USDCAD.1.CSM trade ideas
USDCADDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As i said in the last weeks...UC climbed again to the 1.24700 area, as I said last week, see where it had a very strong rejection, forming a range in this area!
in the next period I will wait for a close for at least 1 day ... or over 1.24900 from where I will look for BUY until my final target 1.29
THIS WEEK... USDCAD rejected and closed above 1.24700 as I said in the last weeks and even if it rejects from the 1.26300 area and will force and the 1.24700 area I will continue to stay in BUY until the 1.29 area ... my final target!
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GREAT ATTENTION:
*This information is not a Financial Advice.
💡Don't miss the great buy opportunity in USDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2515).
. 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 an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 65.
Take Profits:
TP1= @ 1.2602
TP2= @ 1.2646
TP3= @ 1.2731
TP4= @ 1.2787
TP5= @ 1.2872
SL= Break below S2
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USDCAD Break Support level in 4HR TimeframeUSDCAD Break Support level in 4HR Timeframe:
We have two option
1) if price retest then short positive much better
2) if price continue falling then we set our targets.
USD CAD - 4 HOUR ANALYSIS CMP 1.247 SHORT @ 1.255- 1.258 SUSD CAD - 4 HOUR ANALYSIS
CMP 1.247
SHORT @ 1.255- 1.258
SL 1.26645
TARGET1.245- 1.233- 1.225- 1.22- 1.215+
BULLISH FLAG ON USDCADBullish flag in making on USDCAD ...chances of trend continuation as oil recovered from lows!!
*oil and USDCAD goes hand in hand*
USD/CAD SHORT (80 PIPS)USD/CAD TRADING IN A NICE CHANNEL PATTERN ...EXPECTING PRICE WILL REVERSE FROM HERE TO THE NEAREST SUPPORT SL WILL BE 30 PIPS FROM HERE AND TP WILL BE 80 PIPS TILL SUPPORT 1.24634..
#usdcadMy ideas are sometimes hidden because I don't describe much.
But the reality is that I don't trade patterns, I trade price. You will hardly see patterns/trend lines on my chart. If you find the patterns like HNS, cup and handle, wedge or whatever, it is because I just see it, but it has no relevance to the trades I take.
You might see some patterns I use on NSE but never on FX.
IMO, patterns are deceptive, I just trade price. But obviously, you can trade patterns, and it might work for you.
I just share my ideas to make people see the price from my perspective, and not to take a trade.
If you are completely beginner, the above chart will go above the head, but once you understand price, you will get what I am showing. Simple. I openly share where some mentors will charge handsome amount for it, in the end it's all about perspective, and I am showing it from my side. It's up to you how you see it.
It's 70% psychology and 30% technical.
Cheers.
Regards
USDCADUSDCAD!! descending triangle in making... a little more consolidation can be seen as ADX is down to 14... wait for ADX to rise before tracking position!
