This is risky Before entering the trade do your own research!
Look like the usd index is dropping speedly, so we can expect the fall more. Use proper risk management !Happy Trading
good but setup for usdcad buy zone+2channels + weak candels
Trading Ideas- Long positions above 1.3194 with targets at 1.3861 & 1.4168 Alternative scenario If price goes down 1.3194 look for 1.2956 & 1.2820 as targets. Supports and resistances 1.2956 & 1.2820 1.3861 & 1.4168
USDCAD outlook, USDCAD rally continues as oil plunges lower
this area is very important for usdcad in daily tf because of if formation is create inverse cup and pattern then strong buy
Trading Ideas- Long positions above 1.2948 with targets at 1.3397 & 1.3555 Alternative scenario If price goes down 1.2948 look for 1.2820 & 1.2684 as targets. Supports and resistances 1.2820 & 1.2684 1.3397 & 1.3555
Fed"s rate decision is already priced in. Expecting short from this zone
After breakout of resistance levels, we expect the pullback to breakouts levels and continue the up trend.
Trading Ideas- Long positions above 1.2810 with targets at 1.3234 & 1.3396 Alternative scenario If price goes down 1.2810 look for 1.2685 & 1.2521 as targets. Supports and resistances 1.2685 & 1.2521 1.3234 & 1.3396
usdcad buy setup found with elliott wave usdcad buy setup found with elliott wave
Trading Ideas- Long positions above 1.2810 with targets at 1.3234 & 1.3396 Alternative scenario If price goes down 1.2810 look for 1.2685 & 1.2521 as targets. Supports and resistances 1.2685 & 1.2521 1.3234 & 1.3396
USDCAD again battle with the resistance line of an upward sloping trend channel since late October 2021. Given the rebound in oil prices and RSI pullback, the Loonie pair is likely to witness further declines ahead of the key data/events from Canada. That said, a three-week-old support line and the 100-DMA, respectively around 1.3000 and 1.2860, appear strong...
hello traders , here is the full multi time frame analysis for this pair, entry based on supply and demand , comment section below if you have any questions, This is not a financial advice
USD-CAD is in a parallel ascending channel since 19th July. It's very much respecting the support and resistance lines. Once again it's touching the resistance line. I'll wait for it to test the price around the resistance level and then probably get into the position once the RSI and Stochastic for 1h and 2h are oversold or go up. Stop Loss: 1.32337 (I've kept...
Market now in downtrend , wait for the trend line support level breakout after entering the sell position and resistance level breakout after entering the buy position
yesterday fomc meating impect on usd here we are looking for sale usdcad stop loll above resistence that is 1.29370 taget profit will be 1.28700 or lower once trade reach target