USD/CAD bearish trend startedYou can easily see in my analysis that bearish pressure started. It creates and Descending triangle and gives an breakout. Respecting trendline too.
USDCAD.1.MINI trade ideas
USD CADfrom the last week, waiting for a short.
but there are two possibilities. but me, I am waiting for a short on UC. waiting for a BE or BO
use proper risk management.
USDCAD bears need to break 1.2455-50 for convictionUSDCAD struggles to extend the previous day’s rebound during early Friday. Inability to rise joins downbeat MACD and sluggish RSI to keep sellers hopeful. However, a convergence of 50-day and 100-EMA surrounding 1.2455-50 becomes a tough nut crack for the pair sellers. On an immediate basis, a daily closing below the 1.2500 threshold becomes necessary to confirm the pair’s short-term weakness. It’s worth noting that July 30 low near 1.2420 acts as an extra filter before directing the bears towards the previous month’s bottom surrounding 1.2300.
On the flip side, USDCAD bulls remain directed towards a short-term falling trend line from July 23, near 1.2585, during further recovery. Also acting as the short-term hurdles are multiple tops marked since late July between 1.2590 and 1.2610. Should the pair buyers remain dominant above 1.2610, July’s top of 1.2807 and the yearly peak surrounding 1.2880 will be the key to follow.
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USD/ CAD SELL OPPORTUNITYUSDCAD may go to retest the zone, if this happens then we will wait for a good bearish candle and enter its closing
5Th Wave?Message me to learn 1 to 1!
USDCAD 15M TF
USDCAD has been going in a strong up trend and a reversal should also be seen soon!
It is now in its final wave and a nice move can be captured now!
we can see a great RSI double bottom once again!
Entry can be taken at reversal,
With keeping a safe SL at the previous low with the tgt at the top supply!
RR-3.5
Possible pips-0.00937
USD CADwaiting for a short on UC. wait for BE, even though it retest on downtrend line.
use proper risk management. Thank you
USD CADThere is two possibilities in UC. waiting for a BO or BE. There is a strong resistance and support zones.
Use proper risk management. Thank you
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..
