USDCAD possible short for 1.2720weekly chart making lower low and lower high. 1.2870-90 initial supply zone if fails to hold then supply zone for short 1.2925-50. stop loss 1.2960 target: 1.2720
Usdcadshort
Selling USDCADTrade Idea: Selling USDCAD
Reasoning: Price stalling near trend line resistance, current trend remains bearish
Entry Level: 1.2874
Take Profit Level: 1.2760
Stop Loss: 1.2901
Jamie Gun2Head Idea - Selling USDCADTrade Idea: Selling USDCAD
Reasoning: Price stalling near trend line resistance, current trend remains bearish
Entry Level: 1.2874
Take Profit Level: 1.2760
Stop Loss: 1.2901
Risk/Reward: 4.22:1
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USDCAD H4: Bearish outlook seen, reversal below 1.2890On the H4 time frame, prices are approaching the resistance zone at 1.2890, in line with the Fibonacci confluence levels where we could see further downside below this zone to the intermediate support target at 1.2780 which coincides with the graphical support. A break below the 1.2780 intermediate support target could provide the bearish acceleration to the support area at 1.2680. Prices are holding below the Ichimoku cloud indicator as well, supporting the bearish bias.
USD/CAD LONG SETTING UPUSD/CAD
I am going to wait for the breakout before entry. Eyes should be on this because a bullish correction is about to take place
USDCAD Down Trend.!#USDCAD Looking for Sell trade setup as I mentioned in the Chart.!
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USD/CAD Analysis for next movePrice is expected to fall as already made triple-top, but if the price reverses from the support he it will fail the pattern and still can go up.
USDCADCould we still see a continuation of the bearish sentimet of USDCAD?
With possible recession questions asked within the US and a reported strength in the Canadian economy, anything is possible.
However, from structural bais, trend has been bearish with successive BOS of demand zones, could a possible entry be taken then?
USDCAD - Daily Trade Idea - 1-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 SHORT IDEAHey guys, I'm bearish on this pair. I expect that fvg on the daily chart to be filled
USDCAD Down Trend.!#USDCAD Looking for Sell trade setup as I mentioned in the Chart.!
Keep Supporting LIKE, COMMENT And FOLLOW.!
Thank You.!
💵U.S.Dollar/Canadian Dollar 💵Analyze !!!U.S.Dollar/Canadian Dollar made a Double Three Correction (WXY) in ascending channel.
I expect that U.S.Dollar/Canadian Dollar will go Down at least to the lower line of ascending channel, and it is possible to break the ascending channel this time.
Also, we can see the Regular Divergence between price and MACD Indicator.👇
🔅U.S.Dollar/ Canadian Dollar Analyze ( USDJPY ) Daily Timeframe⏰
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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Week 07 | USDCAD | Short Position | H1 | 29-07-2022After a bullish run the US Dollar is looking in a bearish mood. The price is currently below the fib 0.5 level but the bearish candles are still forming which shows that bears are in control. Lower highs are formed so we can take short position at this stage.
USDCAD Down Trend.!#USDCAD Looking for Sell trade setup as I mentioned in the Chart.!
Keep Supporting LIKE, COMMENT And FOLLOW.!
Thank You.!
USDCAD sell potential 📉GBPNZD alert has just presented.
Reversal trade identified and entered.
Trade in slight draw down at moment but lets see where it ends up.
Working 30M timeframe.
Trade details can be found on the chart in red label.
Trade box is tracking the trade.
Fancy knowing how I identified this trade you know what to do.
Thanks for looking
Darren🙌
Short USDCAD...USDCAD is in wedge after break his channel and has chance to goes down after pullback to broken channel.
On my view, there is no bullish momentum in DXY at the moment and any currency has chance to strong versus US dollar.
Based on my chart, CAD has chance to strong again and USDCAD is bearish on my view.
Good luck guys.
Trade safe.
Back to basics USDCAD 15m shortIn and out hopefully , failed to break resistance, jumping on momentum.
USDCAD M30: Bearish outlook seen, potential reversal on pullbackOn the M30 time frame, prices are holding below the descending channel where a pullback to the resistance zone at 1.2870, in line with the 61.8% Fibonacci retracement presents an opportunity to play the drop to the support target at 1.2780. This support zone lines up with the -27.2% Fibonacci retracement and descending channel’s support. Failure to hold below the 1.2780 resistance zone could see prices push higher to test the resistance zone at 1.2910. Prices are holding below the Ichimoku cloud as well, supporting the bearish bias.
Outlook on USDCAD: Bearish play seen On the H4 time frame, prices are facing bearish pressure from its resistance zone at 1.28500 in line with the 61.8% Fibonacci extension and a pullback to this zone presents an opportunity to play a further drop to the next support target at 1.26800. This support target lines up with the 78.6% Fibonacci retracement and 100% Fibonacci extension. Ichimoku cloud is also showing signs of bearish pressure, in line with our bearish bias.
USDCAD - Daily Trade Idea - 28-Jul-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 preparing for a big dropUSDCAD ( Daily) has created a head & shoulder on the daily and strong bearish price action. It is highly likely that it will have a big drop in the monthly support zone. As per price action shown on the daily, we have seen back-to-back 2 bearish engulfing has formed. Also, we have 10EMA and 20EMA cross-over on a daily time frame. We could see a potentially larger drop in the monthly support/trend line. A selling opportunity may arise later today!!
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