USDCAD trade ideas
{GOOD BUY OPPORTUNITY IN USDCAD}After a long fall down a big reversal is made from the support. It may move more.
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USDCAD WEEKLY ANALYSIS 13-12-2021#forexsignals #freeforexsignals #dailyforexsignals #weeklyforexsignals
#USDCAD weekly bias looks bearish. The seller’s price of interests are 1.2790, 1.2820, 1.2833
The possible targets are 1.2600, 1.2510
These analysis are based on the current market swing and we update our views based on the upcoming future swings
Good opportunityThe price made a rounded bottom which mean it gaining strength
Secondary it break the resistance level and resistance become support
Enrltry trigger is morning star
KEEP learning and earning
USDCAD looks to 1.2550 on BOC dayA clear downside break of 100-SMA and monthly rising channel joins bearish MACD signals to keep USDCAD sellers hopeful as they brace for the Bank of Canada (BOC) Interest Rate Decision on Wednesday. It should, however, be noted that the RSI line inches closer to the oversold territory, suggesting a bumpy road to the south. That said, multiple tops marked during early November highlights 1.2590 as an intermediate halt before the quote drops towards 200-SMA and a six-week-old ascending support line near 1.2550.
During the pair’s rebound, 100-SMA level surrounding 1.2690 and the 1.2700 threshold may test the buyers. Following that, the lower line of the stated broken channel, around 1.2790, will be important to watch as a clear run-up beyond the same will open the door for the USDCAD buyers targeting the weekly resistance line near 1.2865. In a case where the pair rises past 1.2865, the 1.2900 round figure, upper line of the channel close to 1.2935 and the yearly peak of 1.2950 will probe buyers ahead of the 1.3000 psychological magnet.
USDCAD Trend Analysis over H4 Chart.USDCAD currently break the trend line and looking for Short term Selling Opportunities, Proper Risk Management Applied.
{=GOOD SELL OPPORTUNITY IN USDCAD=}After breakout of trendline market continue to fall more. Wait for the retest and enter wisely.
!Happy trading.
USDCAD LONG OPPORTUNITY USDCAD trend very positive support level very strong will buy this pair with stoploss
USD CADLooking for sell and buy then sell on USDCAD.
Use Proper risk management.
Thank you.
Happy weekend
USDCAD DAILY ANALYSIS 30-11-2021#forexsignals #freeforexsignals #dailyforexsignals #weeklyforexsignals
#USDCAD daily bias looks bearish. The seller’s price of interests are 1.2766, 1.2786
The possible targets are 1.2693, 1.2673
These analysis are based on the current market swing and we update our views based on the upcoming future swings
Don't miss the great buy opportunity..............USDCADThere is a possibility is Long Entry Its good chance to buy this area simple retracement you can enter...
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USD CAD UNDER SELLING PRESSURE USD CAD UNDER SELLING PRESSURE VERY Soon selling will start target 1 and sl levels given
DAILY ANALYSIS USDCAD 24-11-2021#forexsignal #freeforexsignals #dailyforexsignals
#USDCAD Intraday momentum is bearish. Sellers price of interest are 1.2713,1.2720,1.2732
The possible targets are 1.2640,1.2609
These analysis are based on current market swing and we update our views up on the upcoming future swing
💡Don't miss the great Sell opportunity in USDCADPlease show your support back,
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USDCAD SELLAS per monthly momentum USDCAD started the bearish momentum best set up created in market to short
USD CADCurrently the price has reached the supply zone, and From higher timeframe bearish trend is possible, watch out for sell.
USDCAD: BEARISH CONTINUATIONAccording to elliott wave rule , in an impulse wave 4 cannot intervene into the the territory of the wave 1 . The current structure shows that USDCAD is forming a wave 4 & is likely to end soon. One should go short on any rise keeping SL of 1.2595 & look for the target of 1.2285 and 1.20500 and below.
USDCAD stays directed towards 1.2480 key resistanceDespite failing to cross a convergence of the 200-SMA and a 50% Fibonacci retracement of June-August upside, the USDCAD pair remains above four-month-old horizontal support. Given the firmer RSI conditions, not overbought, the bullish momentum is likely to prevail for a while, which in turn can allow the pair buyers to cross the 1.2480 resistance confluence and challenge September’s low near 1.2495. Should the quote manage to cross the 1.2495 hurdle, also the 1.2500 threshold, the run-up to the 1.2600 round –figure can’t be ruled out.
Alternatively, pullback moves may aim for the stated multi-day-old horizontal support near 1.2420, a break of which will direct the sellers towards a 61.8% Fibonacci retracement level of 1.2365. In a case where the USDCAD bears keep reins past 1.2365, October’s bottom surrounding 1.2285 will question further downside. To sump, the pair’s rebound has the momentum support and hence is capable of breaking the immediate barrier to the north.
USDCAD Retracement LongLogic
Prices tending to retrace upwards with good momentum
All Levels Mentioned On Chart
How to trade the setup?
When the chart says Long or Short at particular level, Put a Stop Order at those levels, Levels are strict
T1 : is Target 1
T2 : is Target 2
When you achieve your first target, book profits of 50%
and shift the stops to the cost
The term Catastrophe Stop, is a maximum movement of price that can happen in opposite direction of trade
so that the setup remains valid, Its basically used, to give some breathing space to the trade,
I may call for a recovery if the setup becomes invalid as the market progress.
As we all know anything can happen in the market and we should respect that
At Last, do your own analysis, before trading your money!
