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Usdcadshort

USDCADThe monthly timeframe indicative of the long-term trend shows a resilient and bullish US Dollar versus the Canadian Dollar. The target is the 1.54 price handle. This price handle is the supply that triggered the bearish momentum that created the low at 1-0.99 price handles. This bullish correction is caught in a consolidation between the demand and supply at 1.2 and 1.37 respectively. An impulsive move is signalling in the horizon. On the weekly timeframe, we are cognizant of the unmitigated demand at 1.21 that could be a long-term profit target should the market create new long-term lows. On the Daily timeframe, we have a minor consolidation structure with a bearish imprint. Once we have a confirmed break in structure and change of character (CHOCH), we anticipate a return to supply where we have a combination of liquidity and fresh unmitigated supply zones; 1.37 price handle. At this level we anticipate our sell orders to be triggered targeting the key daily structure below at the 1.30 price handle. Once price settles at this region; a. The price could rebound upwards. b. The price could slide further towards the unmitigated demand at 1.2 price handle. We will update our outlook as the market gives us new information. Our analysis is based on smart money concepts; supply and demand. We recommend this set up for swing and position traders.
Short
by morrisgitau
USDCAD M30: Bearish outlook seen, further downside below 1.3600On the M30 timeframe, prices are ranging between a key resistance zone at 1.3600 and a key support zone at 1.3550. A pullback to the resistance zone at 1.3600, in line with the 23.6% Fibonacci retracement, could present an opportunity to ride the drop to the support zone at 1.3550, which coincides with the 50% Fibonacci extension and graphical low. Stochastic RSI is in the overbought region above 80, while price is holding below the 50 EMA and Ichimoku cloud, supporting our bearish bias.
Short
by T3-Consultancy
20 Reason For sell USDCAD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: 2:📆Monthly: 3:📅Weekly: 4:🕛Daily: 😇7 Dimension analysis 🟢 analysis time frame D1: 5: 1 Price Structure: bearish 6: 2 Pattern Candle Chart: long wick. descending triangle 7: 3 Volume: Bearish is more than bullish 8: 4 Momentum UNCONVENTIONAL Rsi: Range shift from bullish bearish and bearish divergence also here within three candles 9: 5 Volatility measure Bollinger bands: M pattern and start squeeze 10: 6 Strength ADX: bullish yet 11: 7 Sentiment ROC: USD is weaker CAD ✔️ Entry Time Frame: H4 12: Entry TF Structure: bearish 13: entry move: impulsive 14: Support resistance base REsistence upper high: 15: FIB: trigger event is occurred ☑️ final comments: there is a head-fake at BB; overall view is strongly bearish 16: 💡decision: sell 17: 🚀Entry: 1.3763 18: ✋Stop losel: 1.3819 19: 🎯Take profit: 1.3086 20: 😊Risk to reward Ratio: 1:3 🕛 Excepted Duration: 2 days
Short
by Optimum369
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