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Usdcadsetup

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
USDCAD 260 Pips bullish run expected. Will it reach Sep high?USDCAD ********* ⏳4 Hour chart 🎲 Possible entry analysis ⛳️ Possible bull/bear target 📚Educational —————-❇️——————- Detailed analysis 💬 1️⃣ Trend line bounce, Break and retest around 1.31500 2️⃣ 1.32500 Price action level-Dynamic support 3️⃣ Risk off mode and Rising of virus infections, Falling of Oil- WTIUSD prices 4️⃣ 1.34000 Key psychological resistance 5️⃣ Price Movement within the broader upward channel 6️⃣ Parabolic move was expected from 1.31000 to 1.35000 7️⃣ Technical support - Bear 8️⃣ Minor Bullish Trend 9️⃣ September high Immediate resistance 🔟 Strong DXY- Upward pressure- Negative for CAD #️⃣ Overall bearish trend —————-❇️——————- 📉 Technical bias-H4-Bullish Above200 Exponential moving average 200EMA acting as immediate support - Bullish trend Possible entry point-1.32600 Relative strength index - 50> Above neutral area. RSI trend line support MACD -Felled below the middle line, Red zone territory, Oscillators pointing downward Stochastic -Around neutral area -Short term bullish trend Ichimoku cloud -cloud is turned green-Cloud Support Bollinger band- Price is around higher band-Middle band acting as dynamic support —————-✳️——————- Key reversal area's 1.34000 Key psychological level 1.34160 September month high 1.32510 Dynamic support and resistance 1.36000 Key psychological level-Major key reversal area 1.31200Lower trend line reversal area 1.132510 Possible entry- Bullish —————-✳️——————- Bullish entry #USDCAD Entry price - 1.32520 Take profit 01 - 1.33500 (100 pips) Take profit 02 - 1.34150 (165 pips) Take profit 03 - 1.35150 (260 pips) 🚫 Stop lose 1.31940 (55 pips) Alternative bearish entry-1.34170 ⬇️ 2.0% Growth expected ⤴️ Account growth 0.45 : 2.00 ✅ Risk reward ratio 1 : 4.2 —————-⚜️——————- Push the like button , And cheer up if you found useful
Long
by forexorbit