Trade ideas
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...As you can see on the 1 week and 1 month chart, USDCAD is at a much too important point and much too strong not to think of a massive rejection and a BUY between 400 and 900 pips!
even if maybe it will test the trend line again ... I will set TP1 to 1.24700 and then to 1.29700 in the next period
THIS 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
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*This information is not a Financial Advice.
usdcad short side Hello guys i had find this trade in 4h timeframe which made double top and also hitted the upper trendline had a good opportunity to short with low risk and high reward with above sl and below tg also do your own analysis before any trade if you like my analysis plzz like share follow thank you
Live Challenging Forex Market Analysis Buy USDCAD @ 1.21531Market Analysis
Live Challenging Forex Market Analysis Buy USDCAD @ 1.21531
Buy 2 @ 1.21264
Target @ 1.22501
#stockmarket #USDCAD #forextrading
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Trading with tamil
USDCAD has taken reversalUSDCAD has taken a reversal from 1.20200 in the weekly time frame with two Doji candles with good confirmation but volume is not supported so we can look at the first target of it is 1.26500 which is at a 0.23% level of Fibonacci
the one fundamental thing that is help it is the rising of the US Dollar
Trade is not recommended
Comment your views
Thanks
💡Don't miss the great buy opportunity in USDCAD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2124).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCADis in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
Take Profits:
TP1= @ 1.22020
TP2= @ 1.22648
TP3= @ 1.23518
TP4= @ 1.24405
TP5= @ 1.25489
SL= Break below S2
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