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USD/CAD LMAX

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USDCAD_LMAX trade ideas

USDCAD: Looking for a reaction near a demand zoneI am looking for a bounce off the 1.3577 level (see 1H chart) on what I believe to be a demand zone. I will NOT be entering a trade until AFTER the US CPI data due for release at 12:30 GMT. I am looking for a hammer or engulfing candle pattern (on candle closure) as a signal to enter the trade and place my SL at 1.3560. TP will be 1.3600. If the price drops through the zone or I don't see the correct candle pattern I will scratch the trade. I will update later.
Long
by ratcatcher
2
USDCAD 4H slipping...By the price position since last month(August) the price seems to be in an uptrend correction after a strong fall from the beginning of August. It is not clear if this upward move it is just a correction or some trend change but sure to confirm a change the price needs to break the 1.36153 previous Support turned Resistance. The Daily support at 1.34392 still strong and the most relevant Resistance level is at 1.37868, probably the next target if price breaks the 1.36153. The RSI is just about to leave the overbought level what may indicates a possible pullback, even for a short drop to re-test the dynamic Support for the EMA(21). The drop of the Brent Oil has helped the USD in recovering some losses, as well as the risk appetite caused by the global economic turmoil pushing the investors for the “safe heaven” like USD or JPY.
Long
by cyberFX2019
USDCAD H4 | Bullish Bounce Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.3564, which is a pullback support. Our take profit will be at 1.3661, a pulllback resistance. The stop loss will be placed at 1.3503, which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
1
SELL USDCAD for downtrend continuation SELL USDCAD for downtrend continuation There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Short
by BALE_FX