USDCAD.1.MINI trade ideas
USDCAD 1HR short possibilityUSDCAD 1HR short possibility set your stop loss and enjoy the trade. best of luck
Short-Term Elliotical Approach to USDCAD Long.Hello Traders!
1. This analysis is based on the previously published longer-term analysis.
2. The count has been stated along with certain warnings and guidelines.
Do use proper risk management.
Happy Trading.
Profits,
Market's Mechanic.
USDCAD Long Opportunity till previous High>> The security has been coiling for the last several session, especially during the last five sessions.
As the 1.25 * average of 5-days range over the last 10 period is approximately 0.02, it is expected that the energy released after the move from the range would also be around 0.02. Thus, 1.36803 (Prev. session's mid-pt.) + 0.02 (1.25 * Average range) = 1.39 (which is also the prev. quarter's high and around our ADR100 calculation. Thus, the confluence.)
USDCAD OB 30 MIN CHARTUSD CAD had formes DOUBLE TOP on 30 min chart
with strong support on rising trend line.
on break of trend line on uo side it may come in bullish run
strong break out above DOUBLE TOP
( ONLY FOR EDUCATIONAL PURPOSE)
USDCAD is bullishThe pair is making hh and hl continuosly , and in the correction phase it formed a bullish candle which a sign of reversal
USDCAD bulls need to cross 1.3700 for confirmationUSDCAD bulls struggle to defend the two-week-old winning streak ahead of the Canadian GDP data. However, the Loonie pair stays beyond the fortnight-long support line, as well as the key moving averages, to keep buyers hopeful. That said, a horizontal area comprising multiple levels marked since early October 2022, around 1.3700 appears the key upside hurdle for the pair. Following that, a run-up towards the 1.3830 and the 1.3900 threshold could be quick. In a case where the quote remains firmer past 1.3900, the previous yearly top surrounding 1.3975 and the 1.4000 psychological magnet could challenge the upside momentum. It should be noted that the RSI appears overbought but the MACD remains bullish, which in turn highlights the incoming data.
Meanwhile, pullback moves may initially poke the immediate support line near 1.3580 before approaching the 100-DMA support of around 1.3500. In a case where the USDCAD remains weak past 1.3500, a gradual downturn toward the 200-DMA close to 1.3260 can’t be ruled out. However, the Loonie bears need a clear downside break of the stated key DMA support to retake control.
Overall, USDCAD remains on the bull’s but a pullback can’t be ruled out unless the price remains below 1.3700. That said, strong prints of Canadian GDP could trigger the much-needed retreat of the Loonie pair.
Price ActionUSDCAD seems like it has found resistance to favor bears. Use proper risk management. Lets Download Success
USDCAD ANALYSIS Market now forming an bullish pennant pattern structure, it's time to buy opportunity
Target expect at @1.3875
Long On USDCAD Buy Entry On USDCAD
As A Trader I Completely Believe On Sentence " TRADING IS SO SIMPLE (If We Stay Consistent & Discipline With Our Strategy) BUT NOT EASY (If We Start Breaking Our Trading Strategy Rule.)"
"Below All Conditions Are Meet To Take Long Entry On USDCAD"
(1) Entry Price - 1.33334
(2) Stop Loss - 1.33054
(3) Take Profit - 1.34146
TIMEFRAME - 1 HOUR
Here I'm Going To Explain My Own Strategy Step By Step With The Help Of Word - "CEST - B" Where ,
"C" Stand For - CONDITION
(1) RSI For Long Entry - I Want RSI(14) In Oversold Area(30Level).
(2) RSI For Short Entry - I Want RSI(14) In Overbought Area(70Level).
(3) Candlestick For Long Entry - Need Bullish Big Shadow candle When RSI Is In Oversold Area.
(4) Candlestick For Short Entry - Need Bearish Big Shadow candle When RSI Is In Overbought Area.
(5) We Need Regular Divergence If RSI Is Not In Overbought or Oversold Area When Big Shadow Candle stick Form.
