the the obvious trend is bearish, we are out here doing the opposite.
Trading is all about your mental decisions, and our outlook changes our outcome.
Since price had dropped, this created a huge discount for hedge funds to enter in on cheaper prices.
We are bullish simply because price is oversold from a HTF.
Smaller time frame suggests downside, this could be used as an opportunity to enter in when price is falling.
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.
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Trade with the manipulation👾
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👾
USD/CAD PAIR BREAKDOWN👋 Hey there traders, and welcome to a brand new pair breakdown!
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usdcad longIn case of breaking the trend line and reaching the specified area and the presence of return signs, the purchase transaction can be entered by observing the loss limit.
Of course, note that now is not the right time to enter the trade, and this is just an analysis, and just pay attention to the fact that now the chart has a good and significant situation.
USDCAD | It will rise to channel resistance +200 PipsWelcome Back.
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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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USDCAD - LONGKey area for USDCAD here @ 1.3050-60 area as we have bounced off the key 92.48 support in DXY index. Provided that the level holds, we should see a bounce off these lows in USDCAD and a rally towards the 1.3137 fibbo resistance or even towards the 1.3190 level.
From a risk reward point of view, dollar looks oversold here with an RSI around 28 reflecting a turn in momentum and a swing to the upside.
Long USDCAD @ 1.3060
TP 1: 1.3137
TP 2: 1.3190
SL around 1.3020.
Daily Update__ Buy__ USD?CAD-- W1Disclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
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