Get started

Usdcadsell

Potential reversal in USD/CAD; hitting the top of the channelUSD/CAD is moving within an ascending price channel for the last few months. The best level to sell would be after the price hits the upper trend line of the channel. My recommendation is to wait for the price to touch the upper trend line. The area between 1.3150-1.3220 would be of interest to me. Potential sellers must wait for price rejection at the level mentioned above before placing sell orders. However, there is also a chance that the price may not reach that level and it may already start falling before that.
Short
by YourLazyTrader
3
Jamie Gun2Head Idea - Selling USDCADTrade Idea: Selling USDCAD Reasoning: Price stalling near trend line resistance, current trend remains bearish Entry Level: 1.2874 Take Profit Level: 1.2760 Stop Loss: 1.2901 Risk/Reward: 4.22:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
USDCAD preparing for a big dropUSDCAD ( Daily) has created a head & shoulder on the daily and strong bearish price action. It is highly likely that it will have a big drop in the monthly support zone. As per price action shown on the daily, we have seen back-to-back 2 bearish engulfing has formed. Also, we have 10EMA and 20EMA cross-over on a daily time frame. We could see a potentially larger drop in the monthly support/trend line. A selling opportunity may arise later today!! If you like this analysis don't forget to drop a comment and like the idea. Thank you for your support!
Short
by ForexWizard01