cup and hand formation USDCADhandle forming, I will enter in red zone. Beginner here tell me what you guys think OANDA:USDCAD
Usdcadlong
💡Don't miss the great buy opportunity in USDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2347).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 1.2405
TP2= @ 1.2434
TP3= @ 1.2480
TP4= @ 1.2525
TP5= @ 1.2594
SL= Break below S2
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USDCADDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As ai said in the last week...As you can see on the 1 week and 1 month chart, USDCAD is at a much too important point and much too strong not to think of a massive rejection and a BUY between 400 and 900 pips!
even if maybe it will test the trend line again ... I will set TP1 to 1.24700 and then to 1.29700 in the next period
THIS WEEK...UC reached the first TP from 1.24700 and even if it rejects and goes down to the 1.23700 area my final target remains 1.29700
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*This information is not a Financial Advice.
USDCAD USDCAD After a huge downwards trend it started to go up after creating Double Bottom. so every drop buy when u want to have a profit
💡Don't miss the great buy opportunity in USDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2080).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 58.
Take Profits:
TP1= @ 1.2140
TP2= @ 1.2190
TP3= @ 1.2265
TP4= @ 1.2350
TP5= @ 1.2470
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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USDCAD Hourly Chart Trendline Support- Long Setup USDCAD hourly chart is showing a trend line support. Long can be initiated at current levels 1.25700 with SL of 1.25450 a 25 Pips stop.
RISK Management/ Position Size-->> Risk can be calculated as per the given stops level. For example if your risk is $10-15 you should initiate the trade with not more than 5000 units.
USDCADUpside Trend {Down Trend Break}
TG1 = 1.28166
TG2 = 1.28516
TG3 = 1.28855
TG4 = 1.29334
STL = 1.27400
For DownTRend
TG1 = 1.27251
USDCADCurrent Trend(Downside)
TG1= 1.27720
TG2 = 1.7086
TG3 = 1.26202
STL=1.28360
For Upside Trend(If Trend Line Breaks)
TG1 = 1.28360
TG2 = 1.28871
TG3 = 1.29223
STL = 1.27086
USDCAD LONG TRADE! Actually i'm holding this trade from last week and now it's going to pay off for my patients.
USDCAD - #LongSide => Maybe it's an end of 5 down legsI think it'll terminate, which is high probable scenario...
BUY USDCAD!!!USDCAD has given us a beautiful retracement to the downside and this has given a great opportunity to take a long in this pair.
This region holds strong support(Weekly and Monthly) at prices that are supposed to bounce from here to the region of 1.38900 approx.
So, we can take a long position here :)
FOLLOW US FOR MORE!!!
USDCADUsdcad breakedout parallel channel pattern after reaching to the support zone, it has potential to make more highs.
FULL ANALYSIS OF USDCAD!!!!Okay, so what kind of situation do we have here in this pair...
Today USDCAD got support around at 1.37500 area. Now, prices might test 1.39000 levels before continuation to the downtrend ( As the region is broken).
But it's not the right time to enter short as we have to see the market reaction at 1.39000 levels. If prices get a rejection from there then we will be taking a good short from there!!!
At this time, we can take a long to 1.39000 target approx.
If not taking long then wait and keep this pair on your watchlist!!!
FOLLOW ME FOR MORE!!!!!
USDCAD LONG TRADE SETUPThe weekly is turning up against the 9/8/2017 lows at 1.2061. The daily & 4 hour right side is up with a bullish sequence against the 12/31/19 lows at 1.2944. While above 1.3852 where the hourly is turning up the pair can bounce to correct the cycle lower from the 3/19/20 highs before a turn lower to correct the cycle up from the 12/31/19 lows.
USDCAD WEEKLY FORECAST (20TH APRIL TO 24TH APRIL )The weekly is turning up against the 9/8/2017 lows at 1.2061. The daily and 4 hour right side is up with a bullish sequence against the 12/31/19 lows at 1.2946. While above 1.3850 where the hourly is turning up the pair can bounce to correct the cycle lower from the 3/19/20 highs before a turn lower to correct the cycle up from the 12/31/19 lows.
