USDCAD AND THE BEARSYo family this is USDCAD, we expect the price to start pushing downward
WILL PRICE OBEY OUR SETUP??
KINDLY WATCH THE VIDEO TILL THE FOR A BETTER UNDERSTANDING AND PROFITABILITY
Kindly watch the video till the end and comment your thoughts below👇👇
like, share and follow for more content🙏
Usdcadshort
SHORT ON USD/CADPrice has broken support of a rising channel and the dxy is very weak.
I will be shorting this pair as market structure is picture perfect and the previous swing low has been broken.
here is the play i will be taking on this trade:
Entry - 1.36561
SL: $ 1.37106 54 PIPS
PT: $ 1.34731 183 PIPS
USDCAD - STOP LOSS HUNTINGMarket-markers have now completed their cruel intentions. They have successfully fished out all the BUYERS off the market. Now they are actively dropping the price just as I have anticipated. I have placed sell orders at 1.37700. The trades are now in DEEP PROFITS!!!
The 1.36400 zone is currently getting tested. It will be broken very soon. Massive dropping will continue once this zone is broken. It's time to take partial profits and load more position upon the 1.36400 zone break.
My 1st TP is still 1.29800; 2nd TP 1.27400.
We profit in this business by always watching what MARKET-MAKERS are doing. If you can figure out their intentions you will be EXTREMELY PROFITABLE!!! Market-makers will do TWO THINGS in the market:
1. Push the price up with the intention to SELL (BUY TRAP)
2. Drop the price with the intention to BUY (SELL TRAP)
These are the two things they do all the time in the markets!
PAY ATTENTION TO WHERE YOU PLACE YOUR STOP LOSS ORDERS!!! THEY ARE ALWAYS GETTING HUNTED!!
REMEMBER: PATIENCE, PROPER RISK MANAGEMENT AND HIGH LEVEL OF PSYCHOLOGY PAY IN THIS BUSINESS!
USDCAD I've entered a short 🔻USDCAD short trade has alerted.
Reversal trade identified and entered.
Working the 30M timeframe.
Trade details can be found on the chart in the red label.
Trade box is tracking the trade.
Has USD strength ran out of steam on this pair?
Who knows be it a change in the trend or a slight retrace I have a 77 pip target for my TP to be met.
We'll see where it ends up.
Want to know how I identified this trade you know what to do.
Thanks for looking
Darren🙌
USDCAD | NEAR RESISTANCEUSDCAD | NEAR RESISTANCE
USDCAD has been in a bullish trend by printing higher highs and higher lows.
Currently, the price is trading near resistance which is forming a double top as well.
A break of rising support will confirm the bearish trend.
Trade your levels accordingly.
TECHNICAL IDEA ON USDCADIn my little analysis I think USDCAD has been on a bullish rectangle from at least june, last year and through april this year as well. And it broke out of the rectangular pattern, with an ascending triangle. From which it has broken out this week to hit the long-term resistance zone of almost 7yrs ago. So even if it will continue to rise, I believe price is will come back to test the 2yr low {1.3000s} after hitting {1.3600s}. and if I want to jump on this pair, I will go short once I spot my entry trigger/s on that area of value. My Possible targets would be {1.3200s and 1.2900s}.
TECHNICAL IDEA ON USDCADIn my little analysis I think USDCAD has been on a bullish rectangle from at least june, last year and through april this year as well. And it broke out of the rectangular pattern, with an ascending triangle. From which it has broken out this week to hit the long-term resistance zone of almost 7yrs ago. So even if it will continue to rise, I believe price is will come back to test the 2yr low {1.3000s} after hitting {1.3600s}. and if I want to jump on this pair, I will go short once I spot my entry trigger/s on that area of value. My Possible targets would be {1.3200s and 1.2900s}.
USDCAD - ASCENDING CHANNELHello traders, let's take a look at USDCAD ascending channel trading opportunities.
Currently price is at the resistance of the channel and it has been testing support and resistance for a very long time.
What do you think will happen at this point? Will price continue in the channel? or will it break out to the upside...
I am currently watching for more confirmations before making a final decision...
USDCAD UPDATE: STILL A SELL BIAS As you can see, it seems to be selling, right? It seems the momentum has completely changed to favor the bears now. The question remains where can I take profit? The answer is First TP:1. 3200 and Second TP1.3104. technical level. This is based on a technical analysis of the price chart. If you see that the bearish move is still strong, then you can lock the price for more profit. But, uh, don't be greedy.
USD/CAD :: Multiple buy signals !USD/CAD :::
Blue Channel :: It has been drawn in a higher time frame and is growing.
Orange channel :: It is drawn with 4H time frame and it is also rising.
It is growing in two ascending channels and has broken two strong resistances, so it is a good signal to buy.
<<< Good luck >>>
USDCAD BIAS: SELLIn the h1 timeframe, we have seen that the usdcad has broken the price structure by breaking below the current immediate support level (higher low), and it's out of the wedge already. The support level has now been retested and rejected, turning into resistance, as a result of the small bearish candle that has formed, showing us that the momentum has shifted in favor of the bears now. We could experience a strong bearish move on usdcad soon. If you have been bullish on this pair, it's advisable to exit now before you get screwed. Also, the price has broken below 50 and 20 EMA's. These two moving average is about to completely cross over, showing us a strong bearish signal as well. Be wary if you are already a bull on this pair.
USDCAD - Daily Trade Idea - 20-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.
USDCAD - Daily Trade Idea - 19-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.
USDCAD | A BEARISH REVERSAL?USDCAD | BEARISH REVERSAL
USDCAD has formed a short term top at 1.33084 where daily closing gives a rejection candle indicating a bearish reversal sign.
On the shorter timeframe, the USDCAD has shown multiple bearish sign which gives weight for further downside atleast for short term (if not reversal)
1. Formation on Head and Shoulder Pattern
Head n Shoulder is a reversal pattern and is more effective when formed near top resistance after a bullish rally. In our case, we have seen good bullish rally in USDCAD then testing the top and failed to break above it. Since the formation is on lower timeframe the pair can move short term in downward direction.
2. Break of Key Support Trendline.
USDCAD has been respecting the key level of rising support trendline where every time price moves in the direction of trendline, bulls give respect to it and raise the price from there. But recently we have seen a clean break below from trendline indicating the bulls are exhausted and might remain absent from the scene atleast for the shorter term.
3. Appearance of Bearish Divergence on Key Resistance
Divergence has always been a key indicator in catching the bullish/bearish reversal specially after forming on top. This time the divergence has appear on RSI where price is making higher high and indicator is making lower high; a sign of bulls tiredness. We may see a fall once the highlighted support is broken
TRADE PLAN:
One can adopt sell on strength strategy with just 50 pips stoploss from the current level.
First Target is 70 pips below the current level while one can play for further downside if bulls remain absent from the scene.
Let us know what do you think of the idea in comment sections.