USDCAD - Selling opportunity (Part II)USDCAD - Selling Opportunity (Part II).
Timeframe of the analysis: 4H.
After the first analysis on USDCAD with double Take Profit and having already achieved the first one, the price has formed a bearish continuation pattern that we hope will break in the next move and take us to the final profit-taking point.
Trade ideas
usdcad analysis Trade Idea: sell
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 2
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!AND IF YOU have any doubt , WHAT STOPPING YOU TO ASk
USDCAD - SELL Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 :
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!AND IF YOU WANT TO LEARN IT WHAT STOPPING YOU TO ASK HOW ?
USDCAD - Opportunity: Sell after chart pattern breakout.USDCAD - Opportunity: Sell after chart pattern breakout. Timeframe of the analysis: 4H.
We observe convergence of different signals confirming our strategy to enter a sell position. We place the Stop Loss at the last high and set two Take Profit levels, one moderate and another with a higher projection and longer-term.
USDCAD AnalysisI was looking at the USDCAD and it might see it's bearish structure and possibly it'll fall more as I expected.
Currently I'm looking for sell trade on USDCAD at market price of 1.32713 and I'll use 1.33322 as my stop loss so then I'll use my three target's respectively 1st target should be swing low at 1.31000 something and 2nd & 3rd target respectively demand zones.
Fundamentally it looks bearish as of recession in the united states and some of strong events that'll cause usdcad fall down i.e>>>
Building Permits
Retail Sales MoM
Inflation Rate YoY
Thanks,
San
USDCAD- BearishAfter the completion of a corrective rise in the first week of Jul'23 the currency pairs is forming lower lows and lower highs in an impulsive manner. We can count a five structure in the internals of each leg. Also we have a bullish outlook on AUDUSD then we must go short USDCAD as both the pairs are negatively correlated.
One should go short on current levels with SL of 1.33 and look for the target of 1.3000 and 1.2900 in the coming days.
Sell Alert on USDCADMy Analysis:
1. Channel up breakout
2. Fast EMA crosses below Slow EMA
3. Price falls below the 200 EMA
4. Enough volume for Bearish movement
5. RSI moving downwards and just crosses the middle line
BREAKOUT PRICE:1.32816
STOPLOSS: 1.33135
TARGET 1: 1.32070
TARGET 2: 1.31280
PROBABILITY: More than 80%






















