Usdcadidea
USDCAD, Pullback to test resistance, ShortUSDCAD, Pullback to test resistance and Strong Trend Line!
USD/CAD Time to ShortThis has moved beyond the upper trend line but looks like it has reached its peak which is a lower high. Now expect this to drop and possibly create a lower low, but to be on the safer side TP can be at the previous low. SL just above the previous high of 1.27994
USDCAD short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** 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.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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USDCAD: Ending Diagonal PatternIn some cases, we cannot detect the main trend clearly. But there are patterns that are helpful, they temporarily show the trend. One of these patterns is Diagonal.
As you can see in the image, the Diagonal pattern is formed and we are waiting for the price to increase to the range of 1. 3411. To get the confirmation for the uptrend, the price should cross the range of 1.2835.
In addition, convergence is evident in RSI. This analysis will be violated by crossing the price from the range of 1.2588.
Bullish Max Bat PatternUSDCAD BULLISH MAX BAT PATTERN
Market Buy Order Set Up.
Buy Entry: (1.26325)
Min Take-Profit: (1.26793)
Max Take-Profit: (1.27248)
Stop-Loss: (1.25684)
Max Risk-Reward: (1.44)
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USDCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** 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.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
Bullish Gartley PatternUSDCAD BULLISH GARTLEY PATTERN
Market Buy Order Set Up.
Buy Entry: (1.27120)
Take-Profit 1: (1.27545)
Take-Profit 2: (1.27854)
Stop-Loss: (1.26668)
Max Risk-Reward: (1.62)
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Bearish Gartley PatternUSDCAD GARTLEY PATTERN
Market Sell Order Set Up.
Sell Entry: (1.27612)
Take-Profit 1: (1.27126)
Take-Profit 2: (1.26807)
Stop-Loss: (1.28021)
Max Risk-Reward: (1.97)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
USDCAD, The price action tells, shortUSCAD shows a very good sign of short position.
+ Breakout Descending Triangle pattern
+ Strong Support Becomes Strong Resistance
+ The Price Action tells Short
USDCAD, Approaching Significant Support, ShortMonthly Structure tells a nice price action story.
+ Exaggerated Divergence
+ Significant Support
+ The momentum tell further below
+ Double Top
USD/CAD Buy Opportunity Technical Overview: - USDCAD has been on a bearish run past the few months leading up to January.
We know this is a monthly trend that many people have sold based off and many people have swing trades positions to the downside.
The markets is not yet done, we may have more downside to around 1.2600 Zone which would be a much better R:R at a discounted price.
Fundamental Overview: - DXY is gaining bullish momentum because of recent high impact NFP news and unemployment change rate.
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.
Flow with the Devil 😈
Trade with the manipulation👾
USDCAD SELL WATCHOUT BEARISH PILLAGEBearish Order Blocks, sell till 1.25 or 1.23, USDCAD on a Bearish move.
Short USDCADConfluences:
+ Pivot Point
+ Fibonacci Retracement 0.6
+ MACD Divergence
+ Flip Zone
- Take Profit:
+ next Support / Resistance
+ Or Price Action ( My Favorite way )
USDCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** 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.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
USDCAD Roadmapprice direction: NEUTRAL
potential upside target price: 1.2935
potential downside target price: 1.2775
**Disclaimer** 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.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
