Trading Ideas-
Long positions above 1.3198 with targets at 1.3806 & 1.3976
Alternative scenario
If price goes down 1.3198 look for 1.2954 & 1.2735 as targets.
Supports and resistances
1.2954 & 1.2735
1.3806 & 1.3976
A clear upside break of the 50-DMA and a descending trend line from October’s peak keeps USDCAD bulls hopeful ahead of the Bank of Canada’s (BOC) interest rate hike announcement. That said, the Loonie pair’s upside towards the previous monthly top surrounding 1.3800 appears imminent. However, multiple hurdles near 1.3850 could challenge the quote’s additional...
USDCAD Buy trade opportunities
Its Overall Bullish trend its recently broken the resistance level and close above with good Bullish candle here is good opportunity to take a buy trade with good risk rewards
half bat man pattern + 4H shifting down red vectors + 4H mark down divergence + pins to the high , and below 800/50 ema. It has complete 3 levels to the upside and a touch of 4h 800 ema is possible + DXY is in mark down phase which further increases the probability
My USDCAD H1
Note:
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I post and share for educational purposes hence no idea we publish should be considered an investment advice.
I mostly share ideas with more than normal...
USDCAD grinds lower inside a bullish chart pattern. That said, the 50-DMA hurdle surrounding 1.3570 guards the Loonie pair’s immediate upside before highlighting the flag’s upper line, around 1.3620. In a case where the quote rises past 1.3620, the odds favoring a run-up toward the monthly high of 1.3976 and then to the 1.4000 psychological magnet can’t be ruled...
Hey guys,
I found one setup for sell usdcad. there is one unmitigated orderflow as well with inner order block. so it must be react on that zone.
Also currently price will take liquidity on inducement and it will sell from unmitigated order block.
Two zone will react at least 50-100 pips or more. take trade wisely.
Thanks.
H&S has been formed already and in our previous analysis we made this clear, again the neckline of the H&S was broken which we previously traded it on retest.
After this retest we expect the price it's low now however there were a raising trendline acting as support below after retest, if bears have the energy to push down then we'll reach the target of next...
Trading Ideas-
Short positions below 1.3562 with targets at 1.3204 & 1.2955
Alternative scenario
If price sustain above 1.3562 look for 1.3806 & 1.3976 as targets.
Supports and resistances
1.3204 & 1.2955
1.3806 & 1.3976
What Is Price Action?
Price action is the movement of a security's price plotted over time. Price action forms the basis for all technical analyses of a stock, commodity or other asset charts.
Many short-term traders rely exclusively on price action and the formations and trends extrapolated from it to make trading decisions. Technical analysis as a practice is a...
United States Dollar vs Canadian Dollar
USDCAD BULLISH H1
US Dollar has been down over the past week and it is really amazing to spot an opportunity for the upcoming raise of US Dollar.
Technical analysis:
We found several reasons for the USDCAD pricing to go high.
1. USDCAD has pumped up from support level around 1.32313, where 8H TM was managed to be kept by...
USDCAD Buy Trade Signal
it's reverse the market from the major support area and recently break the resistance area and make a very strong Bullish candle above its a very good opportunity to take a Buy trade with a good risk-reward target and the stop area is mentioned in the chart
Always Use Stop Loss
