USDCAD AnalysisUSDCAD is bullish in Daily timeframe,
and i want to look more specific into medium timeframe ( 1-4h), and i see the structure is bearish
i draw red horizontal line for the TP area because the redline is the daily structure
and we can see double top on lower high, so you can short when the price breakout the neckline or you can wait for retest
goodluck
Usdcadshort
Usd/Cad May go short { Pitchfork} (3rd December 2020)Disclaimer:- Educational Analysis says Usd Cad may go Short according to my technicals.
This is not an entry signal. I have no concern with your profit and loss from this analysis.
Why Short?
Because the 4 hr trendline(backline) is been respected twice.
For Additional Confirmation on this trade. you may go for 15 min tf and pitchfork tool may help you to this analysis in more disciplined way.
USDCAD is ready to go shortThe dollar has reached its highs, a further decline is in sight to maintain the bullish channel of the USDCAD pair. The pressure of buyers against sellers is losing volume. We can therefore consider a sale at this price zone.
The price will not be able to be maintained above the 1.36 level.
USDCAD - Daily Trade Idea - 15-Dec-22USDCAD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
USDCAD - Daily Trade Idea - 14-Dec-22USDCAD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
USDCAD, expect drop price to 1.35300 +around 100pips, H4,H1I expect the price to drop to around 1.3530 for now.
If the price breaks the resistance indicated on the chart, the uptrend should continue, but I expect the price to fail and fall.
We'll see what happens after the weekend.
Have a nice wekkend!
P.S.
This is not financial advise of course, just my idea.
USD/CAD:SELL From Pullback Neckline Head & Shoulders SHORT SetupUSD/CAD shows a Reversal Head and Shoulder in a lower timeframe with a pullback on the dynamic Neckline of the pattern and the price following the negative correlation with EUR/USD today is falling down. If the economic USD data about the Core PPI m/m and PPI m/m will negative, we will see an interesting short in this pair.
USDCAD - Daily Trade Idea - 9-Dec-22USDCAD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
USDCAD - Short from bearish orderblock Hello traders!
‼️ This is my analysis on USDCAD.
Here we are bearish from daily and H1 timeframe perspective, so I am looking for shorts. As price already rejected from daily bearish orderblock and broke the structure on H1 I will wait for a retracement to open a short position.
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USDCAD Short Position IdeaUSDCAD has formed a new LH on the 4H timeframe with double top & bearish Divergence on the 1H timeframe which is a clear bearish indication,
which means it's time for the downward move to make LL.
Bearish Signals:
Strong Resistance at 1.36945 Level
Strong Bearish Divergence on 1H TF
Break of structure on shorter TF
USDCAD - Daily Trade Idea - 8-Dec-22USDCAD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.