USDCAD*Everything is mentioned on the chart. I hope it is easy to understand.
*Don't jump in to trade at the beginning of the market. let it get settle for 15-20 min first and judge price action.
*Avoid gap up or gap down chase. Wait and trade between level.
Note :Trade with strict stop loss. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action work near that level.
Only for educations purpose.
Usdcadshort
Big reversal in USD/CAD, Will it reach 1.2650?As predicted in my previous ideas, USD/CAD has reversed after hitting the top of the price channel and it has given us sellers almost 95+ pips profit from the top. Now, based on the price action in daily chart, it seems USD/CAD reversal is very likely to happen and price will drop even lower.
There is a very good chance that USD/CAD will drop to the lower TL of the channel near 1.2650 as price continues to fall. So, great opportunity for the sellers here.
USDCAD - Daily Trade Idea - 8-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 SHORT SCALP FOR PULLBACK?This pair just broke a 1h ascending channel and forming a change of charcter on 5m chart. Is it possible for a short scalp. Maybe but a risk trade. Would apply a small risk than usual to avoid a bigger loss as this is a countertrend trade.
Let me know what u think in the comment.
Will there be a reversal in USD/CAD?USD/CAD is moving within an ascending price channel for the last few months.
At present, price has hit the top of the channel and a bearish daily candlestick has formed at the channel top.
This gives us a slight bearish bias and the likelihood of a bearish reversal.
Potential sellers can consider selling at 1.3160-1.3220 area. If the reversal does happen, USD/CAD has the
potential to drop towards 1.27 level.
USD/CAD WAITE TO SELL CONFARMANATION.......
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reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
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Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
USDCAD - Daily Trade Idea - 5-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 Potential Bearish Continuation!Hello Traders,
In Today's trading session we will be monitoring USD for a Buying opportunity in and around 1.30600 demand area. Once we get a Bearish confirmation the trade will be executed and shared with our premium subscribers.
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USDCAD - Daily Trade Idea - 30-Aug-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 - 26-Aug-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.
USD/CAD (Short Plan)Short Call! FX:USDCAD
USD/CAD has been in an Ascending Channel for a while, now as we can see in the charts that it has started printing LHs and LLs!
Also, the DXY has touched its 2022 high, and got a rejection and moving downside!
Best of Luck!
Your feedback would be appreciated!
USDCAD - Daily Trade Idea - 25-Aug-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.