usdcadsell

Anandha_Kumar_N

This is risky Before entering the trade do your own research!

dinakaran1989

usdcad day trade... sell 1:3 risk.......... goodluck............. tele gram: veeran_vaalarivan

TradingSutra Updated 

According to elliott wave rule , in an impulse wave 4 cannot intervene into the the territory of the wave 1 . The current structure shows that USDCAD is forming a wave 4 & is likely to end soon. One should go short on any rise keeping SL of 1.2595 & look for the target of 1.2285 and 1.20500 and below.

Ayrusgod

this pattern form head and shoulder Already its broke the line we entre the sell side because i too let to saw this

krishna256177

USDCAD Forecast IMO Give a Like and Feel free to share your opinions in the comment! Happy Trading 😊

krishna256177 Updated 

USDCAD Short R/R: 1:4 Feel free to share your opinions in the comment!

TradetimeNY Updated 

So after the NFP, we didn't expect much momentum in the market and we have ISM Services PMI. I'm expecting negative reports according to my strategy.

Ragnark7 Updated 

Downsaide Trend (Sell Order) TG1 = 1.28800 TG2 = 1.28498 STL = 1.29286

Kruti0210

Please check the Long term analysis for the bigger picture; As per the bigger picture we know there is a Flat structure forming and hence we will have a downward Impulse; In short we will have a 5 Wave structure formed in the downward direction; Below is the Wave 1 complete picture verifying every Wave in the Wave 1 which confirms completion of the Wave 1 and now...

Kruti0210

We see a downward Impulse complete and then a Correction ABC, in the upward direction which is Wave A; Wave B will be a downward correction as Wave B is in counter Trend direction; also we see in Wave B we have a Wave A as a 3 Wave structure Wave B also is a 3 Wave structure hence Wave C will be a downward Impulse and thus Wave B will complete. Hence we are...

ng_forex Updated 

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!!!

ng_forex

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...

ng_forex

There is a wedge pattern in daily chart of USDCAD, and indicating that it may test 1.3800 level again. So, it's a great time to go short on USDCAD and TP - 1.3900 approx. It have high chances to test this level

ng_forex

LONG USD CAD will give profit. At this time it is at support TP-1.42300

velmunis

USDCAD The oil dependant canada is nowdays struggling to recover as the oil prices are are at low level and currently trading at 20 dollar per barrel Which inturns its affects the CAD negatively Currently in USDCAD Elliot wave if forming, Wave 01 is completed and wave 02 is forming We can expect to close this wave at resistance level 1.42100 which is...