CADUSD trade ideas
USDCAD LONG TRADE SETUPThe weekly is turning up against the 9/8/2017 lows at 1.2061. The daily & 4 hour right side is up with a bullish sequence against the 12/31/19 lows at 1.2944. While above 1.3995 where the hourly right side is up the pair can bounce to correct the cycle lower from the 3/19/20 highs before a turn lower to correct the cycle up from the 12/31/19 lows.
USDCADUSDCAD LOOKING LIKE BULLISH IN MARKET BUT O TOP THERE IS RESISTANCE AND RESISTANCE ZONE WHEN IT BREAK RESISTANCE ZONE IT MAY HAVE STRONG BULLISH MARKET .... BUT MAX CHANCES IS MAY MAY BE BEARISH.
#VSGROUPS #VAMSHICHICHU #USDCAD
test 1 update v2the trade is no longer valid, i'm removing my pending orders form it, i may found some another opportunity in usd/cad but till then its out of my trading list
USDCAD WEEKLY FORECAST (20TH APRIL TO 24TH APRIL )The weekly is turning up against the 9/8/2017 lows at 1.2061. The daily and 4 hour right side is up with a bullish sequence against the 12/31/19 lows at 1.2946. While above 1.3850 where the hourly is turning up the pair can bounce to correct the cycle lower from the 3/19/20 highs before a turn lower to correct the cycle up from the 12/31/19 lows.
a fall started... pic speaks a lot... but now only I have few words left.. here u go....
1) a double top in 1W..
2) 4hr a trend reversal is confirmed
3) 30 min a LH formed and started a fall.. hit 1st target.
4HR - target -- 1) 1.40082 (already hit the target.)
2) 1.39406
3) 1.38673
4) 1.38311
in WEEKLY target -- 1) 1.17347 .
test 1 update v1if support stay unbroken then its the last update and enrty at same level, if broken support then wait for up date !
There is a buy opportunity in USDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.3987). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCAD is in a down trend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 66.
Take Profits:
TP1= @ 1.4245
TP2= @ 1.4348
TP3= @ 1.4667
SL= Break below S2
USDCAD Analysis Triangle patternNow USDCAD formed Triangle pattern..
Chart will reach the Target as per Fib levels mentioned. Since this is higher time frame, 2-8 weeks time to reach the target.
