Usdcadsetup
USDCAD BEARISH PINBAR!!Hey traders,
Here is my analysis of the USDCAD on the daily timeframe.
Previously I said that price was currently consolidating on the USDCAD.
Last Friday we had a strong close for the bears in the form of a pinbar.
This is a clear and simple signal which indicates that price is looking to move downward.
Simple price action and analysis.
USDCAD CONSOLIDATING 2 POSSIBLE SCENARIOSHey traders,
Here on USDCAD we can see price is consolidating at this point. Price has rejected the orange trend line multiple times.
Buyers have struggled to push price above as seen by the 4 wicks representing sellers taking control. However sellers have not been able to push price further down.
With low liquidity the rest of the week due to American Thanksgiving, I don't think we will get a clear signal until next week.
If price can break the previous week's high bulls will be in control. However if price can break below the lower orange shaded area. Then my bias will turn bearish.
USDCAD hello everyone :)
This my personal view for USDCAD.
Predection (GO UP)
Red Line = Stop Loss
Blue Line = Best Entry
Green Line = Take Profit 1 & 2
Any this my personal predection. Win or Loss is your responsible. Sorry my english so bad becouse im still learning & try to speak english.
Happy trading all :)
Best & regards
Jamal Abdullah
(Owner Traderstylo)
Dollar CAD update - usdcadANALYSIS ON USDCAD
Welcome to my analysis
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1HR CHart
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Interesting Point of interest In the USDCAD pair.
- Price below 100/200 day EMA.
- look for sell signals.
- Expecting some more downward movement.
- Watch 1.31947 for Take Profit (TP). *** please note i am expecting 1 more bullish move so you might want to wait for the move up (so buy then look for the seell)
USDCAD LOOKING LIKE ITS HEADING HIGHERHey traders,
My analysis on USDCAD has changed. It seems like price has been consistently forming higher highs and higher lows now.
Price is trying to break through the previous high of 1.3270 currently.
Today on the daily chart's we had a huge bullish close which engulfed the previous couple of candles.
I see a move to the upside until the upper blue trend line.
Simple price action and analysis.
I was initially short to start the week but my bias has changed due to price action and reanalyzing the charts.
Again I may be wrong with my analysis, but the key to being profitable is risk management.
Cut your losses short and let your winners run.
USDCAD DAILY ANALYSIS - BEARISH PINBAR + TWEEZER TOPHey traders,
As seen on the daily charts today closed with a very bearish pinbar. The candlestick before also had a wick the same length.
Bears are coming in and we may be due for a minor retrace to the downside before uptrend continues.
Simple price action and analysis.
Risk to reward of 2.
ANALYSIS ON USDCADANALYSIS ON USDCAD
Welcome to my analysis
-
30Min CHart
-
Interesting Point of interest In the USDCAD pair.
- Price above 100/200 day EMA.
- sell at top 1.3700 zone.
- Expecting more downward momentum.
- Watch 1.31900-1.3800 for take profit.
- MACD showing bearish divergence
Stay Tuned
USDCAD 240MHello traders!
We are looking to buy on the break of the green rectangle to catch 50 pips
between the B and C lines. Price may go a lot more than 50 pips or even less,
the lines work to determine most likely pip range for a decent trade.
This trade can also be taken with a buy stop order as a set&forget setup.
It is recommended to position stop no further away than 1:1 RR away from entry,
although this may vary with markets and volatility.
Best,
Jay