cautious long trade can be initiated in USDCAD pair
Enter in the trade. secure your profits with trailing stops. Use proper risk management. Thank you
Don't know yet. Where it will go. Let observe it - breakout or breakdown?
Looking for a short on UC. I market everything in chart to understand what will happen to price enter the zones. There are three strong zones which acts as resistance, support and neutral (no trading zone).
1h chart, with descending tops and bottoms, targets 1.618%, 2.618%, 3.618% and 4.618%
Perfect buy position found in USDCAD. 50 pips of SL and 200 pips of TP is placed in this trade, be sure to scalp out in between to stay more profitable.
Pair Name : USDCAD TimeFrame : 4Hrs Direction : Short Type : Swing Target Range : 400 Pips Bearish Break : 1.25800 ------------------------------------------------------------------------- Neat and clean chart with clear setup, no junk on chart. ------------------------------------------------------------------------- If you like this idea, then smash like button...
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Dear 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 i said in the last weeks...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 current structure looks like an ending diagonal which suggests that there should be a pullback to the origin of the diagonal. One shold go long on current levels with SL of 1.259 for tgt of 1.269/ 1.271
USDCAD drops to the lowest level since September 10 during the six-day downtrend on early Tuesday. The Loonie pair’s failure to stay past the key resistances above 1.2800 joins a downward sloping RSI line to direct USDCAD towards a 100-day EMA level near 1.2540. However, the quote’s further weakness will be challenged by the 50% Fibonacci retracement level near...
USDCAD Forecast IMO Give a Like and Feel free to share your opinions in the comment! Happy Trading 😊
if we break previous low if might get 1.2609 from the level 3 drop
USDCAD : An impulsive fall from the level of 1.2950 & an expanded flat formation in abc pattern peaked at 1.2896 suggests that USDCAD is ready to continue its long term bearish trend . One should go short with SL of 1.2896 for the tgt of 1.2400 / 1.2250 and 1.2000
Alike other major currency pairs, USDCAD respects the broad US dollar strength while rising to the fresh high of the month. Adding to the upside pressure is the Federal Elections in Canada, even if the results are less likely to offer any entertainment. That said, the quote heads towards a two-month-old resistance around 1.2810 with the bullish MACD contrasting...
USDCAD wait tranding market im waitting best tranding market