Double Top in USDCAD may reverse the trend to bearishDouble Top in USDCAD in H1 timeframe along with bearish divergence may reverse the trend from bullish to bearish if it breaks support level of 1.352
Usdcadsetup
USD/CAD SETUP UPDATEHey Guys!
There was a new long trade that formed this week, possibly resetting the weekly bias. Therefore, this bias is reset back to neutral at this point.
In this post I explain what's been happening on this weekly bias for the last couple of weeks, and moreover explain why this bias is reset at this point.
That's it! I'll keep you guys updated!
Ken
USDCAD SHORTWe can see the chart tells that it is in downside momentum. Now, the is a 3-hour supply area that can be a possible area for another short entry between 1.34289 to 1.34397. Then goes down to the daily demand at the bottom.
USDCAD TradingView H1Heer is my view for USDCAD on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
buying opportunity in USDCAD -fundamentally we have a strong USD compared to CAD
considering the banking crisis stabilizing and predicting a higher chance for a soft landing for the fed
-on the technical side :
we have reached a a key level in the Daily and the 4H timeframes ,
RSI divergence in 5\15min timeframes,
double bottom break in the 15min timeframe
USDCAD POSSIBLE BUY AREAThis is for short term
And this is risky too.
Please DYOR before entering the trade.
USDCAD - Sell idea for a RRR of 6:1 Hello everyone! Hope you all had a great weekend and Ramadan Kareem all.
This week we are waiting for GU buys and I noticed a great setup on USDCAD sells. Entry as mentioned on the chart for a RRR of 6:1.
Risking 1% for 6% gain.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. Good luck everyone!
Regards,
Enzo
#USDCAD- LONGHey Eveeyone, hope you are doing great, USDCAD has been bearish since last week due to CAD being extremely bullish. So what we are looking at right now with USDCAD is we expect this pair to drop a bit more as now more buyers will come in the market and more likely stop hunts will begin.
GOOD LUCK and Trade Safe!!!!
USDCAD Bearish Flag!USD-CAD has formed a
Bearish flag pattern
While retesting the
Horizontal resistance level
So I think we will see a
Bearish breakout and a
Move down !
USDCAD TradingView H1Here is my view for USDCAD on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
#USDCAD- TWO HIGH PROFITABLE AREA TO SELLDXY will be bearish upcoming days and that is why we have mixed reaction in the market, USDCAD we have two possible selling areas, if price does not stop at the first area of reversal then please look out for second area of reversal.
good luck and trade safe
USDCAD TradingView H1Here is my view for USDCAD on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
The USDCAD Approaching towards critical pointsThe USDCAD pair succeeded to continuing the bearish trend on the intraday and short term basis, paving the way to head towards 1.3310 as a critical point which if breaks will put additional pressure of selling with mentioned targets in above mentioned Chart.
the bearish bias will be expected in the upcoming sessions
USDCAD LONGDescending channel at daily support. Price has decelerated after approaching support - now looking for a small reversal.
USDCAD SELLHi fellow traders, USDCAD is completing this large correction in a flag pattern. Look for a selling opportunity from the blue box area and target the support levels. Good luck and trade safe!
Intraday SELL usdcad (03 APR 2023)USDCAD intraday trading alert
3 simple steps to find a quality setup !
Risk Reward Ratio 1: 2
Anyone same idea with me?
SELL USDCAD
Good luck traders..
Multiple order blocksThe three drives completion was followed by a bullish engulfing candlestick which indicates a complete take over and price raised all the way up to violate the supply zone. Price was nicely rejected and decreased to change market structure, initially tested the demand zone and made a retest which led to a minor manipulation then pushed to the upside with this long candlestick, but failed to activate the order block and dropped without fully correcting the inefficiency. This massive drop stopped at level 1.35073. Price made a pullback to the breaker block and declined to violate the demand zone. This doji candlestick shows loss of bearish momentum, currently looking for price to appreciate to the supply zone at 1.35791, then we’ll evolve with the market from there…
USDCAD hrly short | Algorithm tradingUSDCAD daily short
shortstop @ 1.35216
TP #1 @ 1.34200 80.43% wr
TP #2 @ 1.32632 41.30% wr
SL @ swing high 1.38620 10.87% hr
WR and HR % Determined by past trades on this pair on this time frame.
More systematic trades like this on my profile.
USDCAD- 500+ PIPS BUYING OPPORTUNITY!!Dear Traders, after creating HH price dropped significcntly due to CAD being extremely bullish. DXY has been bearish and we have no strong bias. As we progress through the week, we strongly believe DXY to bullish which will help USDCAD to continue towards our premium selling zone. USDCAD, SHOULD NOT break this area as otherwise it may test the daily lower low.
good luck!!!
USDCADIts update of my last analysis of USDCAD. The price had pullback and broken up correction, so I think the price get back to up as soon as possible.
USDCAD H1Here is my view for USDCAD on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USDCAD - Bullish Channel at Support- Descending channel at daily support
- 0.5 fib retracement at entry point
- Equal measured move at entry point
