The current structure looks like an ending diagonal which suggests that there should be a pullback to the origin of the diagonal. One shold go long on current levels with SL of 1.259 for tgt of 1.269/ 1.271
USDCAD Forecast IMO Give a Like and Feel free to share your opinions in the comment! Happy Trading 😊
It takes an support from demand zone as well as on her old trendline.
USDCAD is in good uptrend and it has came for small pullback. Previous swing on 4H timeframe may act as a support for the price before starting another push phase. So watch out for this level. Comment down your thoughts.
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.2515). . 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...
USDCAD Short R/R: 1:4 Feel free to share your opinions in the comment!
USDCAD Long R/R: 1:3 Feel free to share your opinions in the comment!
Bullish flag in making on USDCAD ...chances of trend continuation as oil recovered from lows!! *oil and USDCAD goes hand in hand*
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.2416). . 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...
handle forming, I will enter in red zone. Beginner here tell me what you guys think OANDA:USDCAD
Trading 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...
Dear 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...
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
Trading 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...
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.