USDCAD ANALYSISUSDCAD ANALYSIS
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Usdcadshortsetup
USDCAD, The price action tells, shortUSCAD shows a very good sign of short position.
+ Breakout Descending Triangle pattern
+ Strong Support Becomes Strong Resistance
+ The Price Action tells Short
USDCAD, Approaching Significant Support, ShortMonthly Structure tells a nice price action story.
+ Exaggerated Divergence
+ Significant Support
+ The momentum tell further below
+ Double Top
USDCAD SELL WATCHOUT BEARISH PILLAGEBearish Order Blocks, sell till 1.25 or 1.23, USDCAD on a Bearish move.
USDCAD 1.273834 + 0.33% SHORT IDEA * PRICE ACTION & CONTINUATIONHey everyone
Here's a look at the DOLLAR / CAD from the 4H chart, hope you guys are good and having a good one, the pair has been trading inside a bear flag / descending channel possibly signalling continuation with the bears, we saw a break above of this structure but seems it was a false breakout as we see structure hold and looking for continuation with the bears targeting both my FIB EXT'S.
many stars must align with the plan before executing the trade, kindly follow your rules.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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HAVE A GOOD ONE!
USDCAD WEEKLYI have broken down the analysis into the weekly timeframe. See links below for monthly outlook.
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USDCAD LONG TERM FORECAST I wish to share with you an update of USDCAD forecast. Price is completing the BC correction on a monthly timeframe.
I have included my initial short setup in link below.
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USDCAD SHORTIF PRICE CLOSES BELOW 1.30420
SELL @ 1.30400
STOP LOSS: 1.30700 (-30pips)
STOP LOSS: 1.30600 (-20pips)
TP1: 1.30200 (+20pips)
TP2: 1.30000 (+20pips)
TP3: 1.29850. (+20pips)
TOTAL PIPS = 60pips
USDCAD bearish Bat formed on 4hwait for the retracement level 62% to be achieved then hop in for sell
only until then will you enter the trade
USDCAD Lower high --> US dollar looking weakWhats going on everyone.
Todays favoured setup is USDCAD.
Im really liking the looks of this setup now that the US dollar and DXY have finished retracing.
Now that USDCAD has made a lower high and this is coupled with a perfect test of the 78.6 im really liking shorts here.
TP @ 1.292
Hope this helps.
USD/CAD TO 1.30200Fib 78.6% retest completed, now to the -27.00% which correlates perfectly with this weekly level.
USD/CAD Moving in Downward Channel.Currently, USD/CAD is trading at 1.3124. The pair is trading in downward resistance and support channel and it may reverse back from here, as the price has already touched resistance level. The price may rebound back to the support level if it doesn't break the resistance level at 1.3140. If the price goes below 1.3068 level then it may touch the support level at 1.2954. Do have a closer watch on this pair usually channel trades give a good risk/reward ratio.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Thank you,
Rishikesh Lilawat
USDCAD, SHORT!*ENG*
- Price breaking our consolidation box.
- Possible entry at the closure.
- For a safer approach, look for a retest of the zone.
*PT*
- Preço a quebrar a nossa box de consolidação.
- Possível entrada neste fecho da hora.
- Para uma entrada mais segura, poderá sempre aguardar pelo retest da zona.
GoldCartel - USD/CAD Follow up analysis - BIG TradeI reckon, if it can stay below the resistance/trendline, USD will fall deeper into the next potential target.
Catalyst:
- Trump's tariffs on Canada will backfire by hurting the U.S. economy more.
- Canada added 419,000 jobs in July as economy reopened
- CAD Jobless rate of 12.3%
- Potential Descending triangle on the daily time-frame, it was a breakout and retest
PS: I'm too busy with my clients, and I'm not going to post any updates.
USDCAD SHORTPlease note we have posted a BUY Idea on 1H time frame. (refer related idea)
The 4H USDCAD looks bearish currently going up to retest the trendline as well as the Daily resistance which is strong enough to reverse the price.
Fundamentally, USD has displayed some temporary strength which could last only until the daily resistance.
The First target is immediate support, second target is the next major support.
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Its a Bearish MarketThe overall chart from the 17th March 2020 it has bean bearish for this pair till date.
There are 2 markers for the chart which I have drawn to have a clear pictur of the trend. With a long term the market is going to touch the bottom support line before reversal.
I am still short on this pair to get more PIPS.
This analysis is not recommended or do not take any responsibility. This is my own idea and strategy based on the analysis.
USDCAD Short 400Pip Potential!+Weekly timeframe forming a lower low
+ Multiple wick rejections of 1.330 level
+ Hitting strong support
+ Showing signs of Buyers exhaustion
+ Sellers coming in as price stalling
USDCAD AM GOING WITH CAD TODAYGOING AGAINST THE TREND? I DON'T THINK SO, RESPECTED RETEST ON USD/CAD, UNLESS THE NEWS TELL US OTHERWISE. AM LOOKING TO SHORT THE DOLLAR TODAY. proper risk management on this nanny might get very volatile.
