USDCAD have a potential BUY option for a long term.
1. SHORT, BECAUSE MAJOR DOWNTREND IS IN THE WAY 2. COT DATA IS SHOWING A LOT OF BEARISHNESS IN USD/CAD 3. WAIT TILL PULLBACK AND THEN TRY TO ENTER DO NOT ENTER NOW LET IT CORRECT FIRST THEN ENTER AT LOWER TIME FRAME
USD/CAD (Medium Term Outlook) Flat Correction (3/3/5 Structure)
The Canadian dollar has posted slight losses on Friday. In the North American session, USD/CAD is trading at 1.2176, up 0.22% on the day. The Canadian currency continues to head higher. On Thursday, the Canadian dollar sparkled, gaining 0.95%, its highest 1-day gain in 2021. USD/CAD fell 2.15% in April and is down 0.95% so far in May, as the Canadian dollar is...
USDCAD is in buying oppertunity at 1.2300 its show very potential demand zone targets 1.2350 an 1.2400 with stop loss of 1.2260.there is the regular bullish divergences usdcad present trade nearly 3 years low price
USDCAD currently at weekly trendline level..and struggling for past two days... If it falls moves down weekly trendline.then there will be a major fall ... If it manages to move up then you can go long.
I am assuming Something Bigger Is Going to be happen Soon with USD/CAD Near 1.2230 to 1.2270 areas . . Waiting for confirmation pattern 😁 . . Hey Comments your throughs!❤️
Breakdown for USDCAD from topdown time frame
DESCRIPTION: The price of the counter USDCAD is retaining below the resistance trend line. The trend line has been tested thrice at prices of 1.2634, 1.2630, and 1.2621. The price is still under the resistance trend line and there is no indication for a breakout. Today the price started moving downwards and the selling pressure of the market may pull the price...
Trade Scenario 1: Bullish - For us to go long we need to see price break above 1.2630 and retest the same zone again to our edge of value at 1.2630. We will then wait for price to find support and enter on strong bullish setups, first targeting previous highs around 1.2695 Trade Scenario 2: Bearish - For us to go short we want to see price break below 1.2630. We...