USDCAD - Daily Trade Idea - 27-Jul-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.
Usdcadlong
⁉️ USDCAD - Market AnalysisHello traders!
⁉️This is my analysis on USDCAD .
Here we are in a bullish market structure, so I am looking only for longs. I expect the price to continue the retracement to fill the imbalances and if the price rejects from bullish orderblock + institutional figure 1.26000 I will open a long position.
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USDCAD H4: Bearish outlook seen, further downside below 1.2820On the H4 time frame, prices are facing bearish pressure from the resistance zone at 1.2950 which coincides with the graphical support-turned-resistance zone and 38.2% Fibonacci retracement with further downside risks seen. A break below the intermediate support level at 1.2820 would provide the bearish acceleration to our support zone at 1.2680. Ichimoku cloud is showing signs of pressure as well supporting the bearish bias.
USDCAD: Buy dips!USDCAD
Intraday - We look to Buy at 1.2900 (stop at 1.2840)
Previous support located at 1.2900. Previous resistance located at 1.2950. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 1.2950 will confirm the bullish momentum.
Our profit targets will be 1.3050 and 1.3100
Resistance: 1.2950 / 1.3000 / 1.3050
Support: 1.2900 / 1.2850 / 1.2825
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USDCAD - Daily Trade Idea - 25-Jul-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, back to the top for the next bearish impulse. Hi Traders,
USDCAD overall looks bearish and we should see short term correction before sellers push down to lower boundary. On HTF price impulsively pushed down from upper boundary and it does not seem to be forming a bearish continuation structure yet a reversal channel which we can see the price make its way back up for a higher probability opportunity.
Thanks
Trade Safe!
Long opportunity on USDCADUSDCAD reacts to a support level. Opportunity to buy? Only time will tell if this play works out.
Please see reason below.
1) USDCAD in an uptrend with key swing highs and lows
2) Support level shows to be respected
3) Moving back towards an uptrend
1:1.5 Risk to Reward targeted
Happy Hunting!
USDCAD - Daily Trade Idea - 19-Jul-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 BUYI shared an analysis on this pair some hours ago anticipating an H4 order block which didnt play out as expected. From H1, we can see an equal low which was suppose to hold again as TrippleBottom but as you can see in the chart, there was a stop hunt which further confirms a bullish move. Don't forget to risk between 1-3% of your balance per trade.