USDCAD ! NICE SETUPusdcad is holding those highs nicely even after big news from dxy that was postive now since oil is shooting up it makes cad strong so if dxy retraces down we could see a fast move down from usdcad
Usdcadshort
USDCAD CORRECTIONIf we reach the upper red box, we can look for short trades. Be careful to manage your capital and don't forget the stop
USDCAD US Dollar Canadian Dollar ForexThe US Dollar vs. the Canadian Dollar is a very popular currency pair due to the extremely large amount of cross border trading that occurs between the U.S. and Canada. The CAD is considered to be a commodity currency because of the large amount of natural resources, especially oil, that are mined and exported to southern neighbors. The USDCAD is one of the most traded currency pairs in the world.
USDCAD Demand in Control?This is for short term
Always place yor order where you place stoploss.
Wait for manipulation at the Equal High and Low Areas.
Please DYOR before entering the trade.
USDCAD setting up for a nice sellUSDCAD sentiment has been bearish throughout the entire NY session, we do have some liquidity siting below today's low, we have people who just bought and have their stops below the low, and some possible sell stops which would push the market further to the downside.
Nice retracement going on in the Asia session, looking for the downward momentum to continue, need to see a rejection in the H4 GAP / previous structure break
USDCAD - 1.36400 ZONE Last KissPrice is moving just as anticipated. It will now KISS the 1.36400 zone for the last time before continuing with the fall. The BEARISH move has PAID OFF significantly. We have moved STOP LOSSES to lock in profits and also took a great chunk of partial profits. This is what trading is all about. Spot the market-maker's moves in the market and capitalize on them!!
Learn HOW TO LOCATE WHERE SMART MONEY PLACES ORDERS.
Ride the fall with me!
USDCAD - Daily Trade Idea - 5-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, TP 2 , TP 3 and EXIT (SL) 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 and only enter if we have the final confirmation for entry.
USDCAD ! NICE SETUPbreak of structure happening here close would be confirmation also dxy bears are in control right
SHORT ON USD/CADPrice has broken the support area of a long term rising wedge.
Since the breakout it has retested the highs of the wedge making a double top pattern on the higher timeframes and currently making lower lows and lower highs.
The dxy is also showing weakness.
I expect this pair to fall through the day especially if the job openings reports show lower numbers than expected.
Here is the play:
Sell stop order
entry = 1.36419
stop loss = 1.36821
take profit = 1.34307
USD/CAD Made Double Top, Still Not Confirmed ,When We Can Sell ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
USDCAD - 1.36400 ZONE BREAK SUCCESSFULWe caught USDCAD's SELL ENTRIES spot-on at 1.38350 - where STOP LOSS HUNTING had been taking place heavily! Market-makers know exactly where to fish out traders off the market. Trade like them and you'll be HIGHLY PROFITABLE.
We are in deep profits and price is now back below my 1.36400. I now expect price continue falling. Partial profits have been taken once again. Let's sit back and watch.
PRICE ACTION AND PATIENCE ARE KINGS!!!
USDCAD sell the breakdown!!USDCAD 4h has formed a strong reversal pattern on the lower timeframe and the price currently breaking out of the previous support zone. As the market is over-extended, it is highly likely that USDCAD will reverse from this zone to test long-term monthly resistance turning support. Before, reversal, we could see a long spike to the upside and, upon rejection, a sell trade is highly probable!
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USDCAD H4: Bearish outlook seen, further downside below 1.36000On the H4 time frame, prices are approaching the support zone at 1.3600 which coincides with the 23.6% Fibonacci retracement and graphical swing low. A break and close below this support zone would provide the bearish acceleration for a further drop to the next support zone at 1.3220. The 1.3220 support zone is in line with the Fibonacci confluence levels and the resistance-turned-support level. Stochastic is testing resistance and showing bearish divergence as well, highlighted in red, signalling a potential change in momentum.
USDCAD - Daily Trade Idea - 4-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, TP 2 , TP 3 and EXIT (SL) 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 and only enter if we have the final confirmation for entry.
USDCAD SHORTThe price has hit the monthly pivot and PRZ and has shown a reaction. If this correction is slow, I will enter a sell position with a loss slightly higher than HH.
USDCAD -4H Short bearish ideaThe price has formed a double top and three black crows. If the trendline is not respected, the TP would be set as indicated in the chart
USDCADSo on USDCAD, we saw a run to the upside last week. This coming week(Next week) i'd expect to see a run down of price into the F.V.G it created while running up... Which indicates that next week would be a short.
USDCAD - SOME MORE STOP LOSS HUNTINGIt seems like market-makers were not done fishing both BUYERS and SELLERS off the market. Price is now back to where the first STOP LOSS HUNTING took place. The following week will be very interesting. We are still SELLING USDCAD. Partial profits were taken at the 1.36400 zone - a zone which I expect to be broken for the second time next week.
My TPs are still:
1. 1.29800 and
2. 1.27400
REMEMBER: PATIENCE, PROPER RISK MANAGEMENT AND HIGH LEVELS OF TRADING PSYCHOLOGY PAY IN THIS BUSINESS!!
USDCAD LONG "early sellers doomed?"It's quite crazy every retail trader today is targeting USDxxx SHORTS & xxxUSD LONGS. This is because price has broken the retail trendline visible clearly on most USD PAIRS H4 Timeframes. However it is essential to understand that this is a game of Banks versus the Typical retail trader. On the Chart I posted here majority of people will be anticipating a SELL off meaning 'banks' would make a loss if we sold at current market price and price actually goes down. Hence I expect a bit of of a play around by the Banks potentially in the form of a WYCKOFF schematic to grab the liquidity at the POIs I marked on the chart where unlike most people I will be taking long positions to around 1.3800. At that zone I may go short if I see confirmation on smaller Timeframes but that might not be today. Please do check out my previous posts to understand why retail trading is a rigged game and you need a shift of mindset to win that is different from the herd mentality.
If you found this post helpful, please share, like or leave a comment conveying your opinion as well. I have tagged my latest other posts below this idea. Happy trading.
USDCAD / possible sell off idea (right shoulder)Looking at catching a sell off on USDCAD, long term bullish but to continue this way we need to see a breather (correction). Can be very risky going against the overall trend but if we can manage to catch the move we can see huge potential for profit, again I will be aggress with stop loss and adjusting once in profit.
USDCAD - 1.36400 ZONE BREAK SUCCESSFULThe 1.36400 zone has been broken successfully just as I said it would. Price is now going through a retracement. I still have some positions running. Partial profits have been taken yesterday. However, I'm loading some more!! The bearish move is still in progress. USDCAD is currently very BEARISH and I'm raking in all the profits as it falls.
REMEMBER: PATIENCE, PROPER RISK MANAGEMENT AND HIGH LEVELS OF PSYCHOLOGY PAY IN THIS BUSINESS.
Happy trading!!
Thu 29th September 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 - 29-Sep-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, TP 2 , TP 3 and EXIT (SL) 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 and only enter if we have the final confirmation for entry.
