Potential sell for USDCAD,but be careful as resistance can breakBased on broad-based US Dollar strength, USD/CAD has reached the 1.32 resistance area once again where some
amount of bearish price action has happened.
Based on that, my plan is to sell USDCAD@1.3190-1.3220 with a moderately wide stop loss above the resistance level.
However, the sellers need to be careful because the chance of a price breakout above the resistance level can not
be ruled out.
Usdcadshort
USDCAD DAILY SETUPUSDCAD retreated from the 50% Fibonacci point back to the 0% point and it gives the pair two options, forming a Tripple top both on the 4 hour and the daily time frame falling back to the 61,8% fib point, or breaking the resistance point (purple box) which has been the top for several months now making further moves to the upside.
USDCAD - Daily Trade Idea - 13-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 $USDCAD Initial ShortUSDCAD $USDCAD Initial Short. This is a pure momentum signal just as are every other signal I post. ZERO other factors are considered in producing this signal.
Entry reasons: USDCAD is showing momentum and confluence of mean reversion crossing up the 70 day price mean.
Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and 1.5xATR offset.
USDCAD possible sell zone!!USDCAD (4h) has formed a strong reversal pattern and the price has broken to the downside with a bearish engulfer. Currently, the price is below weekly support. in the new trading week, the price opened with a gap up with rejection to the downside. On the test of the neckline of the reversal pattern, the price may continue to drop. A sale is a high probability of set up after rejection.
Press the like button if you enjoy this content :)
USDCAD (SHORT) 🔥🔥🔥ENTRY OPPORTUNITY
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck
Mon 12th 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 Ascending Wedge Pattern Short BiasUSDCAD as charted shows a rising wedge pattern while the RSI indicator shows bearish divergence. The price presently is approaching
overhead order block resistance. Taken altogether, these may suggest that USDCAD is about to reverse into a downtrend.
Canada recently had some rare violence on the global news involving knives not guns while the $ DXY has stayed strong.
A short trade may be setting up in the next day.
USDCAD - Daily Trade Idea - 12-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- 240 MINS CHARTThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive Moves).
Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
USDJPY, USDCAD Multi timeframe analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Press like button if you enjoy this content 😊