Usdcadsetup
1.30 in sight for USDCADThe macro sentiment for the dollar is clear, we are expecting upside in 2022 and the fear is the market due to the OMNICRON strain as well as the fed's hawkish stance is accelerating this. Unless there's a macro uturn in the fed's policies, we should see price reach 1.30 some time soon.
USDCAD short area!!I'm still holding the bias of seeing a further push down but now its just getting into the best entry point, after been stopped at breakeven from last night ill be watching for entry's again today! Price usually gives you more then one opportunity and we still haven't broken upside trend structure so I defiantly wouldn't look at taken shorts from current price, be patient and snipe those best entry points. Good luck!
USDCAD ( IT'S ALL ABOUT SNIPER ENTRY)Break of structure for potential downside movement , worse scenario is when price violates and continue to the upside due to higher tf point of interest above that are likely to be tested { we might extend the sl for the safety just depends on how price will react }
USDCAD SHORT TRADE UPDATESo hopefully some of you guys may be in this trade, as expected price is pushing down and looking like we may see a deeper pull back to go with the overall uptrend or possibly making a reversal for some further downside. Even though I'm not in the trade I will update later in the week.
USDCAD STILL HOLDING SHORTS UPDATE!Firstly I apologies for my voice I'm currently trying not to lose it LOL, anyway I've still got my short trade open but moving stops to breakeven, we seen price get a bit choppy Friday and I do expect weakness from the dollar... so a sell off or push down on USDCAD I feel is coming, the hard part is getting the best position with the lest risk. Ill monitor price at the start of the week and if I get stopped at break even I will start to map out next short areas.
USD/CAD 4HR CHART BUY SET UPHi everyone this is my trade set up for the USD/CAD for the new week ahead
USD/CAD i think will push higher i am expecting a pullback to the order block zones and will be looking for a buy trade
look for pullback to zones lined off on chart then 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