USDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Usdcadsignal
DeGRAM | USDCAD at strong resistence USDCAD is moving in an ascending channel.
Price action is testing a strong resistance level and it shows a divergence.
We might see a short-term pullback.
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USDCAD possible buy zone!!USDCAD has formed a bullish engulfing on the weekly timeframe in the direction of the up trend. On the daily, there is an inverted head & shoulder visible. On the retest of the neckline of daily inverted head & shoulder, a long trade is possible!
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USDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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 possible breakdown?USDCAD (4H) has been rejected monthly resistance. As the price was moving along an upward channel, the price is likely to drop back to the support zone. Currently, on 4H we see a head & shoulder with double Doji, possible breakdown ahead?
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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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USDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.