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Usdcadsignal

Wednesday: USDCAD 2 - Week 28Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the support! ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
Short
by INotFancy
1
USDCAD in the bull run??USDCAD is consolidating between 1.2260 & 1.25. 1.25 level is a Resistance, which is also a major round figure that a lot of people will be paying close attention to. If we can clear the 1.25 level, it is very likely that we could go looking towards the 1.26 level. An impulsive bullish move just waiting to happen. You can buy low and sell high within the consolidation. Most longer-term traders will take a careful look at the market as an uptrend if we can break above the 1.26 level, and we are getting near to that happening. If the crude oil market go into a bear market, that might be enough to make it happen. Nonetheless, the US dollar has been strengthening for some time, even as oil prices have risen, so it does not necessarily have to play out that way. With that being said, there is always the negative possibility as well. If price break below demand level then I think the market probably will go towards the 1.20 level, a level of massive support. I'll be glad if you give a like, comment & share.
Long
by DontStopTrading
1
USDCAD short analysisAfter a downtrend USDCAD started consolidating and then broke from it on June 16th and is continuing going upside. Last week USDCAD failed to make a new higher high and closed with a big bearish engulfing. Even though my bias is bearish for a short period of time on this pair, i will wait and see how it reacts from demand-1 area. Break below demans-1 will expose demand-2. I am more curious about demand-2 and see how it reacts from there. From that area a short buy can be placed after confirming a price action signal.
Short
by DontStopTrading
1
USDCAD LongAs we can see the pair formed a Cup with a Handle, This is a bullish continuation pattern that marks a consolidation period followed by a breakout. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. As traders, we wait for a break out at the handle before entering a trade, Please use proper risk management : Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 14,26 Please like and share for more useful content:
Long
by Pro-Trading-Africa
1
USDCAD might go higher after the Pullback Welcome back Traders, Investors, and Community! Hi Traders, USDCAD as we see in the H1 chart has been in the Bullish channel for a while and has broken above a minor Resistance (1.2347). It seems that the price is going lower for a Pullback which might happen around 1.2367 before it goes higher to 1.2405, 1.2434 and 1.2480 We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have a Profitable Day
Long
by Fibonacci-Signals