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Usdcadshort

USDCAD - Daily Trade Idea - 26-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
by onelinkFX
2
HOW TO trade USDCAD reversals 💵🍁We have an alert for a sell on USDCAD. Trading on the 30M timeframe. I'm using my POW EDGE reversal strategy for this trade idea. Little red arrow is entry point. Red trade label shows trade details. Green lines are TP and purple lines SL. Stats for the strategy can be found at base of idea. Chart shows previous trades from last week. Strategy is in a rich vein of form. Can we start this week off in the same manner last week ended. __________________________________________________________________________________________________________ What is our POW reversal script? Quiet simply our script is a reversal strategy and can be used on any instrument and time frame. POW reversal strategy sits within your TradingView and you as the user will see exactly what we see - the trade, entry price, SL and TP values. This is a mechanical trading system, Which through third party services can be automated. Our script is based on a combination of indicators with the main ingredient being RSI . As a user using the script you are able to see all available settings and what they are. The values for each setting can be adjusted to fit and suit each individual instrument as well as the time frame said instrument is being used on. We know upon changing settings if they will work on the trading instrument and the time frame being worked as we have coded in a built in strategy tester. A big overlooked not used enough feature of TradingView's pine code is the strategy tester which saves hours of time not having to manually back test a strategy. Having the data in an instant enables us to enter trades with full confidence knowing we are working a proven system. Having the built in strategy tester also doubles up as a live trading journal too as the strategy tester will confirm and support every open and closed position. We are working to a rules based approach to trading for our entry, exit and risk management. All subjectivity and emotions are removed we simply follow and execute the already tested strategy. My latest trade recap video can be seen below and gives great insight into POW tradingview pine scripts we use Thanks for looking at my idea 👍 Darren
Short
by pow_removetheguesswork
USDCAD H4: Bearish outlook seen, further downside below 1.3800On the H4 time frame, prices are facing bearish pressure from the resistance zone at 1.3800 which coincides with the graphical resistance zone, descending channel’s resistance and Fibonacci confluence levels. A pullback to the 1.3800 resistance zone presents an opportunity to play the drop to the support target at 1.3585, in line with the 88.6% Fibonacci retracement and 100% Fibonacci extension. Prices are holding below the Ichimoku cloud as well, supporting the bearish bias.
Long
by T3-Consultancy
1
USDCAD - Daily Trade Idea - 25-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
by onelinkFX
Will USDCAD be my best trade in 2022? Hi Traders, This is my view for this week on USDCAD, thanks to Richard Wyckoff ;-) I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view. Pit DISCLAIMER: Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice. ———————————
Short
by kitchen_trading
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.
Short
by onelinkFX
1
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.
Short
by TheLoserMan
5