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Usdcadidea

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 please follow like and comment thanks
Long
by Costy13
10
Trading Idea Regarding USDCADThis pair is going bullish for now Technical Analysis 1-Break out price structure and retesting it before continuation to the upside 2-Ascending Triangle Chart Pattern on weekly Time Frame Sentimental Analysis: 1-CADJPY Reached falling resistance level indicating bearish move for the pair (Indicating possible weakness for the CAD) 2-AUDCAD is making Q&M chart Pattern which is indication of bullish move for the pair(Indicating possible weakness for the CAD)
Long
by Inzamam9012
UsdCad- Nice trade with great R:RIn June 2021, UsdCad has changed the trend, breaking above the descending trend line and reaching a high around 1.3 important resistance. Since then, the pair was very volatile with large up and downswings. In December, UsdCad has had a new attempt to conquer 1.3 and failed again, dopping slightly under 1.25 However, this low is higher in rapport with the previous 2 and can be an indication of continuation to the upside. More, 1.25 zone is market by 3 bullish pin bars and it is clear that we have buying power in this zone. In concl;usion, dips against 1.25 should be bought and swing traders can target 1.3 resistance. A dive under the recent low would negate this scenario. Best of luck trading UsdCad Mihai Iacob
Long
by Mihai_Iacob
8
There's a possibility of USDCAD going lower this weekUSDCAD has bounced up from the diagonal support of the rising channel on Friday. Within the channel I see a head and shoulders pattern on lower timeframe. There's a possibility that USDCAD will fall the coming week. I am interested in seeing price testing the broken neckline of the head and shoulders and see if there will be some sort of rejections around the area for a possible short position. If it does fall, I will target 1.23211. Please support my ideas with likes if you find this helpful. Thanks
Short
by Forexintelligence_NA
2
USDCAD: Daily Price-Action Analysis, Long! See Description. On the Monthly timeframe, Price has seen test at 1.20483, a VERY Important Price for Long-term POTENTIAL Targets 1.79550 | 1.59368. Hmmm! Test at 1.20483 has sent Price to Caption zone 1.25110 | 1.27834. Inside Caption-zone is Price 1.26210 that gives price 1.34621 potential for upside test. Understanding the Caption-Zone: Successful upside breach of 1.27834 is clear setup for Test at 1.33083 for further advance or decline. As is, price is trading above %50 of most recent Lo-Hi Swings-- Meaning Bulls have upper-hand and potential to drive price outside 1.25110 | 1.27834 Caption-zone into Target 1.33083 Other Targets will include: 1.31714 | 1.31897 | 1.35313 | 1.35552 Looking at Daily Time-frame: Price is trading above two Caption-zones: 1.24079 | 1.25391 and 1.24526 | 1.25474 Meaning: There's a chance for (Pass or Decline) TEST at 1.26186. Secondary Tests await at 1.27302 | 1.27832 zone prior to zoned Target 1.33083. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
Long
by legacyliked