"E" Stand For - ENTRY
(1) For Long - Opening Price Of Previous Candle Of Bullish Big Shadow.
(2) For Short - Opening Price Of Previous Candle Of Bearish Big Shadow.
"S" stand For - STOP LOSS
(1) For Long - ATR(14) Of Bullish Big Shadow + Distance From Entry Price To Low Of Bullish Big Shadow + 2Pips Extra ( Spread).
(2) For Short - ATR(14) Of Bearish Big Shadow + Distance From Entry Price To High Of Bearish Big Shadow + 2Pips Extra ( Spread).
"T" Stand For - TAKE PROFIT
Take Profit Will Be 2.9 Times Of Our Risk Which Means If Our Risk On Single Trade Is 3% Then Take Profit Will Be 8.7% .
Risk - Reward Ratio - 1:3
"B" Stand For - BREAK-EVEN
(1) For Long - If RSI(14) Reach To Overbought Area We Will Move Our Stop Loss To The Break-Even.
(2)) For Short - If RSI(14) Reach To Oversold Area We Will Move Our Stop Loss To The Break-Even.
NOTE - Consistency & Discipline Is A Key Element Of Success.
Long On USDCADBuy Entry On USDCAD
As A Trader I Completely Believe On Sentence " TRADING IS SO SIMPLE (If We Stay Consistent & Discipline With Our Strategy) BUT NOT EASY (If We Start Breaking Our Trading Strategy Rule.)"
"Below All Conditions Are Meet To Take Long Entry On USDCAD"
(1) Entry Price - 1.33634
(2) Stop Loss - 1.33284
(3) Take Profit - 1.34650
.
TIMEFRAME - 1 HOUR
Here I'm Going To Explain My Own Strategy Step By Step With The Help Of Word - "CEST - B" Where ,
"C" Stand For - CONDITION
(1) RSI For Long Entry - I Want RSI(14) In Oversold Area(30Level).
(2) RSI For Short Entry - I Want RSI(14) In Overbought Area(70Level).
(3) Candlestick For Long Entry - Need Bullish Big Shadow candle When RSI Is In Oversold Area.
(4) Candlestick For Short Entry - Need Bearish Big Shadow candle When RSI Is In Overbought Area.
(5) We Need Regular Divergence If RSI Is Not In Overbought or Oversold Area When Big Shadow Candle stick Form.
"E" Stand For - ENTRY
(1) For Long - Opening Price Of Previous Candle Of Bullish Big Shadow.
(2) For Short - Opening Price Of Previous Candle Of Bearish Big Shadow.
"S" stand For - STOP LOSS
(1) For Long - ATR(14) Of Bullish Big Shadow + Distance From Entry Price To Low Of Bullish Big Shadow + 2Pips Extra ( Spread).
(2) For Short - ATR(14) Of Bearish Big Shadow + Distance From Entry Price To High Of Bearish Big Shadow + 2Pips Extra ( Spread).
"T" Stand For - TAKE PROFIT
Take Profit Will Be 2.9 Times Of Our Risk Which Means If Our Risk On Single Trade Is 3% Then Take Profit Will Be 8.7% .
Risk - Reward Ratio - 1:3
"B" Stand For - BREAK-EVEN
(1) For Long - If RSI(14) Reach To Overbought Area We Will Move Our Stop Loss To The Break-Even.
(2)) For Short - If RSI(14) Reach To Oversold Area We Will Move Our Stop Loss To The Break-Even.
NOTE - Consistency & Discipline Is A Key Element Of Success.
USDCAD MULTI TIME FRAME ANALYSISHello traders! I am providing a comprehensive multi-timeframe analysis for this specific currency pair. Please let me know in the comments section below if you have any inquiries. It is important to note that a trade entry will only be executed if all the rules of the strategies are fulfilled. I advise patience and to wait for further price movements before making a move. Additionally, it would be wise to add this pair to your watchlist and monitor it closely to determine if the rules of your strategy are being met.
