Usdcadsell
Is the channel going to hold for the USDCAD?The dollar cad tested the bottom of the channel like we predicted and moved up higher, it has now tested the top of the channel and faced some rejection, are we going to see a break out?
BEAR CASE
Until proven otherwise, our bias is to the downside. We expect to see it test the bottom of the channel once more and if it faces rejection there or before there, we know a major upmove is coming for this pair.
BULL CASE
If a breakout happens, we're targeting 127 to put up some resistance.
USDCAD short intra day areaWill be watching price at current area to see if we can get a pull back move back to the downside.
USDCAD SHORTHey Traders, we are monitoring USDCAD for a selling opportunity around 1.125 zone. Once we will receive any bearish confirmation the trade will be executed.
Trade safe and use Proper Risk Management.
Joe.
USDCAD SELL SET UPI know to a lot of ppl this was a buy set but I have a different perspective on this based on my pattern trading strategy and to support my idea we have the Dollar index showing us USD weakness for weeks to come. I hope this makes sense but above all the analysis says volumes.
USD/CAD:PRICE ACTION | NEW BEARISH SETUP READY...The DXY index continues to rise and the USD/CAD pair retreated again after the US Non-Farm Payrolls surpassed expectations and the US dollar rose to daily highs.
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USDCAD: Elliot Wave of USDCADthe end of 5th wave down trend and end of B wave at 1.22025=FIB 0.786 wave A and we going to uptrend to end of wave C of bigger wave.
USDCAD: Market ShiftRecently price shifted from bullish to bearish, however, the order block that broke the high is yet to be tested.
If we manage to hold the OB then I will look for buys higher.
If the OB is disregarded, we can attempt to sell the market from new areas of demand.
Leave a thumbs up and comment what you think below.
Possible Short opportunity on USDCADAccording To Fibo Extension + Channel
USDCAD VS OIL Price
TP And SL
USDCAD SHORTS TAKEN!USDCAD I've taken a short position risking ONLY 1%, I'm looking at targeting around 1.23200 where ill be looking for possible long trades depending on price action.
Usdcad Sell setup with Stop loss HuntingPeople using stop loss on high point people expecting sell from supply but i m expecting after stop loss hit then reversal
USDCAD intra-day shorts Here on USDCAD Ill be looking for a short position if price can reject the top of this consolidation range I've drawn on and then look at taking out 1.23000 again where ill then be looking at possible buy trades.
USDCAD: Succesful Manipulation EntryWe knew it was coming, as predicted in our related ideas below.
As soon as it came, we jumped at the opportunity and got involved in swing buys with a tight stop loss.
I now expect this move to rise up to 1.26, AT LEAST.
Hopefully, you guys managed to catch the same move.
USDCAD more downside coming!The dollar cad traded is largely range bound this week. The coming week should see a break of trend to either side but our bias is to the downside as structurally on the longer term charts, it looks bearish.
BEAR CASE
If bears find conviction, we should see a retest of 1.2 before some consolidation and more downside.
BULL CASE
As we enter the first week of November, do not be surprised to see price retest 1.25 before the bear case is fulfilled.
USDCAD - H4 - Bearish reversal USDCAD - H4- Price broke multiple demand zones yesterday and voided my long bias off the daily chart. Now im looking at more downside on this pair before a big bullish rebound.
USDCAD: Buys AvailablePlease refer to my related idea to get a better understanding of the long term vision for this pair.
I would love to buy this pair here but I am fearful that retail is buying heavily here leaving this area open to manipulation.
I think it would be sensible to wait for a deeper retracement before we buy up into our target area.
What do you think of this setup?
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USDCAD pivotal points (long term sell)USDCAD previously rejected a major support/resistance level as well as a weekly fib level and the weekly 200ema.
The way i trade is from one major level to another, so the next tp is 1.20255. But before that, i knew that price could stop and react to this 1.2300 support level , which it did. i entered after seeing the 1H and 4H charts were illustrating a rising wedge , which is a sign that price is indeed going back up, temporarily. The rsi on both timeframes was below 30 (oversold) and the rsi on the 4h was even showing divergence .
I took opportunity of this retracement to what’s most likely a fib level to enter a short term buy before we continue down. Once the buy TP is reached, i’ll look for signs of rejection and take it back down to the original sell TP .
USD/CAD Forecasted Hit 75% Profits Bagged in. (6th Dec 2020)My educational Analysis worked perfectly in 4 hr and 15 mins timeframe. And it took with the help of a pitchfork tool.
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USDCAD: Next ImpulseI expect profit-taking today after a severe sell-off.
I would like to see an impulsive move from this region here with the momentum from London open.
What do you guys think?
USD/CAD SELL IDEA#daytradeHey tradomaniacs,
USD/CAD:Daytrade-Preparation
Market-Sell: 1.23365
Stop-Loss: 1.23535
Point of Risk-Reduction: 1.23230
Take-Profit: 1.22705
Stop-Loss: 16 pips
Risk: 0,5% -1%
Risk-Reward: 4,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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USDCADThe USD/CAD is trading below the important 1.25000 juncture this morning. After rapidly declining below the level before going into the weekend and hitting a low of nearly 1.24500 on Friday, the USD/CAD opened trading yesterday and continued to assault its lower depths and hit a mark of approximately 1.24440. As of this writing, the USD/CAD is near the 1.24800 level, after hitting a high of nearly 1.24970 earlier today.
Technical traders will need to look at three-month charts to gain a perspective on the current value of the USD/CAD. In early August and late July, the Forex pair traded within its current vicinity. On the 30th of July, the USD/CAD traded near the 1.24200 juncture, but it should also be remembered that in May and June of this year the pair was traversing within the 1.20000 to 1.21500 range rather comfortably.
While technical traders who refuse to look at news events as a factor might not want to hear about it, the fact that energy prices are on the rise and the knowledge that Canada is a major exporter of crude oil and natural gas is certainly a factor within the price of USD/CAD. The broad Forex market has actually been seeing a stronger USD in many cases against other major currencies, and the intriguing prospect that the Canadian dollar is not correlating and is actually the stronger currency makes for a dynamic trading environment short term. The question is how long the USD/CAD can produce results which do not correlate to the broad market.
Technically, if the USD/CAD continues to sustain its price below current resistance levels near the 1.25000 level it could prove to be a significant bearish indicator. However, due to the considerable volatility displayed in the USD/CAD the past week, traders should expect the possibility for rather fast reversals higher on occasion.Nervous conditions technically combined with rather exuberant market conditions in the energy sector will likely cause a rather choppy trading range, but there is no denying the trend has been a downward trajectory for the USD/CAD.
On the 20th of September, the USD/CAD was trading near the 1.29000 juncture, which serves as a prime example for speculators to contemplate the potential volatility the Forex pair can produce in the span of a few weeks. If current support levels near the 1.24650 to 1.24550 levels begin to be challenged, traders may believe the 1.24400 mark can be targeted. If this lower support ratio sees a test in the short term, it is conceivable the USD/CAD could target lower values near the 1.24200 juncture.
