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Usdcadshort

SELL TRADE SETUP ON USDCADHey Traders, Check out this technical analysis on USDCAD; it appears to be undergoing a small pullback, potentially indicating a rejection from the previous resistance area. provided that the resistance are is broken then we can assume for the continuation of the bullish momentum However, I would recommend waiting for a proper retest of the broken key level before considering a buy-trade entry. Alternatively, there may be an opportunity for a sell trade if the market breaches the evident support area. Keep a close eye on this.
Short
by Adefxc
Sell USDCAD - H1 Ascending TriangleUSD/CAD H1: Ascending Triangle Hints at Potential Downturn, Shorting Opportunity Emerges! The USD/CAD pair on the H1 timeframe presents a potential selling opportunity due to the presence of a well-defined ascending triangle pattern. While ascending triangles can be continuation patterns, a breakdown from this pattern, especially on higher timeframes like H1, suggests a higher likelihood of a trend reversal towards the downside. Key Points: Sell Entry: Consider entering a short position below (ideally around 1.3600). This offers an entry point close to the perceived shift in momentum. Target Levels: The initial bearish target lies at 1.3460. Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line (rising trendline) of the triangle, ideally around 1.3630. Thank you.
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by KABHI_TA_TRADING
9
Wyckoff Higher Timeframe Distribution Schematic 12M/6M timeframe is a possible distribution Schematic that I think is currently in phase B. Phase C,D and E are yet to form. We shouldn't trade a distribution schematic till phase E but if a distribution Schematic 1 forms then we can trade phase C once a UTAD has been created(still risky and should wait for phase E as this is a more conservative approach). If no UTAD then wait for phase E as you would have had more confirmation and without this you would be guessing the top.
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by DTalcob
USDCAD - SELL SIGNALShort-term price action is leaning negative for the USD after spot peaked a little below 1.3615, close to where the USD has topped out a number of times since late February. Price action is bearish (an "evening star" candle pattern formed on the chart since late Friday) which should mean some corrective drift lower in in funds in the near term towards 1.3535/1.3555. The low 1.3600 zone continues to look pretty solid resistance for the USD. Guys, what do you think? Leave a comment with your thoughts.
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by tradingconmike
4
USDCAD is going to Tank down but when..So to break this trade down down properly I started by looking on the daily time frame and saw there was a bullish liquidity purge, came down to our 1H time frame to confirm that we are indeed inside of a order block and to be clear about this particular setup its the "Holy Grail" or Elliot wave pattern. To see things a little more clear I've used the 15 or 5 MIN time frame to spot out the distribution and accumulation phases and liquidity has been swept from March 19th. I'd look for a 5 Min entry at 1.36127 and target the very bottom consolidation at 1.34558. SL at 1.36146. To maximize any profits trail stop losses!! secure the BAG and good luck!
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by Charliepips11
18
USDCAD SHORT 414.8 PIPS READ DESCRIPTIONThe analysis for USD/CAD (US Dollar paired with Canadian Dollar) indicates that the price is currently at a historical daily resistance level, ranging from 1.36000 to 1.36330. This level has served as a significant barrier to price movement in the past, suggesting a potential area of selling interest for the currency pair. To further support this analysis, data from the previous week regarding big player and investor activity is considered. It's noted that there were a total of 82,909 short positions and 45,761 long positions taken by investors. This data indicates a bearish sentiment among investors, with 36% of positions being short and only 14.8% being long. Given that the daily resistance level coincides with the level at which big players have put short positions, it adds further credibility to the resistance zone and strengthens the bearish outlook for USD/CAD. In terms of trading strategy, two target prices are set for this trade. The first target price (TP1) is set to capture potential profit if the market follows through with a downward movement. If the market reaches TP1 and continues to move lower, the trade should be closed for a profit. However, if the market reverses and starts moving higher after reaching TP1, the trade should be closed at the second target price (TP2) to mitigate losses. The expected gain from this trade is 414.8 pips, indicating the potential for a significant downward movement in USD/CAD if the resistance level holds. By setting clear target prices and managing risk effectively, traders aim to capitalize on potential market movements while protecting their capital. In summary, the analysis suggests a bearish outlook for USD/CAD, with a historical daily resistance level acting as a significant barrier to price movement. By considering investor data and implementing a well-defined trading strategy, traders aim to profit from potential downward movement in the currency pair while managing risk responsibly.
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by MOAZAM1133
USDCADUSD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will give you the edge to conduct thorough fundamental and technical analysis to trade this popular currency pair. The USD/CAD pair trades on a weaker note above the 1.3500 mark during the early Asian trading hours on Friday. The decline of the US Dollar below the 104.00 mark weighs on the pair.
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by Mark804
USDCAD SELLUSD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will give you the edge to conduct thorough fundamental and technical analysis to trade this popular currency pair. confirm signal
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by Mark804
USDCAD SELLUSD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will give you the edge to conduct thorough fundamental and technical analysis to trade this popular currency pair. confirm chart
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by Mark804
1
USDCAD The Canadian Dollar (CAD) found some room on the upside at the midweek inflection point as investors await Thursday’s US Producer Price Index (PPI) and Retail Sales figures. The CAD continues to wrestle with the US Dollar (USD), but the Canadian Dollar is on pace to be one of the strongest performers this week as the only major currency entirely in the green. USD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will give you the edge to conduct thorough fundamental and technical analysis to trade this popular currency pair. confirm chart
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by Mark804
USDCAD Dropdown and Break Trenline USDCAD Crosses the Trendline and creates a new bottom at the 38% Fibonacci line So now the uptrend has been broken. We can consider entering an order #1 Sell: 1.34958 fibo zone 23.6% Stop loss: 1.35520 Take profit: 1.33889 at fibo 50% #2 Sale: 1.35211 Stop loss: 1.35521 Take profit: 1.33429 at fibo 61.8% #3 Follow the price movement closely. You can close half of the order when the price touches the 38.2% fibo line: 1.34370 and move the SL to the entry point to preserve profits. #4 You should only enter a maximum of 1-2% equity. #5 Good luck to you.
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by KDFund
USDCAD SELL | Day Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
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by TheGrove
1
USDCADUSD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will give you the edge to conduct thorough fundamental and technical analysis to trade this popular currency pair.USD/CAD The Canadian Dollar (CAD) found some room on the high end above the US Dollar (USD) on Thursday. The USD/CAD pair slipped below the 1.3500 handle as markets buckle down for the wait to Friday’s US Nonfarm Payrolls (NFP) jobs report.
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by Mark804