CADUSD trade ideas
A trading opportunity to buy in USDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.4040). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 1.4115
TP2= @ 1.4261
TP3= @ 1.4667
SL= Break below S2
pattern is going goodwe can see a price action pattern in this pairs USDCAD, if we get a touch on the upper circuit , it will be a great sell opportunity
USDCAD SHORT 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 below 1.4266 where the hourly is turning down the pair can continue lower to correct the cycle up from the 12/31/19 lows.
USDCAD Market BUY 1.3931I don't trade this type of content as it is not allowed in India. Just for education , its looking Excellent buy in this current level of 1.3931
Don't miss the great sell opportunity in USDCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.4020). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCAD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
Take Profits:
TP1= @ 1.3920
TP2= @ 1.3854
TP3= @ 1.3760
SL: Break Above R2
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 1.3852 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.
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
