Usdcadshort
USDCADYOU SHOULD TAKE THE TWO SIDE PROFIT
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BEARISH IDEA ON USDCAD H1 My USDCAD H1
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USDCAD BEARISH IDEAH&S has been formed already and in our previous analysis we made this clear, again the neckline of the H&S was broken which we previously traded it on retest.
After this retest we expect the price it's low now however there were a raising trendline acting as support below after retest, if bears have the energy to push down then we'll reach the target of next support level of 2.30089.
The FED's pivot is underway and the interest rate hikes is expected to be halt my the FED, this will cause more weakness to greenback.
USDCAD Sell trade opportunitiesUSDCAD Sell trade opportunities
Overall its a sell trend that recently breakout the short-term support line next prediction is will retrace some pips to test the resistance line as I mentioned in the chart or it can be moved down from this point to the next support line.
USDCAD: BearishUSDCAD trading in a parallel channel and it looks like the correction is still pending. Rejected from the previous resistance zone USDCAD is likely to trade lower in the coming sessions.
Trading strategy:
Keeping SL of 1.295 any rise should be taken as selling opportunity for the target of 1.28500/ 1.28000
USDCAD Trading Plan - 16/Jun/2022Hello Traders,
Hope you all are doing good!!
I expect USDCAD to go DOWN after finishing correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
USDCAD Sell trade opportunitiesUSDCAD Sell trade opportunities
USDCAD currently bearish trend and is expecting to breakout if it closes below the support area with a very strong Bearish candle then market will be further moving into a bearish phase after confirmation of a breakout wait to retracement then enter in sell trade with a very good risk rewards
"Always trade with Stop Loss"
USDCAD Trading Plan - 10/May/2022Hello Traders,
Hope you all are doing good!!
I expect USDCAD to go down from here.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea