USDCAD feels like the top range of the wave 4 for meThe dollar cad is perfect for a short right now. It looks like the upper range of the wave 4. However expect choppiness, this move down will not be easy. I'm looking enter a short at around 1.26
Usdcadsetup
USDCAD Sell trade opportunitiesUSDCAD Sell trade opportunities
its Fail to break the resistance level expecting move down to next support Level
USDCAD going LongAs we can see the major trend of USDCAD is bullish and we can see some rejection on the trendline. I think its a good R:R setup for going long on USDCAD. What do you guys think?
USDCAD Possible Sell setup from USDCAD,
from @1.26533
to @1.23926
I consider trend of the market as a bias for this setup as sell trade on strong resistance at the zone from 1.26533 to 1.26733
Note; this is my analysis bias, confirm your analysis bias before make any decisions and your proper risk management
USD/CAD CHART 4HR SELL SET UPHi everyone this is my trade set up for the USD/CAD
USD/CAD only looking for a sell trade if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
USDCAD broke down as expected. Looking for the next short!The dollar cad broke down farther as we predicted last week. Price has since seen a retrace and we will be camping out for a next short. This short will be messy and we will take short scalping moves as the price action is in a wave 4 correction, looking for the final wave 5 down.
USDCAD Pivotal Trendline TestIn this update we review the recent price action in the USDCAD and identify a couple of high probability trading patterns to take advantage of
long USDCAD Analysis USDCAD reaching a D Timeframe Volume cluster as Support. The Support zone is an area where previously uptrend (Bullish) Started. The downtrend is overextended as well. Might see a pullback to the resistance zone marked. A 2Hr timeframe Divergence on MACD is also forming. Waiting to see good price action. Good Luck !
USDCAD Tradingview H1Here is my view for USDCAD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USDCAD TradingView H1Here is my view for USDCAD on h1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USDCAD Correction In A CorrectionIn this update we review the recent price action in USDCAD and identify the next high probability trade location and targets
USDCAD Idea H1Here is my view for USDCAD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Trading Idea Regarding USDCADAccording to my analysis USDCAD is going down for upcoming week once it break support zone
1-Head and Shoulder chart Pattern indicating bearish behavior for upcoming week
2-Price Break The Uptrend Line and Retest the trend line which now acting as raising resistance line
Warning:
If this pair failed to break support then most probably it move up by making double bottom chart pattern so trade only when candle close below the support area
USDCAD Idea M15Here is my view for USDCAD on M15. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USDCAD Idea H1Here is my view for USDCAD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USDCAD Idea H1Here is my view for USDCAD H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USDCAD 1H Short after deep retracementUSDCAD 1H Short Setup after deep retracement. There is an untested resistance zone between price and the entry but I expect price to trade thought this level to fill the imbalance that has confluence with the trendline and broken support level. This would also serve as a stop hunt above previous highs.
Entry 1.2760
SL 1.2784 (24 pips)
TP1 1.2696 (64 pips @ 2.6 RR)
TP2 1.2630 (130 pips @ 5.4 RR)
TP3 1.2580 (180 pips @ 7.5 RR)
USDCAD Idea D1Here is my view for USDCAD on D1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe and happy new year!
usdcad long 4hrsusd cad has a great support and expect a great reversal point in long entry
advance happy new year happy trading
waut for the breakout
usdcadThe marked points are likely to react to these surfaces in the marked areas.
buy or sell
The direction of the market is indicated by the arrow line
USD/CAD Forecast: USD Drifting Lower Against CADThe US dollar rallied ever so slightly on Friday against the Canadian dollar but did give back quite a bit of the gains to form an inverted hammer. While it was a slightly positive candlestick, the reality is that we are probably going to go looking a little bit lower for some type of support that we can take advantage of.
If we break above the top of the Friday candlestick, then I think the market will probably go looking towards the 1.30 handle, which is my longer-term target. The 1.28 level looks to be a potential support level, so I am going to watch this over the next couple of days and see if we get a bit of a turnaround. If we do, then I am willing to get long again as well. That being said, the lack of liquidity over the next couple of days will make reading too much into the candlesticks a bit dangerous, so I will also use the oil markets as a proxy for what could happen next as well.
The market being able to break above the 1.30 level could kick off a longer-term “buy-and-hold” situation, but that something that would more than likely happen well after New Year’s Day. That is why I am using the candlestick for the session on Friday being broken to the upside as a starting point, but I would not put huge amounts of money into this market. That being said, if we do get that move and then eventually take out 1.30, then I would become aggressively long.
To the downside, if we take out the 50 day EMA, then I will start shorting and aiming towards the 1.24 level underneath. Needless to say, we would probably coincide with a rising oil market, but we do not necessarily have to. With that in mind, I have a couple of parameters that am paying close attention to and will be acting upon. The next couple of days will more than likely be more along the lines of observation, but if I do get that trade triggered, I would use a position that would be equal to 25% of my normal risk just due to the fact that the illiquid conditions can cause massive spikes sometimes.