USDCAD DAILY TECHNICAL ANALYSIS Trading Ideas-
Long positions above 1.3197 with targets at 1.3697 & 1.3976
Alternative scenario
If price goes down 1.3197 look for 1.2954 & 1.2735 as targets.
Supports and resistances
1.2954 & 1.2735
1.3697 & 1.3976
Short on USDCAD Sell Entry on USDCAD
Entry price , Target & Stop Loss all the details Available in Screenshot.
USDCAD bulls brace for re-entry ahead of crucial Canada eventsFriday’s US jobs report finally offered the much-needed bounce to the USDCAD pair. However, the Canadian employment numbers and Bank of Canada (BoC) Governor Tiff Macklem’s speech makes the current week all the more important for the Loonie pair traders. Also making the quote interesting is the latest piercing of the 1.3430 resistance confluence, comprising the 13-day-old bearish channel’s top line and 200-EMA. It’s worth noting that the oscillators aren’t quite impressive for the bulls and hence the pair buyers must wait for successful trading beyond the 1.3430 hurdle to retake control. Even so, the January 19 swing high near 1.3520 could probe the upside momentum before directing prices towards the previous monthly top surrounding 1.3685.
Meanwhile, USDCAD pullback remains elusive unless staying beyond 1.3350 support, a break of which could recall bears targeting the late 2022 bottom surrounding 1.3225. During the fall, the stated descending channel’s lower line, close to 1.3250 may act as an intermediate halt. In a case where the Loonie bears dominate past 1.3225, the 1.3000 psychological magnet may act as a buffer during the south-run targeting September 2022 low near 1.2965.
Overall, USDCAD bears are running out of steam as they approach this week’s key data/events.
USDCAD## $ FALLING WEDGE## TREND REVERSEL##I found the falling pattern in USDCAD so may be it will reverse the trend after some times . let see what will happend .
Elliotical Approach to USDCAD Long.Hello Traders!
1. We see an Expanding Leading Diagonal for Wave 1.
2. As per the guidelines, the most common level for retracement of a leading diagonal is 78.6% . That is exactly what happened here. We also have a support on the same level.
3. We have a clear invalidation level at the start of Wave 1 .
4. The most expected target for Wave 3 would be 161.8% of Wave 1 as per the guidelines . The target could differ as per more development in price action.
5. There is a bit of a change when concerning the original idea. It has been attached.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
Smart earning IdeasHello traders USDCAD a Buy tread setup, don,t miss this chance good opportunity for you follow me on treading view for more ideas .../// thank you
USDCAD bears eye 1.3250 strong support on BoC dayUSDCAD sellers hold the reins for the sixth consecutive week so far as traders await the Bank of Canada (BoC) interest rate decision on Wednesday. That said, the BoC’s likely 0.25% rate hike is expected to join the bearish MACD signals and favor the pair bears. However, a convergence of an upward-sloping trend line from June 2022 and a 50% Fibonacci retracement of the quote’s June-October 2022 upside, near 1.3250, appears a tough nut to crack for the sellers. Adding strength to the stated support is the RSI conditions suggesting a recent weakness in downside momentum. Even if the quote breaks the 1.3250 support, the 200-DMA level surrounding 1.3180 could act as the last defense of the Loonie pair buyers.
Alternatively, a surprise disappointment from the BoC, either with or without the rate lifts, could trigger the much-awaited USDCAD rebound. In that case, the 100-DMA and previous support line from September 2022, close to 1.3500-10, will be a strong hurdle to watch for the bull’s entry. Following that, a run-up towards the previous monthly high near 1.3700 can’t be ruled out. It should be observed that the pair’s successful rise beyond the 1.3700 resistance can witness multiple challenges between 1.3810 and 1.3830, a break of which could direct buyers towards the previous yearly top marked in October around 1.3975.
To sum up, USDCAD is likely to remain bearish unless the BoC offers any negative surprises. However, the downside room is limited.
USDCADYOU SHOULD TAKE THE TWO SIDE PROFIT
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