Usdcadsetup
Trading Pathways Analysis of USDCAD H4 Chart
The outlined white arrow pathway is the predicted pathway that the USDCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where USDCAD will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
2 Short trades for USDCADThe conditions are satisfied:
- Wave pattern (enter the trade on pint 5)
- Previous High Impulse on Dec-11
- Fibonacci Retracement 61.8%
In this case, we can trade twice:
First trade Intraday
Entry 1.3224
SL 1.3241
TP 1.3204
Second trade Overnight
Entry the same or you can wait for 1.325 to take a lower risk
SL 1.32750
TP 1.316
USDCAD Break and retestThis Pair has broken out of a strong support zone with a bearish engulfing with a retest happening on the h1 where dojo candles are forming showing rejection of the zone.
Confirmations for trade:
Bearish engulfing breaking support.
Retest candles on H1
H4 and H1 MA showing bearish volume in market
NY open under support becoming resistance.
USDCAD Latest Buy Setup Valid For Next 10-15 1Hr CandlesUSDCAD has been trading in a range for quite sometime now. A breakout is imminent. Our GoTradePipsScalper Indicator has given the latest Buy setup with defined Entry and Exit Points. Please remember, this setup is only valid for net 10-15 1Hr Candles.
CATHC THE DROP ON USDCADANALYSIS ON USDCAD
Welcome to my analysis
-
4 HR CHart
-
Interesting Point of interest In the USD/CAD pair.
- Price below 200 day EMA.
- look for sell signals.
- possibility of 1 more move to the upside.
- Watch 1.31150 for sell signs.
- MACD showing hidden bearish divergence
Long term i am expecting move to the Downside. Will update soon
Stay Tuned
Usd/Cad (The Candles Tell The Story)Read the chart!
One thing I want to say is that... That Giant Red Candle Was Rejected! The Next Day The Battle Was Near Even! Then Friday The Bulls Took Control!
Wednesday's Giant Red Candle was a REALLY BIG... and it still got rejected in this area! This means that the area price is in is a very strong level of support!!!!