USDCAD BuyThe USDCAD has made breakout but I think it will rise again. Follow the chart and try to understand how I did this analysis.
Usdcadidea
USDCAD 3h longI welcome my dear fellow readers and traders to my next analysis.
We are going to see if the USDCAD will rise or if it is likely to fall further. When can you buy or is there any possibility of such a drop? When to exit? What is the reason to buy? These things we will see in this post.
I saw the chart and now it is in a good place to go for a long. Although stocks have fallen sharply now, the space still has the potential to withstand further damage. If you look at the 3h chart, there is little change in price from 1.34703 to 1.33839 range. So, the market remembers this price and keeps the price change in this range.
So, buying this stock at this location is the right decision. But there is also a chance to break this cycle if the stock distribution is high.
Look at the chart attached for a better clarity. Perhaps, I had in my mind that if the price closed from 1.34703 to 1.33839 range, then I can enter. Now the price has closed as expected within this range. Now it is time to go long a for a while.
But it is wise to follow your risk management before taking entry.
I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways.
Thanks & Regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
FOREXCOM:USDCAD
#USDCAD- LONG 400+ PIPS TARGET!!-We have been expecting strong dxy since long time, as there is NFP this Friday, we expect it will be in favour of USDCAD.
USDCAD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USCCAD, H4 sell signalThe price has broken the lower limit of the drawn channel.
I expect further declines on this pair.
TP around 1.333
GG
P.S.
This is not financial advice of course, just my idea.
Usd/Cad May go short { Pitchfork} (3rd December 2020)Disclaimer:- Educational Analysis says Usd Cad may go Short according to my technicals.
This is not an entry signal. I have no concern with your profit and loss from this analysis.
Why Short?
Because the 4 hr trendline(backline) is been respected twice.
For Additional Confirmation on this trade. you may go for 15 min tf and pitchfork tool may help you to this analysis in more disciplined way.
USDCAD, sell, double top on H4I expect a decline in this currency pair.
A double top has formed on H4, which may mean declines and breakout of the support line with TP around 1.3400
GG
P.S.
P.S. This is not financial advice of course, just my idea.
USDCAD is ready to go shortThe dollar has reached its highs, a further decline is in sight to maintain the bullish channel of the USDCAD pair. The pressure of buyers against sellers is losing volume. We can therefore consider a sale at this price zone.
The price will not be able to be maintained above the 1.36 level.
USDCAD, long, around 100 pips, H4After a rebound from the previous TP (analysis completed) I expect increases around the upper limit of the drawn channel (green line)
TP around 1.3750, around 100 pips
GG
P.S.
This is not financial advice of course, just my idea.
DeGRAM | USDCAD approaching 1.38000USDCAD is currently trading in an ascending channel.
The market formed a consolidation zone at the resistance level.
Price is coiling up before breaking through the level.
We anticipate a retest of the major resistance .
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
USDCAD, expect drop price to 1.35300 +around 100pips, H4,H1I expect the price to drop to around 1.3530 for now.
If the price breaks the resistance indicated on the chart, the uptrend should continue, but I expect the price to fail and fall.
We'll see what happens after the weekend.
Have a nice wekkend!
P.S.
This is not financial advise of course, just my idea.
USDCAD Breakout Long!USD-CAD was trading in a downtrend
Below a falling resistance line
But a bullish breakout happened
So I am bullish now and I think
The price will go higher
USDCAD, I am Short (After a Bull Shot)USDCAD, I am Short (After a Bull Shot), be ready to take entry after reaching the POI area
DeGRAM | USDCAD at strong resistance USDCAD moved out of the descending channel and created an ascending channel.
The market is consolidating after bouncing off of resistance and dynamic resistance (trendline).
Price is expected to fall from psychological level 1.35000.
We expect the downtrend to continue since the trend is bearish .
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
USDCAD rejectedYesterday NFP news was come in the favor of USD, but market react against the news. This is making sense that USD has no power and by this USDCAD seems more bearish.
USDCAD Resistance Cluster!USDCAD is trading in a downtrend
And the pair has retested a resistance cluster
From where we are already seeing
A bearish reaction so I think that the price
Will go lower still
USDCAD is ready to go shortAfter several rejections at the 1.3436 level, we open our sell positions to look for the 1.3320 level.
The price failed to break through the resistance and the volume of buyers at this price level decreased significantly.
USDCAD a short term sell tradeUSDCAD a short term sell trade a short term sell trade for minimum 50+ pips
DeGRAM | USDCAD at strong resistance USDCAD moved out of the descending channel.
The market is consolidating, and the harmonic patterns work very well in the ranging markets.
Price is likely to continue consolidating.
We expect the downtrend to continue since the trend is bearish.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
The USDCAD could continue to rise as the DXY continues to rise!Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.30500 zone. When the trade is confirmed bullish, it will be executed.
DeGRAM | USDCAD sell after false breakUSDCAD moved out of the ascending channel and entered the descending channel .
The market is consolidating after breaking at the resistance level , which was previously support.
Price action is printing an equal measured move.
We expect the compilation of the CD leg.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
🟢 USDCAD - 4H (09.11.2022)🟢 USDCAD
TF: 4H
Side: Long
SL: $1.33873
Entry: $1.34289
TP 1: $1.34867
TP 2: $1.35481
TP 3: $1.35978
USD is gaining strength again so it's time to start buying it.
