Usdcadsetup
USDCAD possible buy zone!!USDCAD has formed a bullish engulfing on the weekly timeframe in the direction of the up trend. On the daily, there is an inverted head & shoulder visible. On the retest of the neckline of daily inverted head & shoulder, a long trade is possible!
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USDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD possible sell zone!!USDCAD( D ) has formed another bearish engulfing in the direction of a daily downtrend from daily 20EMA. There has been already a series of bearish of engulfer in the direction of the trend with a series of lower highs. A possible sell opportunity may arise upon the close of the daily candle with a lower low.
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!!
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USDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD short is valid 💲🍁USDCAD short trade in progress.
Reversal trade identified.
Working H1 timeframe.
Trade details can be found on the chart in red label.
Trade box is tracking the trade.
Let's see where this trade finishes up.
Thanks for looking
Fancy knowing how I identified this trade you know what to do.
Darren🙌
USDCAD - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on the chart.
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments respectful.
Thanks for your support....
USDCAD Sell - Downtrend ContinuationUSDCAD Sell/Short, Continuation of Downtrend.
Entry: 1.29454
1) Has lined up with golden level 0.618 Fibonacci retracement level for recent swing high
2) Top of a short term bear flag channel and short term recent resistance
Stop Loss: 1.29834
1) Above 0.786 Fibonacci retracement level
2) Just above some swing highs on Daily Chart
Take profit (3): 1.27059
TP1 1.29044
TP2 1.28235
TP3 1.27097
USDCAD: Buy dips!USDCAD
Intraday - We look to Buy at 1.2850 (stop at 1.2790)
Previous support located at 1.2900. Previous resistance located at 1.2950. There is no clear indication that the upward move is coming to an end. Risk/Reward would be poor to call a buy from current levels. A move through 1.2950 will confirm the bullish momentum.
Our profit targets will be 1.3000 and 1.3025
Resistance: 1.2950 / 1.3000 / 1.3025
Support: 1.2900 / 1.2850 / 1.2800
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USD/CAD Made Head&Shoulders Pattern,Short Entry After 4H ClosureThis 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