USDCAD Sell Setup R:R 1:5Reason for the trade
1. Market is in short term down trend.
2. Order block with FVG.
3.Liqudity/Inducement.
Enter the trade once CHoCH with body close with IDM line.
Plesase DYOR before entering the trade.
Usdcadsell
USDCAD R:R 1:10Wait for Trendline and Equal Highs Liquidity grab.
Then Wait for 4 Hr POI and look for CHoCH in 15 min
Then Enter the market.
Please DYOR before entering the trade
USDCAD- 1DThe Dollar has been weaker for this time and thus all the dollar pairs seems to be bearish. This setup looks good for selling opportunity and aiming for 1.3370.
Note- This is my own analysis and thus not to be considered as trading signal, before making any decisions kindly do your own research, as trading is highly risky.
USDCADUSDCAD recently broke down the uptrend and retested the imbalance area. We can witness a smooth move of 240 pips taking. We will have to wait for price to settle down on Monday as we had NFP On Friday.
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USD-CAD looking good on short sideprice is making HIGHER LOW follow the HL and wait for the price to get into Higher time frame SUPPLY ZONE
we further look for LOWER HIGH & LOWER LOWS
with good risk to reward we can enter the trade and aim for the recent HIGHER LOWs (marked in green zone)
usdcadFX:USDCAD
As you can see that, USDCAD has created a good horizontal support zone, Head and shoulders pattern. If it gives breakout and retest the same drawn level then we can plan for sell side. Plan your trade accordingly...
USDCADFX:USDCAD
As you can see that, USDCAD has created a head and shoulder and if it breaks the support neck line, gives retest then we can plan for sell side... plan your trade accordingly.....
usdcad sellusdcad day trade...
sell 1:3 risk..........
goodluck.............
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USDCAD: BEARISH CONTINUATIONAccording 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.
USDCADthis pattern form head and shoulder Already its broke the line we entre the sell side because i too let to saw this
USDCAD ForecastUSDCAD Forecast
IMO
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USDCAD Long!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.
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
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
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!!!
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!!!!!
SELL USDCADThere 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
USDCAD Elliot impulse wave formationUSDCAD
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 also a 61.8% Fibonacci
From this level we can open short positions and the primary target would be 1.37270 which is a 1.272% Fibonacci
And the final target would be 1.33280 which we are expecting the point where the wave 05 going to close
Stop lose may placed above the 1.43050 level which is a 50% Fibonacci
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