Usdcadshort
USDCAD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here I am looking for a long position as we are in a bullish market structure on daily. My point of interest is bullish order block and imbalance filled after price took sell stop liquidity. Then I will look for a confirmation on lower timeframe.
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Bearish setup on USDCADHi Traders,
Check this out - USDCAD could start a fresh bearish momentum, after breaking of the bullish trend.
However, with the uncertainty on how heavy FED could bump dollar this is better wait on for a break below the Triangle pattern before looking for a better short trade entry.
That is what i will do, provided that we get a solid breakdown and retest of the "Pennant like descending Triangle".
Watchout
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD
USDCAD is now quite BUY. The dollar started to strengthen slightly because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA.
We think it will go up to 1.3585 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.3300 LEVEL in the future. FOLLOW THE STRUCTURE GIVEN.
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 top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
2023/04/04 21:00 USD/CAD analysisPivot point: 1.3461
Currently: Resisted at 1.3635 and retraced back to 1.3586
Reaction: Consolidating at this 1.3336 level, its next support zone is 1.3260
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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