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Usdcadsetup

USD/CAD Buy Opportunity Technical Overview: - USDCAD has been on a bearish run past the few months leading up to January. We know this is a monthly trend that many people have sold based off and many people have swing trades positions to the downside. The markets is not yet done, we may have more downside to around 1.2600 Zone which would be a much better R:R at a discounted price. Fundamental Overview: - DXY is gaining bullish momentum because of recent high impact NFP news and unemployment change rate. Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
Long
by FlyDownX
1
USDCAD - Full Analysis - UPDATE Welcome traders to a free analysis breakdown. Today I am highlighting possible trade ares on USDCAD, if you any questions on the pair let me know in the comment section below. Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful . If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner. Feel free to comment a pair or subject you would like me to cover next. Trade Safe Alpha Trading Group.
Long
by AlphaTrading-Group
1
USDCAD | Perspective for the new weekWith over 380pips in our direction since my last publication on this pair (see link below for reference purposes); It appears we still have a few more pips to mop as the appearance of a Bearish Rectangle pattern dictates the prevailing direction of price... The risk of further decline gains momentum! The USD/CAD pair gained some positive traction during the mid-European session on Friday and climbed to around the CAD1.27910 which was followed by sharp rejection of this level. As I anticipate making CAD1.27910 my new Sell window in the coming week, the major Supply zone @ CAD1.28400 is still a zone with selling significance. Tendency: Downtrend ( Bearish ) Structure: Bearish Rectangle | Breakdown | Supply & Demand Observation: i. The risk of further decline in the week(s) ahead is still strong as price-action is caught within a Bearish rectangle pattern. ii. Presently, price action is hovering around 61.8% retracement of AB leg with indications that it might evolve into a Harmonic (AB = CD) pattern in the coming week(s). iii. ABCD pattern parameters explained below; a. Leg A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg is currently hovering at 61.8% (with a possible 78.6% in the future) Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move. iv. Breakdown and retest of Demand zone @ CAD1.27000 shall inspire a second position. Trading plan: SELL confirmation with a minimum potential profit of 150 pips. Risk/Reward : 1:3 Potential Duration: 1 to 5 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
USDCAD, 4hr tf, Elliott Wave breakdown of Wave-CHello, my friends, My second setup for today is USDCAD pairs. As you can see, there is a descending trendline currently holding USDCAD from going up. It is more likely price will go down as long as it is below the descending trend line. By assuming this recent movement as Wave-A and Wave-B, we are now at Wave-5 and it is more likely to be a 5 waves movement. We are now on wave-4 and about to continue into wave-5. We could use Wave-1 as our protective stop loss because wave-4 could never touch wave-1 area. Sell USDCAD 1.3020 Stop loss 1.3045 Take profit 1.2945 (3R) RR Ratio 1 : 3 Use only 1-2% risk Good luck If you find this post useful, don't forget to give it a like and follow me for my next update Disclaimer : I sold USCAD from 1.3020
Short
by HayatoDragonFX
USD/CAD Day Swingtrade sell signalHi traders community! Welcome to my new free signal! USD/CAD Day Swingtrade Market-Sell: 1,3060 Stop-Loss: 1,31000 Target 1: 1,30300 Target 2: 1,29800 Stop-Loss: 40 pips Risk: 0,5-1% Risk-Reward: 2,0 Pivot (invalidation): 1.3100 Our preference Short positions below 1,3100 with targets at 1,3030 & 1,2980 in extension. Alternative scenario Above 1.3100 look for further upside with 1.3125 & 1.3145 as targets. Comment As Long as the resistance at 1.3100 is not surpassed, the risk of the break below 1.3050 remains high.
Short
by XTrader_Paul