Usdcadlong
🔴 EUR/USD : 11.29.22 (Update)I still have a Bearish view on the EURUSD chart and I think it will fall more! The first target will be 1.0222 !
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 11.29.2022
⚠️(DYOR)
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USDCAD - Daily Trade Idea - 29-Nov-22USDCAD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
USDCAD - Daily Trade Idea - 22-Nov-22USDCAD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
USDCAD buying opportunity | 21 Nov 2022USDCAD saw a downtrend until it came to test the 1.32200 support zone, where we also saw a double bottom formation with a break above its neckline at 1.33200. Price rebounded, only to tap the 1.33200 resistance zone, and proceeded to oscillate between the two zones between 14-17 November. Finally on 17 November, weak Canadian inflation and buoyant US retail sales data provided a strong fundamental upside momentum to USDCAD, which pushed prices past the 1.33200 resistance turned support zone. We forecast price to continue along the bullish trend to the next resistance zone at 1.35500, which coincides with the 100% Fibonacci retracement level. There is a buying opportunity when price approaches the lower bound of the bullish channel. Prices are lying above the Ichimoku cloud as well, supporting our bullish forecast.
USDCAD Analysis Week 11/20-11/25 2022On USDCAD, I used a simple Top-down analysis of the Daily, 4H, and 1H time frames. On the daily we can see a start if a potential downtrend, but was met at a daily support level. On the 4H we can see price rejecting multiple times from this daily support. Thus, giving us a clear indication that buys are active in the market. We will look at our 1H time frame this week to find buying opportunities.
USDCAD - Daily Trade Idea - 21-Nov-22USDCAD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
USDCAD ON BULLISH RALLYGood day traders
As we are looking at USDCAD, we can see it on a bullish uptrend on a weekly market, and we go to one hour chat we see it playing around the trend giving us a signal to buy it, going to 4H chat we notice the market giving us a double bottom and also retesting our entry points.
USDCAD - Short bearish orderblock ✅Hello traders!
‼️ This is my analysis on USDCAD.
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish orderblock + institutional big figure 1.35000.
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