Usdcadlong
USDCAD Long OpportunityMarket Structure is KING!
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Here is my analysis for USDCAD for the upcoming week, wait for price to pullback to retest resistance and take a short down to the next DEMAND area than look to go long.
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND? Market structure will give you direction.
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. CHECK FOR DIVERGENCE.
USDCAD WEEKLY OUTLOOKIf you look at USDCAD weekly chart the price has broken the upper BB level which shows the continuation this bull trend
Before we see a uptrend continuation a small retracement towards fibo 0.618 region could be expected from that region we can see price can continue its uptrend
We have mentioned targets on charts.
If any changes in plan, we will update you.
Note : This is my personal opinion ,do not take it as financial advise.
USDCAD - Daily Trade Idea - 11-May-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.
USD/CAD Finally Closed Above Historical Res , Long Setup Valid ?This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
UsdCad has broken above resistance. 1.35 next?Since June last year's low at 1.2, UsdCad has been trading upwards with a clear resistance just under 1.3 important figure.
Yesterday the pair has broken above this resistance and we can have a continuation to the upside.
1.29 should act as support at this moment and dips in this zone should be bought.
Back under 1.28 would negate this scenario
USDCAD - Daily Trade Idea - 10-May-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 Trade Idea - 9-May-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.