USD/CAD Giving Amazing Bearish P.A , 2 Short Setups Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Usdcadidea
USDCADPair : USDCAD ( U.S Dollar / Canadian Dollar )
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Completed the Retracement at Fibonacci Level - 78.60%. Completed Impulsive Waves " 12345 " and " AB " Corrective Wave
Entry Precautions :
Don't Enter Until it complete Correction
USDCAD - Looking To Sell Pullbacks In The Short TermH4 - Bearish convergence.
Currently it looks like a pullback is happening.
Bearish hidden divergence.
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Bearish divergence.
Until the two strong resistance zones hold my short term view remains bearish here.
USDCAD 27/10 Pair : USDCAD ( U.S Dollar / Canadian Dollar )
Description :
Completed " 12345 " Impulsive Waves at Daily Resistance Level. Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Upper Trend Line. We have CHoCH and Divergence in RSI
Entry Precaution :
Wait for the Proper Rejection or Breakout
USDCAD BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity USDCAD
I still did my best and this is the most likely count for me at the moment.
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USDCAD Top-down analysis Hello 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.
USD/CAD 1HR Analysis - Remain Long With The New Weekly Support!USC/CAD may have established a new support with the Weekly resistance as shown in in my USD/CAD Weekly Analysis Idea from October 9th. We have several factors pointing to remaining long at this stage:
1. Currently in a Bull Channel
2. Weekly Resistance is starting to act like Support
3. We have a minor Bear Channel/Bull Flag on the hourly
4. Last weeks Weekly candle closed above the Weekly Resistance in a second attempt to break it
5. DXY is still above the 30EMA on the Daily Chart/9EMA on the Weekly
We should remain long in the short-term (Hourly Chart) and probably on the Daily/Weekly chart as well per my Weekly analysis. Long targets should be the previous Weekly Bear Channel Highs of 1.38600 and 1.39800 respectively. A long at this stage should have a protective Stop on the 1HR 200EMA with a first Take Profit at the top of the Hourly Bull Channel at 1.37500. From there, it's reasonable to hold some of your long position and add to it if we confirm a break above the channel to the next levels.
As always, trade at your own risk, you are responsible for your trades, and I hope this information was helpful.
Trade wisely and let us know what you think in the comment section below!
Might be beginning of impulse wave downPreviously it was quite strong sell on H$ chart and the current structure showing weak buyer indicates still in selling momentum. Possible sell opportunity for intraday set up, waiting for valid swing low to be formed when internal (H1) swing low to be broken. As long as no minor swing low (choch) formed, no sell opportunity.
BluetonaFX - USDCAD Descending Triangle SHORT IdeaHi Traders!
There is a descending triangle forming on the USDCAD 4H chart, and there may be possible opportunities for short entries leading to a potential support trendline break.
Price Action 📊
The market has had lower market swings filled with lower highs and lower lows since, along with a recent upside rejection candle and break below the 20 EMA, creating a descending triangle pattern on the chart.
We are looking for further bearish momentum to break and close the trendline support line and continue to the downside.
Fundamental Analysis 📰
Though the market's outlook on the USD is still very positive due to very strong data recently released along with continued positive statements from the Federal Reserve, there is possibility that traders are profit-taking on USD pairs meaning that new waves of buyers will be needed for any bullish momentum to take over.
Support 📉
1.35693: TRENDLINE SUPPORT
Resistance 📈
1.36743: TRENDLINE RESISTANCE
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
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Trade safely and responsibly.
BluetonaFX
USDCAD Analysis 12Oct2023In my analysis of USDCAD, I identified a potential buying opportunity in the Fibonacci retracement zone of 0.236 to the SND area. The market structure still shows a series of bullish trends, indicating a possible upward trend. However, it is important to note that this analysis will be invalidated if the price drops below a certain level. Therefore, it is essential to keep an eye on the price movement and adjust the strategy accordingly.
Hello, my analysis of the USDCAD pair. The bullish channel Hello, my analysis of the USDCAD pair. The bullish channel has been broken. We are waiting for a retest of the 1.35319 area and the 1.35006 area. We have bought from these support levels. We are targeting the denominator 1.36464. Good luck to all.
USDCAD Analysis Today Hello 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.
USDCAD Top-down analysis Hello 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.
USDCAD - Looking To Sell Pullbacks In The Short TermD1 - Price respected a strong resistance zone and bounced lower.
Bearish convergence.
Expecting short term bearish moves to happen here.
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the two strong resistance zones hold I expect the price to move lower further after pullbacks.
USDCAD SWING ANALYZE / SHORT Hello dear friends
I hope we start a very good week.
There is a good position in the currency pair of the US dollar to the Canadian dollar
And I drew two movement patterns for this currency pair.
In short, this currency pair has weekly and daily resistances, and due to the decrease in momentum, we can think about short trades.
If the drawn trend line breaks with good strength and seeing the entry trigger, we can enter the short trade
And if the price goes up, we can take the risk on the resistance areas and enter the short trade.
The loss limit should be placed behind the pivot in the first case and behind the resistance level in the second case
Thank you for telling me your opinion