Usdcadidea
USD/CAD, price action speaks Bearish languageUSD/CAD has recently broken support area. After daily close, this will become new resistance for the price. If the price retests this, we will be looking for shorts with our members.
USD/CAD, expect price to hit bottom of the Symmetrical TriangleUSD/CAD is rejecting resistance Trend so there is a great chance for some bearish price action which can lead the price to the downside.
USDCAD, ready to go long After the complex corrective wave on usdcad, the pair is ready to breakout of this consolidatio and resume an impulse BUY,
The wave 1 and wave 2 of this bulish motive wave has formed, we are anticipating the buy of wave 3( usually the longest).
kindly like ans follow
Thank you
USD/CAD TRADE SHORTUSD / CAD will break its support line and will go to the specified arrow.
FOLLOW ME. STAY INFORMED UNTILL THE ANALYSIS IS DONE.
On his way to the resistance #USDCADA very interesting pattern of support and resistance was created with 3 support points and 3 resistance points, because of our proximity to the support line and the margin we have until reaching the resistance line we recommend buying
The bullish trend supports our model
Target: 1.4120
USDCAD long trade ideaPlan : trendline and 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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
USDCAD 4HUSDCAD is expected to retest the lower support of 1.38500 for a possible reversal or alternatively as oil price rise which affects the CAD the pair can plunge downwards
USD/CAD - Break & Retest of Support StructureTrade Suggestion:
Price to continue its downtrend after bounce off trendline resistance level
D1 Timeframe shows price trading within descending triangle and has show bearish bias from touching its resistance
DXY Dollar Index beginning to show some weakness after bullish surge
Technical Analysis
EMA Bearish cross of 10EMA & 50 EMA adds bearish confluence
Broken support has held price before, showing rejection in the past
Price has broken H4 support structure and has retested its level
USDCAD: Expect Further Upside Towards 1.4280Hi Traders,
USDCAD will continue with the current bullish momentum until it reaches key resistance at the 1.4280 level. At this point, I'm expecting to see some reversal where price will continue the down trend. At current levels, look to join the current upside momentum only when price pulls back. Otherwise, look for short position from the blue box.
Regards
Wave Theorist
USDCAD UPDATEThis is an update take profit was smashed. Starting next week Monday I will post my analysis with great description so you guys can understand and implement them into your trading. Back test before anything.
USD/CADHI
The USD / CAD has reacted to its support level and will move upwards.
And it's the best time to trade.
HAVE A GOOD DAY.
USDCAD short trade ideaPlan : 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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
USDCAD long trade ideaPlan : wait for the price to bounce off from trendline and 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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
USDCAD LONGUSDCAD is moving in an upward trend making higher lows and testing new support. I would not go long to the highest point because it is Friday and I don't want to get caught up in between when the market opens up and other factors. Target was previous high with a little push. Now let's see how this baby does.
USDCAD BREAKOUT UPDATED SETUPUSDCAD on still on a uptrend after the retest back to the trend line i will be looking for a good buy opportunity.
