Usdcadshort
USDCAD H4: Bearish outlook seen, further downside below 1.2840On the H4 time frame, prices broke its previous ascending trend line where we could see further downside risks. A pullback to the resistance zone at 1.2840, in line with the support-turned-resistance area and Fibonacci confluences could see a reversal below this zone to the support zone at 1.2680. Prices are holding below the 50 EMA as well, supporting the bearish bias.
USDCAD - Daily Trade Idea - 11-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 ShortThe bearish momentum is still strong. For now, the price is consolidating after attaining a lower high according to the higher timeframes (D), and I predict a bearish breakout for this pair.
My long term target is at the lower trend line thus my entry is at 1.284 and Sl @ 1.289, slightly above the market resistance zone.
Entry - 1.284, Sl - 1.289.
Tp1 - 1.279, Tp2 - 1.274 and Tp3 - 1.269.
Remember, risk 1-2 % of the account.
USDCAD SHORTAccording to the higher timeframes (Daily, Weekly), this pair has been forming a rising flag, which is a major indicator of a bearish momentum. For the past few months, the US Dollar has an inflated price, and thus may weaken in the near future, which might make the movement of the chart move downwards. The price touched the uppermost trendline of the flag, and it has bounced significantly. The momentum looks bearish.
Entry @ 1.296
Stop loss @ 1.302
Tp 1 @ 1.290, Tp 2 @ 1.284, and Tp 3 @ 1.278.
R:R is 1 : 3 risking only 1% of the account.
USDCAD - Daily Trade Idea - 9-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, Bearish H&S, Sell Opportunity Hi Traders,
USDCAD is setting up for another drop as we could see on the HTF price has moving within an ascending channel with a strong reversal impulse push down from the top of the correction. To add confluence to this set up, we can also see a H&S pattern with the R shoulder completing to indicate further downside. If we look at the LTF, we can see price is moving within a correction after the strong impulse.
I will wait for a bearish confirmation before entering this sell position, target range 1.2458
Trade Safe
Thanks
USD/CAD hi guys its kamy.
sorry for not uploading posts i just lost my grandma and it was a tough time for me and my family.
we have USDCAD chart here after breaking last channel and price got so close to our resistance level so we expect price to go down so we can have a pullback then we can see if price wanna go higher.
Now we should wait for signal and key bar to take our short position.
Don't hesitate to post me your comments.
USD/CAD good setupHi there. On this pair nothing special. We bounced from strong and old trendline on July 1st and climbing new heights now. Also crossed old and strong level and entered zone of liquidity. So here we just looking for buy on any possibilities. But keep your eyes on this trendline. If we break through it - then we're done. We will roll from this rock and next stop is 1.20.
Keep it easy with Fridrex.
Outlook on USDCAD: Bearish play seen On the H1 time frame, a break below the support zone at 1.28300 presents an opportunity to play the drop. Prices are holding below the descending channel as well, in line with the bearish order flow. We could see prices push lower to the next support zone at 1.27700 in line with the graphical low.
USDCAD M30: Bearish outlook seen, further downside below 1.2850On the M30 time frame, a pullback to the resistance zone at 1.2850, in line with the graphical resistance area and 78.6% Fibonacci extension presents an opportunity to play the drop. A break below our downside confirmation level at 1.2835 could provide the bearish acceleration to our support zone at 1.2790. This support zone coincides with the 78.6% Fibonacci retracement. Prices are holding below the Ichimoku cloud indicator as well, supporting the bearish bias.
USDCAD - Daily Trade Idea - 4-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 possible sell zone!!USDCAD( D ) has formed another bearish engulfing in the direction of a daily downtrend from daily 20EMA. There has been already a series of bearish of engulfer in the direction of the trend with a series of lower highs. A possible sell opportunity may arise upon the close of the daily candle with a lower low.
USDCAD High probability SellHi Traders,
USDCAD is setting up for a sell opportunity. Looking at the HTF we can see that price made an strong impulse push down followed by a bearish correction to indicate another impulse is likely to occur. We can also see a bearish H&S pattern to add confluence to this trade opportunity. Looking on the LTF we can see price failed to push any higher and created another H&S pattern inside the HTF to tell us further downside may happen.
Trade Safe
Thanks.
Easy Short setup on USDCAD Hi Traders
I have found an Easy short setup on USDCAD. The structure is similar to that of EURUSD in regards to the false breakout. I have already entered the short on this one and I am confident that price may continue to push. When looking at the weekly, We can see that price is rejecting a weekly timeframe 1.28770. If you take a closer look we can see that price has created a double top pattern and is currently rejecting the level. I am taking the position based on this.
I have also drawn a wedge that has broken through and is now being retested, I would like to see price reject and then continue to push lower, The previous Bearish engulfing candle has also given me a strong enough reason to enter.
My target is based on the obvious support level at 1.27700 where I will take my full position off the table. Looking at the flip side If price breaks above the 1.2875 level I will be out of the trade.
Remember to plan your trade accordingly and do not over risk on your positions.
Renaldo Philander