USDCAD LONG - EXPECTED CORRECTION!Waiting for a retest of 1.34727 to long USDCAD back to swing highs at 1.36436.
If you agree drop a like and if you have any questions leave a comment :)
Usdcadlong
USDCAD Study Case 🧙♂️Intuition suggests price is likely to flow back up to the main weekly supply to clear out seller liquidity.
How we will get to that zone is another story.
I don't think we will push up to the zone from here. I believe price has lured buyers in after breaking the trendline marked.
So price is likely to do some manipulation to clear breakout buyers before flowing to our target.
I have done a rough illustration of what I am after but we will have to judge it as the price progresses.
I am wishing you all a fantastic trading week team!
USDCAD H4: Bullish outlook seen, further upside above 1.3580On the H4 timeframe, prices are testing a key resistance-turned-support zone at 1.3580, in line with the 23.6% Fibonacci retracement. A throwback to this zone could present the opportunity to ride the bounce to the resistance zone at 1.3680, which coincides with the 38.2% Fibonacci extension. Stochastic RSI is in the oversold region below 20, prices are holding above the 50 EMA and Ichimoku cloud, while ADX is above 25, supporting our bullish bias.
USDCAD LONG Piercing Bullish CandleUSDCAD LONG
Bullish HH HL Pattern Continuation after Piercing Bullish Candle on HL confirmed the Pattern.
Long at HL
ENTRY 1.36
SL 1.356
TP 1 1.365
Looking for USDCAD entry position!Hi dear traders!
USDCAD is ridiculously moving! No decision can be made now. We just have to wait and see which way the trend goes.
We enter the position in its corrective movement from any side that it left. The targets are marked on the chart.
It is not always necessary to trade. Sometimes it pays to wait
Be healthy and wealthy!
Do you agree with me? Tell me in comment please!
USD/CAD turns resistance into supportUSD/CAD trades within a bullish trend on the 4-hour chart, with yesterday’s low forming above a prior resistance level. Prices are also back above the 20-dar EMA and the weekly pivot point, so perhaps we have seen the swing low. Strong economic data from the US could send the pair higher on bets of a more aggressive Fed, with a soft GDP report for Canada also likely to be beneficial to the bullish bias of USD/CAD.
#USDCAD-UPDATE 380+ PIP FROM LAST SETUPDear Traders, hope you are good- we have got good entry last week on this pair and now we have got an opportunity to renter again to catch the last trend.
Good Luck and Trade Safe!!
Also Check out our previous setup on USDCAD to see how accurate we were!!
USDCAD, the breakout is confirmed.#USDCAD / 1D
Hello traders, welcome back to another market breakdown.
USDCAD has broken from the previous structure shifting from bearish to bullish. Checkout the chart for the zone I'm waiting for.
Trade safely,
Trader Leo.
USDCAD SELLWelcome . USDCAD. in a very negative state. With the price reaching a strong resistance at 1.16500. There is a lot of pressure from the sellers to bring the market down. to 1.3500 levels in the first stage. And the level of 1.13400 is good luck. Note: If you liked this analysis, please give your opinion about it. in the comments. I will be glad to exchange ideas Thank you
USDCAD
After the break of the triangle, we can now expect two targets in the ranges of 1.37496 and 1.38591. Before that, we must be careful that we have the range of 1.36995, the static resistance of the pattern, which must be broken.
After that, it is very easy to reach the first target, but to reach the second target, we have 2 resistances based on the pivot points in the ranges of 1.37810 and 1.38185, which can be a reason to build a resistance range between the two harmonic targets. .
USDCAD BuyUSDCAD seems more bullish, but I think first it will fall to there support level which will be the good sign to buy ifrejected.
USDCAD - Expect a retracement ✅Hello traders!
‼️ This is my perspective of USDCAD .
Here we are bullish from H1 timeframe perspective, so I am looking for longs. I see price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
‼️Attention!!! Due to the fact that we have news event on USD tomorrow, the analysis can be invalidated.
Like, comment and subscribe to be in touch with my content!
Loonie Dollar possibly aiming highAlright guys, USDCAD might be heading high, here are my reasons to expect further deterioration of CAD against USD:
1- Inverted head and shoulders pattern spotted
2- We have been long inside the falling wedge (The ABCD triangle) and we are on the brink of breaking out, although we need a daily closing price outside the upper border of the triangle
3- Let's just say that Canada felt the recession worse than USA did
When to buy USDCAD?
I will say it again, wait for the price to break out of the wedge however, we have one confirmation from the head and shoulders but it would be great if we just have another.
What are the targets?
Look at the white horizontal lines, lower one must break to pave way for the higher white line
Best of luck and happy trading :-)
USDCAD H1: Bullish outlook seen, further upside above 1.3520On the H1 time frame, prices are showing bullish order flow with higher lows and higher highs formed. A throwback to the support zone at 1.3520, in line with the 23.6% Fibonacci retracement could present an opportunity to play the bounce, with 1.3650 as the resistance target. Prices are holding above the Ichimoku cloud, and Stochastic RSI is in the oversold region below 20, supporting the bullish bias.
USDCAD - Potential Upward MovementUSDCAD will continue its upward movement until it hits the 2nd supply zone.
USDCAD - 200 EMA as support line - BUY!The price is going to jump as soon as it touches the 200 EMA line, which serves as a support line. Entry is at 1.34283, the stop loss is at 1.33142, and the take profit level is set at 1.36584, indicating a potential profit of 230 pips.
OANDA:USDCAD
USDCAD LONG - PULLBACK OVER SOON!Waiting for a pullback to retest 1.34403 or 1.33805 to long USDCAD back to 4H swing high at 1.36147
If you agree drop a like and if you have any questions leave a comment :)
USDCADThough the long term outlook is bearish, there are signs of a short term bullish correction targeting the 1.36 region. On the 4HR we have a change of character (choch) and break of structure (BOS). We anticipate a move to the downside targeting the unmitigated zone to pick buy orders then resume the bullish correction.
