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Usdcadforecast

USDCAD SHORTS 📉📉📉Expecting bearish price action on USDCAD as price rejectes a bearish orderblock H4 area filling on it's way the bearish imbalance. We are in a bearish market structure from a HTF(higher time frame) premise and we should go lower from there, another bearish confluence is that price made the shift in strucutre from bullish into bearish (bos - break of structure area) price moved below the last low and retraced lower then the last high. What do you think ? Comment below..
Short
by AnonimFXRO
USDCAD | Still Uptrend | Might get a Retracement.When it comes to the technical analysis of USDCAD, it is still in uptrend and likely to get at least 250 Pips to the upside. However, based on the current scenario, there is a good chance price might try to get a pull back before it move to the upside; which could be approximately 150 pips and it is a good short opportunity as well. But I don't recommend you to trade against the trend. If you are planning to go short, better place the stop above the R1. And also, if price breaks the below demand area don't go long. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. If you find this technical analysis useful, please like & share our ideas with the community. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by Maxproftrade
1
USDCAD LONG - Buy Entry - H4 ChartUSDCAD LONG - Buy Entry - H4 Chart Buy @ Market Symbol: USDCAD Timeframe: H4 Type: BUY Entry Price: Buy @ Market Resistance @ 1.29249 Resistance @ 1.28011 Resistance @ 1.26499 Pivot Point Yearly @ 1.25382 Support @ 1.25215 Support @ 1.24575 ✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍 ✅ If you have any feedback or questions, please leave a comment below as I answer each comment 💬 ✅ Wishing you enjoyable successful trading 🙏
ULong
by UnknownUnicorn35780991