UsdCad- Correction to 1.35?After the break above the important 1.32 resistance, UsdCad accelerated its gains and reached very 1.4 psychological figure.
This top is marked by a strong bearish pin bar, suggesting that a correction could follow.
After an initial drop to 1.36, the pair is in recovery and this rally can offer bearish opportunities for selling in anticipation of a new leg down.
UsdCad should be sold above 1.38 with 1.35 in focus and negation above 1.4
Usdcadshort
USDCADOn USDCAD, i expect a pull back into the zone i marked as my supply for a continuation downwards.. Yeah i know we're overall Bullish on the pair but at the moment, price is on a corrective phase.. Trying to fill the gap(Liquidity) it left behind on it rally up...So this week would be Bearish.....
USDCAD - Daily Trade Idea - 24-Oct-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 POSSIBLE BEAR MOVEMENTUptrend wedge formed on the 1hr TF
Major Zone right 1.36411, also price is sitting right on the support trendline.
Breakout from the zone and the trendline as confluence will ignite the possible bear movement.
Also another entry level is right at 1.34993 once price break the zone and retest.
USDCADHi traders, i am looking it the USDCAD chart if price go back our mentioned pattern completion area then i will be looking price action again for a short position opportunity, if price drop from the current area and break 1.37184 level without hiting our mentioned entry level then this setup will be invalidate.
If you are taking this trade so please i request you trade with your according strategy do not depend on my analysis, this analysis is just a scenario and i would love to be wrong GOOD LUCK.
USDCADHi traders, i am currently in short position, i am expecting from price to continue and go hit our bottom mentioned area but if price go back and hit our upper mentioned area then i will be looking price action on the top for the next short position opportunity.
Trade with your according strategy do not depend on my analysis, this analysis is just a scenario and i would love to be wrong GOOD LUCK.
USDCAD H1: Bearish outlook seen, further downside below 1.38200On the H1 time frame, we are seeing bearish market structure formed with prices approaching the resistance zone at 1.38200, in line with the 78.6% Fibonacci retracement and 100% Fibonacci extension levels. A pullback to the 1.38200 resistance zone presents an opportunity to play the drop to the support target at 1.36800. This support zone lines up with the 61.8% Fibonacci retracement and is a zone that prices interacted with multiple times. Stochastic is approaching resistance at 96.35 as well where we could see a reversal below this level, in line with prices.
U.S. DOLLAR / SWISS FRANC Trading Idea Hello traders good day ahead
In his bullish Flag price is moving around 0.99800 at supports levels
major resistance level at 1.00700 is pushing price low
if it break the bearish trendline then it would the the fowling supports levels
1st support 0.99200
2nd Support 0.98200
USDCAD - Daily Trade Idea - 19-Oct-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.
SHORT ON USD/CADThe dollar is currently in a downtrend and has formed a double top on the lower time frames,
The Usd/cad has also created a double top on the lower timeframe. I expect the dollar to continue falling throughout the rest of the day.
here is the play I will be takin:
Entry: 1.37488
SL: 1.37842
TP: 1.36589
Tue 18th October 2022 USD/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a USD/CAD Sell. Enjoy the day all. Cheers. Jim
USDCAD - Daily Trade Idea - 18-Oct-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-Oct-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.