USD/CAD 4HR SELL AND BUY SET UPS???Hi TRADERS this is my trade set up for the USD/CAD for the new week ahead
USD/CAD Is coming to rejection area again, I am looking at two scenarios 1st it gets rejected from resistance area after touching a few times in the past so would be sell only
or 2nd scenario it breaks through the resistance area for a strong push up so we will be buying only
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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Usdcadforecast
More upside to test the top of the channel for USDCAD. Looks like there's more upside to come to test the top of the channel for the dollar cad, we will enter a long on pullback to 1.27 and exit at around 1.32. The expectation of rising fed interest rates will bring the price of oil down and cause a rally in the USDCAD.
NFT Trade USDCADI will be placing this order on USDCAD today, it seems logical to me.
Due to NFP, risk will be reduced dramatically.
This is my only trade of the day, good luck traders.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
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USDCAD Multi-TimeFrame Analysis // February 22Weekly
Daily
4hr Analysis
NFP week so this could get wild
Bias remains bullish on USDCAD,
due to USD strength, and not anticipating crude oil to take CAD with it to the
moon. Here we can see market structure on 3 different Timeframes.
Plz Like for more breakdowns like this
Weekly -
Daily TF -
USDCAD: 4HR Long! Price-Action view
As is, price is ready to advance for tests at 1.26186.
Or, Price could seek more buyers at bargain Entry prices.
Either way, there's opportunity to fit your risk : reward appetite.
Note: Idea is to complement your research.
Check comments section for future updates on idea.
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Thank you. Happy Trading.
USD/CAD - DOWN BEFORE RALLY CONTNUES???Until the last Friday of January CAD has been taking a beating , Mon-Tue we see CAD gaining some traction
in a much corrective structure and of nature, trickling its way back down towards marked out IPA's that need filling
as well as some unmitigated OB's before a possible rally higher.
(SUBJECTIVE)
- 2 possible positions I would personally execute have been marked out only if price action is in context .
A short term sell if price moves toward the minor IPA giving bears another shorting opportunity
which could possibly push prices further down where MY second entry would be- Long, Medium term to a higher daily OB.
Now, lets wait and see..☕
this is not trading advice
USDCAD Bearish Bias to 1.267 price point on the 4HR ChartLooking for USDCAD to respect 127.5 Price Point on the Daily
Anticpating a pullback to 1.26700 on the 4hr
Really good risk to reward short during High volume
time (London Session Close) We''ll see what happens
This is a day trade, don't plan on holding it into asian
unless we are in a fair amount of profit
USDCAD SHORTS 📉📉📉📉 Expecting bearish price action on this pair from a d1/w1 perspective as price is rejecting a bearish orderblock on h4, taking out stops above 1.27500 and old high area aka resistance 1.27000. If monday closes bearish then i think the selloff will start right into sell side liquidity area.
What do you think ? Comment below..
USD/CAD 4HR BUY SET UPHi TRADERS this is my trade set up for the USD/CAD
USD/CAD hit TP2 on last chart I posted on this pair now has reversed from that area and coming back to support zone which was once resistance, if we get good news from USA data and FOMC possibly could go back up, it will be volatile this afternoon as we have high Canada data released to, so just be patience with this set up
so i will be looking to take trade from order block zone to take a BUY trade
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
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