USDCAD shortLower low here and then a following lower high, offers up great R.
Higher time frame failure to go higher as well. Could be a bit too early to be shorting. But seems like a good opportunity especially with DXY looking heavy.
Usdcadshort
USDCAD - SHORTThe price has reached a point of a possible continuation of the downward channel. The price tried to break the channel but immediately got rejected by a bearish candle and the RSI shows a downward momentum. We look for a confirmation for reversal, BUT we have to keep in mind the strong resistance level at 1.36400. We will have a SL just above the structure in order to be ready for the possibility to reach the 1.36400 level and create divergence.
USDCAD SHORTCaught this entry about 5 pips late due to waiting for confirmation on 30 min candle,
I’m expecting it to drop until news on 14th comes out this is not a long term hold AUG 13th max before closing positions i seen that right as 30m candle and 2 hours candle tapped liquidity block it immediately reject expecting a harsh drop after retracement keep stop tight on this one everything lines up
5min bearish candle
30min bearish candle
2hr bearish candle
Take at own risk
USDCAD SELL STOPUSDCAD SELL STOP
Entry point :- 1.33842
Stop lose :- 1.35041
Target 1 :- 1.3264
Target 2 :- 1.3144
USDCAD for the sellHere we have USDCAD.. anticpated the sell off
earlier this week but the bulls took over
but now I think it is time
The yellow trendline represents the DAILY TF
break in structure. I anticipate a small retracement and
then the drop as we have a nice area that can become supply
Daily Watchlist 9th August 2023Two pairs on watch this morning, USDCAD & CADJPY. Similar plays but crucial differences in WHERE price has come from. Stay sharp.
USDCAD H4USDCAD H4 Short
Usdcad have major resistance zone at 1.33925 and price rejected third time at this erea. usdcad have bearish divergence also put pending ordder at breakout of i.33196 with proper stop loss.
USDCAD - Potential Sell USDCAD has reached an area of interest after taking out previous highs and mitigating the fair value gap. This is an opportunity of a risk entry, or one can wait for a CHoCh in a smaller timeframe.
We will see how this plays out.
USDCAD short ideaI see candles rejecting 1.3350 on the daily and we have one leg painted already on the 4 hour. I want to see another leg drop into the imbalance on the 15-minute at 1.3320.
USDCAD Sell SetupUSDCAD Momentum is Strong Bullish, But Still Expected a Deep Pullback Before a Further Buying. Large Liquidity Pool resting Above Market. Lets Wait for Liquidity Grab and Structure Shift to Enter.
USD CAD SHORTRisk 0.5%
TP1 = 1:2 RR
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USDCAD Sell ExpectedH2 TF FVG is Internal Structure Liquidity to be taken Out by Market. Asian and London Session are Strongly Bullish. Expecting a Fall on Today 7:00PM (PST) News Time.
Entry After M5 CHoCH.
My thoughts on USDCAD, EU, GU and AUWhat do you think about these setups. Let me know,
but in summary,
UC= sell
EU= Buy
AU= Buy
GU= Buy
I am quite bearish on the Dollar, not unless the fundamentals change. But as I keep saying, we'll have to wait and see.
USDCAD SELLHi, According to my analysis of the USD pair. There is a high probability of falling. The pair broke the strong support at 1.33350. A very negative candle on the weekly chart. He also tested the same area, but could not break through the broken support. Good luck everyone
USDCAD BearishI have mentioned all the important resistance levels, where we may see sell opportunity on it. I think we do not have to look buying opportunity on it, just sell.
NEWS PREDICTION: USDCAD SELLThis is just a news prediction, as I do not trade the news. But I can see price retracing for a bit before dropping off to clear the Previous Week Low. Price failed to make a higher high on the hourly chart the broke structure towards the down side. Even if price doesn't retrace to me point of interest, I believe it will drop regardless.
USDCAD: What will happen next?The USD/CAD pair is hovering around 1.3175-80 after experiencing its largest daily decline in eight days. This decline can be attributed to the drop in WTI crude oil price, which is Canada's main export, as well as the stronger US Dollar. The market activity on Tuesday morning in Asia has been slow.
USDCAD Trade Idea As per last analysis the USDCAD will move and touch the zone that I have marked now depends on US Dollar Index that If US Dollar will moved to gain its strength then USDCAD will also moved and the Map was also mentioned so just wait see the confirmations candle and then open up the buy trade.
The zone marked and the target will be 1.3376
USDCAD: Technical Profits Await (SELL)On Weekly Bearish, market has been bearish. And this sets the bias we will be looking for which is the sell side.
On the daily chart, Price has just broken a level that has been tested multiple times in the past.
The 4hours is a little bit more interesting because we might see being rejected by: Support now turned resistance, Trend line that has held for a very longtime and the MA. which is a perfect confluence . It's all about probability
This is a good probability setup
USDCAD: stuck in a narrow range!Earlier today, the Japanese Government released updated forecasts, revealing that consumer inflation is expected to reach 2.6% in the current fiscal year. This is an increase from the previous forecast of 1.7% in January, and it surpasses the Bank of Japan's target of 2%. Additionally, the Government revised the economic growth forecast for the current year to 1.3%, down from the initial projection of 1.5% in January. It is anticipated that inflation will fall below the Bank of Japan's target range in 2024, with a forecasted rate of 1.9%.
