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Usdcadshortsetup

USD/CAD Technical Analysis.Currently, USD/CAD is trading at 1.3539. The pair started a new down trend after breaking the support level at 1.3548. Previously, the pair was consolidating in the resistance and support levels. As the pair has already started a down trend by breaking support level, its first target price is at 1.3430 and second target price will be at 1.3358. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
UsdCad Descending Triangle - Short Setup- UsdCad on the daily chart formed a Descending triangle which is a bearish triangle pattern - Price broke support at 1.38597 and currently hitting trendline and still heading for 200MA - The break out was missed, i am currently waiting for the daily candle to close before entering a sell - will look for a sell entry on the hourly chart with a SL just ablove the broken support line - target area - 1.36694.....a possible target area 1.34209 but once price breaks the 200MA if not then the 1st target is approx 150 pips ======================================================================================================================== Disclaimer: The Trade setups are based on my analyses and ideas and they are not signals or trading advice. Do your own analysis before you enter any trade based on my shared analyses. Trades are entered once criteria is met....Remember trading is risky and we can't force the market in any direction..#ExercisePatience ========================================================================================================================
by Loviss
USDCAD Short- Trendline Retest and 61.8% Fibonacci RetracementI am already Short on USDCAD, whereby my Entry is at 1.3927 and my Stop Loss in in Profit; I have been in this position for 2 weeks now. Because the Price Action has been incredibly slow and choppy for a long period it's eventually started to move, i then identified an additional Entry Point on a Counter Trendline retest (Descending Trendline) that perfectly aligns with the 61.8% Fibonacci Retracement. I see if this move does occur it will be early next week and then foreshadowing further Downside Movement.
Short
by Kaidk
2