USDCAD Trading Plan - 20/Feb/2024Hello Traders,
Hope you all are doing good!!
I expect USDCAD to go Down after completing this correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Usdcadsell
USDCAD, It can be sell opportunity
Well as you can see the price created the inversion FVG at the 4-hour chart.
Now, if the price stays below this inversion we can target the sell-side liquidity.
On the other hand, if the price tries to move higher, liquidity above 1.36188 can be the price target.
💡Wait for the update!
🗓️21/02/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
USD/CAD still selling offEarlier I posted a USD/CAD SHORT trade which was unforunately blocked because of a TV house violation I was unaware off bit one that I fully understand.
I had an initial target for this trade at 1.3492 which we have reached.
There's no sign that this pair have finished selling off following the major Retail Sales shock out of the US.
Core Retail Sales were expected in at +0.2% but missed by an astonishing 8 points to come in at -0.6%.
This has seriously impacted all USD pairs and as I'm in this USD/CAD SHORT I see no reason to close the position just yet.
My next target is 1.3470.
USDCAD - Still bullish ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I want price to go a little bit lower to fulfill the imbalance and then to reject from support zone for a long position.
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USDCAD !!! 31/1/24 TREND DOWN ! SELL NOW ⭐️ Smart investment, Strong finance
⭐️ USDCAD INFORMATION:
During the early Asian session on Wednesday, the USD/CAD pair ends its four-day losing streak. The recovery of the pair is supported by positive US job openings and consumer confidence data, which contribute to the strengthening of the US dollar (USD). The focus is now on the Federal Reserve (Fed) monetary policy meeting scheduled for Wednesday, where no changes in interest rates are expected. Currently, USD/CAD is trading at 1.3405, showing a 0.04% gain for the day.
Unexpectedly, the number of available jobs in the US increased in December to 9.026 million, as reported by the Bureau of Labor Statistics on Tuesday. This marks the first time that job openings have surpassed 9 million since September. In addition, the Conference Board Consumer Confidence index rose to 114.8 in January, compared to the previous reading of 108.0, reaching its highest level in two years.
⭐️ Personal comments NOVA:
The long-term price range is still in a DOWN trend, the next bottom is gradually lower than the previous bottom. Touching the trendline sets up a SELL signal. CAD economic data also does not have much important information
⭐️ SET UP PRICE:
🔥SELL USDCAD zone: 1.34200 - 1.34350 SL 1.34800
TP1: 1.33900
TP2: 1.33600
TP3: 1.33300
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
USDCAD H4 / PERFECT HIT OF THE OB / SHORT TRADE ACTIVE ✅Hello Traders!
This is my idea related to USDCAD H4. I see a small accumulation at the moment, I expect a bearish move taking into consideration this accumulation in the area of the OB.
The target is before the FVG.
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SELL USDCAD FROM RESISTANCE ZONE !!!HELLO TRADERS !!!
As i can see this pair USDCAD formed a double top pattern after a test of a solid horizontal
resistance on an hourly time frame.
I expect a retracement till design Tps
Friends its just an trade idea kindly share ur thoughts with us in comment sessions
USDCAD - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here I think we have a good short opportunity from premium zone if price continues to go higher to fill the imbalance and then to react from institutional big figure 1.35000.
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"USDCAD: Bearish Momentum Persists with Target Set at 1.31418""Current market analysis indicates a bearish outlook for USDCAD , with a specific downside target set at 1.31418. The bearish sentiment is supported by the risk level set at 1.32723. The decision is rooted in the observation that the previous low at 1.30924 served as a successful target, leading to the belief that the currency pair is likely to head in that direction once again."
#USDCAD= Beginning of the big trade! FX:USDCAD possible downtrend to continue towards 1.3200, as price have shown significant bearish pressure in last few days of the week. while dxy remain bearish cad has gained vast majority of bullish interest and it is likely that this is just beginning of downfall for USDCAD.
Good Luck
USDCAD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking only for shorts. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 1.35500.
Fundamental news: On Thursday we will see the results of Interest Rate on GBP and EUR.
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USDCAD : Short Trade , 4hHello traders, we want to check the USDCAD chart. The price is moving in a descending channel and has pulled back to a key level that the price has reacted to several times in the past. We expect this level to play the role of a support level and maintain the downward trend of the price. We expect the price to fall to around 1.34900. Good luck.