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Usdcadsell

USD/CAD 1H Supply Zone Reversal Setup – Bearish Trade Plan🔵 Supply Zone (Resistance) 📍 1.39457 – 1.40000 Price is expected to face selling pressure here. This is a potential reversal area. 🔽 Entry Point: 1.39457 👀 Waiting for price to enter the supply zone before a possible drop. ❌ Stop Loss: 1.40000 🔺 Just above the supply zone – if price breaks this level, the bearish setup is invalid. 🎯 Target: 1.37500 ✅ This is the expected take-profit level if price reverses from the supply zone. Plan Summary 📈 Wait for price to enter the blue supply zone 🛑 Place stop loss at 1.40000 ✅ Target at 1.37500 🔄 Risk-to-reward ratio is favorable (~1:2.5) Chart Structure 🔻 Trend: Bearish 📉 Price is below the 7 EMA (1.39227), confirming downward momentum.
Short
by Jameshead007
4
"AUD/PLN Technical Analysis – Potential Sell Setup (March 26, 20Sell Zone (Purple Area) This area marks a strong resistance level, where price is expected to reverse downward. Price has entered this zone, which might indicate a potential short-selling opportunity. Stop Loss (Above Sell Zone) The stop-loss level is set at 2.45119, just above the resistance zone. This protects against a breakout if the price continues upward instead of reversing. Entry Confirmation Price action shows a sharp upward movement into the resistance area. If price starts rejecting this zone (e.g., bearish candlestick patterns like pin bars or engulfing candles), it could confirm a sell entry. Target Point (Blue Line at 2.42868) The take-profit level is set at 2.42868, suggesting a downward move if price reverses. This area might act as the next support zone. Exponential Moving Averages (EMAs) 30 EMA (Red Line): 2.43595 (Short-term trend indicator). 200 EMA (Blue Line): 2.43464 (Long-term trend indicator). Price is currently above both EMAs, which suggests a bullish trend, but the resistance zone might trigger a reversal. Trading Strategy Suggestion ✅ Bearish Setup: Look for rejection signals in the sell zone before entering a short trade. ✅ Risk-Reward Ratio: The stop-loss is tight compared to the potential profit target, making it a favorable setup. ✅ Confirmation Needed: A clear bearish signal (e.g., a strong rejection candle) can increase trade confidence.
Short
by EA_GOLD_MAN_COPY_TRADE
USDCAD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD USDCAD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Short
by tradergyan01
USDCAD analysis for short term as per Wave TheoryPlease 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 Wave 2 will be an Upward Move as its gonna be a Correction; Confirms completion of Wave 1 After the completion of Impulse we have a Correction hence here is the picture of the Type 2 Zigzag (where Wave A or C one of them is 5 Wave Impulse whilst other is a ABC correction) This completes WAVE A a 3 Waved structure and now Wave B is forming lets check it out as well; For now we have a downward 5 Wave Impulse almost formed which makes Wave A (Wave A of Wave B) then we will have an upward Correction (Wave B of Wave B); then we will have a downward correction structure Wave C (Wave C of Wave B) After completion of Wave A and B which will be both 3 Wave structures then we will have an Upward Impulse a 5 Wave structure. This will complete WAVE 2 on the bigger picture; I am sure about this analysis; this is based on Elliott Wave Theory
Short
by Kruti0210
USDCAD analysis as per Wave Theory 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 looking for a massive move in the downward direction; So this is our Long Trem Trend and now accordingly we can keep shorting in every pullback
Short
by Kruti0210
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!!!!!
by ng_forex