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USD/CAD (OANDA EU Clients)

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USDCAD.PRO.OTMS trade ideas

Falling wedge - BUYPrice is forming a falling wedge pattern. So looking to enter long. Please Note: Just knowing the direction of the next move will not help being profitable in the long run. There is a lot more to it with regards to the entry technique and trade management after entering the trade. If you look at my previous trades, 90% are impulsive moves covering about average of 80-100 pips. So you need to make sure you enter the trade at the right time and manage the trade to get to squeeze maximum amount of pips from it. Comment below in case if you need to know how to do it if interested.
Long
by jetly232
USDCAD- case of Ending diagonalVery soon there will be a trend reversal in the pair USDCAD. The current price structure is forming an ending diagonal which is going to complete the long term corrective wave A-B-C started in the month of march. The another reason for expecting a trend reversal is the bottom formation of dollar index, which clearly suggests that major reversal going to take place. Important levels are 1.30800 as the last & Above: 1.32400 reversal confirmation.
Education
by TradingSutra
Don't miss the great buy opportunity in USDCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.305). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 52. Take Profits: TP1= @ 1.3115 TP2= @ 1.3167 TP3= @ 1.3330 TP4= @ 1.3330 TP5= @ 1.3488 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
2
USDCAD analysis for short term as per Wave TheoryPlease check the Long term analysis for the bigger picture; As per the bigger picture we know there is a Flat structure forming and hence we will have a downward Impulse; In short we will have a 5 Wave structure formed in the downward direction; Below is the Wave 1 complete picture verifying every Wave in the Wave 1 which confirms completion of the Wave 1 and now Wave 2 will be an Upward Move as its gonna be a Correction; Confirms completion of Wave 1 After the completion of Impulse we have a Correction hence here is the picture of the Type 2 Zigzag (where Wave A or C one of them is 5 Wave Impulse whilst other is a ABC correction) This completes WAVE A a 3 Waved structure and now Wave B is forming lets check it out as well; For now we have a downward 5 Wave Impulse almost formed which makes Wave A (Wave A of Wave B) then we will have an upward Correction (Wave B of Wave B); then we will have a downward correction structure Wave C (Wave C of Wave B) After completion of Wave A and B which will be both 3 Wave structures then we will have an Upward Impulse a 5 Wave structure. This will complete WAVE 2 on the bigger picture; I am sure about this analysis; this is based on Elliott Wave Theory
Short
by Kruti0210
USDCAD analysis as per Wave Theory We see a downward Impulse complete and then a Correction ABC, in the upward direction which is Wave A; Wave B will be a downward correction as Wave B is in counter Trend direction; also we see in Wave B we have a Wave A as a 3 Wave structure Wave B also is a 3 Wave structure hence Wave C will be a downward Impulse and thus Wave B will complete. Hence we are looking for a massive move in the downward direction; So this is our Long Trem Trend and now accordingly we can keep shorting in every pullback
Short
by Kruti0210