USDCAD Short4h
-structure: down trend
-minor trend: up trend
Pattern
-Head n Shoulder?
-breakout of ascending tl, below support
-waiting for retest of new resistance
=Sell
Usdcadsell
USD/CAD SELL SIGNAL
Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: ALL TRADES today especially major-pairs are very risky ahead the ADP-Figures!
USD/CAD: Daytrade-Execution
Market-Sell: 1,31370
Stop-Loss: 1,31705
Target 1: 1,30860
Target 2: 1,30680
Target 3: 1,30440
Stop-Loss: 37 pips
Risk: 0,5% - 1%
Risk-Reward: 2,45
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Peace and good trades
Irasor
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Perfect Short setup for USDCADUSDCAD is looking primed for a sell off.
You can see price action has perfectly retraced to the 61.8 fib extension, and has been immediately met with selling pressure from the bears.
This in confluence with weakness of the DXY has setup for a perfect short opportunity for this pair.
Stops above the prior wick highs, take profit at 1.2929
Hope this helps.
USD/CAD 03.09.2020Open Position: Sell 1.31165 (valid until 07.09.20)
Take Profit: 1.29944
Stop Loss: 1.32009
USDCAD Wedge its clear USDCAD goes down more and more
maybe just it came up a little and then again goes down, you can wait to when it toch up-line and start new sell.
USDCAD HUGE DECREASELoonie and The Funds, Are you seriously gonna decrease to 1.13216? let's wait and see, it is hard to believe but that's what I see from the future of USDCAD , Canadian Dollar looks to be so thirsty to increase dramatically.
You never quite know where the next big wave or gust of wind is coming from, but you know it is out there.
USD/CAD 30.08.2020Open Position: Sell 1.31384 (valid until 02.09.20)
Take Profit: 1.30946
Stop Loss: 1.31749
USDCAD - BEARISH BIASUSD - BEARISH
1️⃣ A shift in Fed's monetary policy framework announced on Thursday also weighed on investors mood. The Fed will allow a more flexible inflation target, meaning rates can stay low for a longer period despite rising inflation.
2️⃣ Conference Board consumer confidence came below market expectations.
CAD - BULLISH
1️⃣ The Canadian dollar appreciated further as oil prices have been hovering around five-month highs after US oil producers shut most of their offshore output in the Gulf of Mexico as hurricane Laura made landfall in the region.
2️⃣ Powell’s dovish comments, the upbeat market mood continued weighing on the greenback.
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TECHNICAL
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- We are looking to short USDCAD on SBR level on H1 chart.
- USDCAD in bearish zone.
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RISK TO THIS TRADE
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- Decline in oil prices will take this trade to hit stop loss.
Short USD/CAD
USD/CAD have been on a solid downtrend since around June 2020, utilizing the H1 chart i'm looking to go...
Short @ 1.31746
Stop Loss @ 1.31781 (35 Pips)
Potential Take Profit @ 1.30394 (135 Pips)
USDCAD, SHORT!*ENG*
- Price breaking our consolidation box.
- Possible entry at the closure.
- For a safer approach, look for a retest of the zone.
*PT*
- Preço a quebrar a nossa box de consolidação.
- Possível entrada neste fecho da hora.
- Para uma entrada mais segura, poderá sempre aguardar pelo retest da zona.
USDCAD Short1. Waiting for 30M candle to break and close below
current support @ 1.32110.
2. Clean candle all the way down to TP @ 1.31700
3. SL will be above the last bullish candle before
before markets broke and closed below support
4. 50% Partial close will be done @ 1.31900
5. Runner will be left to 1.31700
Look for Short entry on USDCADWait for an rejection or wick in this area then wait for that rejection to close, then take the trade or place a SELL limit.
USDCAD has all the chances to continue the decline to 1.30400USDCAD has all the chances to continue the decline to the 1.30400 area. There is no buying resistance on the weekly chart.
200+ PIPs 1.29500 is a key strong level that has been respected as both support and resistance before as marked on the chart by my purple arrows, price has hit this level and bounced numerous times making it a very strong level.
Now as this level is 200 pips away i am selling down to this area where i will look at taking BUY trades, So bears should push price down to this level before bulls step back in.
If you would like any help trading just send me a message :)
Lots Of Love Laura x
USD CAD ANALYSIS & FORCAST FOR THIS WEEK & SHORT TERM
Please share with me your thoughts
With kind regards
USD/CAD Technical Analysis
The counter has been trading with a bearish bias for long.
The down move can be plotted with a pitchfork and the pair is making its last leg of the move down.
Hence, we advise traders to go long at the lower parallel.
And the upswing has a great chance to break the upper end of the range.
USDCAD SHORTPlease note we have posted a BUY Idea on 1H time frame. (refer related idea)
The 4H USDCAD looks bearish currently going up to retest the trendline as well as the Daily resistance which is strong enough to reverse the price.
Fundamentally, USD has displayed some temporary strength which could last only until the daily resistance.
The First target is immediate support, second target is the next major support.
If you like our ideas, please support us with a like, share, follow, and comment
USD/CAD Wave Analysis
As suggested earlier in our premium analysis, the counter is currently in a bull cycle.
It has completed wave B and is showing exhaustion at the lower level.
Hence, we expect the pair to kickstart its wave C from here.
USDCAD reversed from resistance, potential drop!
USDCAD reversed off its resistance at 1.33598 where it could potentially drop further to 1.33005.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD likely to drop USDCAD has been rejected from the key EMA once again. Price is likely to drop to 1.3240 again.
Institutional Sell Profitable RR ratioPayed out on the chart USDCAD has been seceding with lower lows followed by daily rejection. We are expecting the pattern to continue and the market to make a new low.
