USDCAD Idea H1Here is my view for USDCAD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Usdcadlong
USDCAD | A BEARISH REVERSAL?USDCAD | BEARISH REVERSAL
USDCAD has formed a short term top at 1.33084 where daily closing gives a rejection candle indicating a bearish reversal sign.
On the shorter timeframe, the USDCAD has shown multiple bearish sign which gives weight for further downside atleast for short term (if not reversal)
1. Formation on Head and Shoulder Pattern
Head n Shoulder is a reversal pattern and is more effective when formed near top resistance after a bullish rally. In our case, we have seen good bullish rally in USDCAD then testing the top and failed to break above it. Since the formation is on lower timeframe the pair can move short term in downward direction.
2. Break of Key Support Trendline.
USDCAD has been respecting the key level of rising support trendline where every time price moves in the direction of trendline, bulls give respect to it and raise the price from there. But recently we have seen a clean break below from trendline indicating the bulls are exhausted and might remain absent from the scene atleast for the shorter term.
3. Appearance of Bearish Divergence on Key Resistance
Divergence has always been a key indicator in catching the bullish/bearish reversal specially after forming on top. This time the divergence has appear on RSI where price is making higher high and indicator is making lower high; a sign of bulls tiredness. We may see a fall once the highlighted support is broken
TRADE PLAN:
One can adopt sell on strength strategy with just 50 pips stoploss from the current level.
First Target is 70 pips below the current level while one can play for further downside if bulls remain absent from the scene.
Let us know what do you think of the idea in comment sections.
USDCAD Long H4Market Structure: Uptrend
Area of Value: Bounce on trend line(ema50)
Entry: Bullish candle after trend line
Exit if Right: Tranches in TF
Exit if Wrong: Below previous swing low. Invalidation of trend
RRR: 1:2
Note: This is backed by fundamentals of a weak CAD due to employment change
USDCAD LONG H4Market Structure: Uptrend Market
Area of Value: Break of Resistance
Entry: Bullish candle after resistance
Exit if Right: 2 Tranches in TF
Exit if Wrong: Below previous swing low. Break of structure
RRR: 1:2
USDCAD - Daily Trade Idea - 16-Sep-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, TP 2 , TP 3 and EXIT (SL) 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 and only enter if we have the final confirmation for entry.
USDCAD 4HR LONG SETUPUSDCAD has broke the resistance at 1.32 level and we will likely be taking a long position for a week or two, or even a whole month
USDCAD - Daily Trade Idea - 15-Sep-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, TP 2 , TP 3 and EXIT (SL) 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 and only enter if we have the final confirmation for entry.
USDCAD DAILY SETUPUSDCAD retreated from the 50% Fibonacci point back to the 0% point and it gives the pair two options, forming a Tripple top both on the 4 hour and the daily time frame falling back to the 61,8% fib point, or breaking the resistance point (purple box) which has been the top for several months now making further moves to the upside.
USDCAD - Daily Trade Idea - 14-Sep-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, TP 2 , TP 3 and EXIT (SL) 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 and only enter if we have the final confirmation for entry.
USDCAD 4HR LONG SETUPUSDCAD has formed a W shape at the 50% Fibonacci lines which may give it a chance to return to the 23,6% level
USDCAD possible long for 1.3120Demand zone for long 1.2955 & 1.2906. split your risk into two positions by dividing risk equally 0.5% each. stop loss 1.2870, target: 1.3120
USDCAD - BIG MOVE INCOMING!Waiting for a pullback into the 50% fib level and a test of 163.693 to long GBPJPY back to swing highs at 168.000.
If you agree drop a like and if you have any questions leave a comment :)
usdcad ready to reversal are you ready ?usdcad ready to reversal are you ready ? i m expecting bullish move short term
USDCAD Multi timeframe analysis,UPDATEDHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
Press like button if you enjoy this content 😊
LONG USDCAD ✅✅✅Hello traders!
✅ This is my trade on USDCAD .
Here I expect bullish price action, as I said in my analysis, price filled the imbalance and rejected from bullish orderblock + institutional big figure 1.30000.
Like, comment and subscribe to be in touch with my content!
USDCAD: Dollar still strong!USDCAD
Intraday - We look to Buy at 1.2980 (stop at 1.2920)
Previous support located at 1.3000. Previous resistance located at 1.3050. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 1.3050 will confirm the bullish momentum.
Our profit targets will be 1.3100 and 1.3150
Resistance: 1.3050 / 1.3100 / 1.3150
Support: 1.3000 / 1.2980 / 1.2950
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USDCAD*Everything is mentioned on the chart. I hope it is easy to understand.
*Don't jump in to trade at the beginning of the market. let it get settle for 15-20 min first and judge price action.
*Avoid gap up or gap down chase. Wait and trade between level.
Note :Trade with strict stop loss. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action work near that level.
Only for educations purpose.
USDCAD Multi-timeframe analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
Press the like button if you enjoy this content 😊
usdcad continue up because uptrendusdcad continue up because uptrend market gave ralley base ralley we expect bullish move continue because htf trend is bullish
USDCAD - Daily Trade Idea - 7-Sep-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, TP 2 , TP 3 and EXIT (SL) 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 and only enter if we have the final confirmation for entry.
USDCAD Uptrend Long!USD-CAD is trading in a up channel
And as the pair is going down
To retest the support leve at 1.30771
I think we will see a bullish rebound
And a move up to retest the
Rising resistance of the up channel again
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD
USDCAD is going up quite a bit right now. That's because OIL is down quite a bit and POWELL'S HAWKISH COMMENTS UPDATES came. They have been working to make USD STRONG in recent days. Due to this reason, STOCKS can move DOWN SIDE if the USD becomes STRONG like this.
Right now, there is a very good BUY towards the UPSIDE because US DATA and UPDATES are POSITIVE. We think it will go down to the 1.3320 level before going down again with MARKET RISK ON SENTIMENT.
Somehow USDCAD will likely SELL up to 1.2827 LEVEL. We wait until the DOWNSIDE TREND CONTINUES. FOLLOW THE STRUCTURE GIVEN. usdcad
