USDCAD Breakout Long! USDCAD was trading below
The falling resistance but now
We are seeing a strong breakout
Which makes me expect
The price to further up
Usdcadlong
USDCAD M30: Bullish outlook seen, further upside above 1.33000On the M30 time frame, a throwback to the support zone at 1.33000, in line with the Fibonacci confluence levels presents an opportunity to play the bounce with 1.33900 as the resistance target. The 1.33900 resistance zone coincides with the graphical support-turned-resistance zone and 50% Fibonacci retracement. Failure to hold above the 1.33000 support zone could see prices push lower to the next support zone at 1.32500. Prices are holding above the Ichimoku cloud as well, supporting the bullish bias.
USD/CAD likely to move up!Hey tradomaniacs,
USD/CAD has tested a strong key-support-zone which is the breakoutzone of the current major trend.
The oderflow looks bullish so far in the small timeframe, so I will give it a long trade but ofc with aggressive management until we see a break out of the current consolidation.
What do you think?
USDCADHi traders, USDCAD watch price to go around our mentioned pattern completion area and look price action with your according strategy on the bottom for a long position opportunity GOOD LUCK.
USDCAD is ready to go longUSDCAD has just finished a downtrend after a clear breakout. A new trend is starting and the target is now 1.3550.
LONG ON USD/CADPrice has been falling on this pair for some time but now it is coming up from a oversold state on the rsi with divergence.
Price also created a double bottom at a major support level/key area.
I expect price to rise to the next resistance level.
Here is the play i will be taking on this pair:
Entry - 1.33066
SL - 1.32596 47 PIPS
TP - 1.35383 231 PIPS
USDCAD Buy Opportunity- I am expecting some bullish pressure of the USD this week.
- Price may may a final bearish push that may create a bearish reversal pattern, testing the below area of support
- From there price will test the previous area of support which created the above head and shoulder (or triple top) before it broke below.
-This move is just a retracement to test that area before possibly dropping lower.
-Looking for price to test the 1.35 area.
Please, like or comment your idea/analysis !
Long USDCADUSDCAD is bouncing from support at 1.3250, I have entered into long position from that level with stop loss at 1.3210 and target profit at 50% retracement of recent down move this gives us more than 1:3 risk reward ratio.
USDCAD BuyThe market of USDCAD is near to its demand zone. Wait for the rejection on demand zone then take buy position on it. If market gives breakout to its demand zone then dont try to buy it.
USDCAD 1:20R:R 500PIPSThis for Long Term
Divergence IN RSI.
Before entering trade do your own research.
Long USDCAD from 1.3260Strong support at 1.3260 can try a long from this are with stop loss at 1.3210 and take profit at 1.3430 with good 1:4 Risk reward. Risky trade as againstLong USD the trend
USDCAD - Daily Trade Idea - 10-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.
USDCADI think the wave 4 has finished and wave 5 has started.I expect at least the market reach the level 1.4000.
Remember follow your strategy.
Thank me later
USDCAD H4Hi traders, USDCAD is setting up for a upside move i am expecting from price to come around our mentioned area and looking price action for a long position opportunity GOOD LUCK.
$USDCAD TRADE BUY SETUPMy Last trading idea was invalided.
made a mistake and did not check the state of DXY
We have hit an 4HR OB
SL is ONLY 7 PIPS WAYS.
Lets see
USDCAD H4Hi traders, USDCAD is setting up for a upside move i am expecting from price to come around our mentioned pattern completion area and looking price action for a long position opportunity, if price break 1.39753 level without hiting our mentioned pattern completion area then this setup will be invalidate.
Trade with your own strategy GOOD LUCK.
USDCADso this is a tricky area for cad the main thing is the trend is down so im looking and waiting for sell setups at the moment
now with that being said there is equal lows meaning theres a nice amount of liquidity resting below 1.34600 area so im looking for break of that for a sell or for buyers to push price up to retest that trend line area possible even retest the orderblock for a nice move down just have to wait for the setup to break structure to the downside b4 getting in
USDCAD BuyUSDCAD has successfully breakout its support level. Now if market show fake breakout then buy it.
USD/CAD likely to move up!Hey tradomaniacs,
after breakout we`ve seen a retest. Price forming support delivering a good chance to buy.
What do you think?
