Trade ideas
#usdcadMy ideas are sometimes hidden because I don't describe much.
But the reality is that I don't trade patterns, I trade price. You will hardly see patterns/trend lines on my chart. If you find the patterns like HNS, cup and handle, wedge or whatever, it is because I just see it, but it has no relevance to the trades I take.
You might see some patterns I use on NSE but never on FX.
IMO, patterns are deceptive, I just trade price. But obviously, you can trade patterns, and it might work for you.
I just share my ideas to make people see the price from my perspective, and not to take a trade.
If you are completely beginner, the above chart will go above the head, but once you understand price, you will get what I am showing. Simple. I openly share where some mentors will charge handsome amount for it, in the end it's all about perspective, and I am showing it from my side. It's up to you how you see it.
It's 70% psychology and 30% technical.
Cheers.
Regards
USDCADDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As ai said in the last week... USDCAD also went down more than I expected but it remained in a safe area and I will continue to look for BUY until the 1.24700 area and then towards the 1.29 area!
however ... a 1 day close below 1.22500 will make me think of SELL up to the trend line area and then ... UP AGAIN
THIS WEEK... UC climbed again to the 1.24700 area, as I said last week, see where it had a very strong rejection, forming a range in this area!
in the next period I will wait for a close for at least 1 day ... or over 1.24900 from where I will look for BUY until my final target 1.29 or below 1.22500 and I will look for SELL until the area of the trend line ... and from there UP AGAIN
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
💡Don't miss the great buy opportunity in USDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2416).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 1.2446
TP2= @ 1.2481
TP3= @ 1.2529
TP4= @ 1.2572
TP5= @ 1.2591
SL= Break below S2
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💡Don't miss the great buy opportunity in USDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2347).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 1.2405
TP2= @ 1.2434
TP3= @ 1.2480
TP4= @ 1.2525
TP5= @ 1.2594
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 / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
USDCADDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As ai said in the last week...UC reached the first TP from 1.24700 and even if it rejects and goes down to the 1.23700 area my final target remains 1.29700
THIS WEEK...USDCAD also went down more than I expected but it remained in a safe area and I will continue to look for BUY until the 1.24700 area and then towards the 1.29 area!
however ... a 1 day close below 1.22500 will make me think of SELL up to the trend line area and then ... UP AGAIN
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
usdcad in buying sideHello guys i had find this setup in 4h timeframe which is in good demand area and also channel broken and structure broken we will trade after retracement happen with below swing low sl and above resistance target also do your own analysis before taking any trade if you like my trade setup and you think i am adding some value in your trading journey plzz share with your friends like and follow thank you






















