USDCAD is being bullish from couple of days. I am seeing some retracement is coming. As per going with TA there is 4H bearish orderblock with early rejection from that 4H OB. waiting for liquidity sweep of that early rejection and then going to short USDCAD
Price action and candlestick formation are showing bearish movement.
Ensure that the momentum in the favor of bears. So, just wait some more time to cross the level mentioned in the chart.
Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 3
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
Elliott Wave Analysis:-
A up wave was completed and a correction was over.
If it continues the upside move then an impulse was already in formation.
But if it is a correction was then it will be a connecting wave and the correction will become a correction continuation wave.
my view is one impulse was over in this time frame next to w) wave . if it may go...
USDCAD remains pressured for the third consecutive day after reversing from a 6.5-month high marked last week. In doing so, the Loonie pair struggles to justify the recent run-up of the US Dollar, mainly due to the risk-off mood, as Canada’s main export item, namely WTI crude oil, jumps 4.0% on geopolitical fears surrounding the Israel war. Apart from the strength...
USD/CAD is in uptrend and it generally seems whenever it breaks down on lower side it bounces back with fully powered candles and never turns back once it breaking resistance level
i found Bearish OB on 15m time frame also with CH with
with valid order block
entry 1.37502
(Enter on LTF 5 or 1 min time frame)
SL : 1.37656
TP : 1.37257
Note: Do Your own analysis before entering trade & im not professional
, if you are not sure about this analysis dont trade at all
be Decipline trader
Hi Guys,
here is my analysis.
after the trendline breaks this zone should retest you'll get a good sell position with a small sl and target big... hope you guys like my analysis.. keep supporting me by follow, like and comment...
usd/cad is in strong uptrend this days and i realise after making up trend it generally trao the retailers on downside by showing them breakdown
and surprise happens it continue its uptrend by traping them
We have two possible setups for usdcad.
it can either close back in resistance on 4 hr tf then we can plan a short trade or plan a long trade after break and retest.
Clear BUY stop order. Please don't enter early. Momentum needed here.
I am focusing only on FOREX MAJOR PAIRS trades with 1:2 RR and above.
Trade types: Stop orders or Limit orders . NO MARKET ORDERS. So, traders may get enough time to place their orders in advance.
All the best. $ 500 capital - 0.01 lot size.
$ 1000 capital- 0.02 lot size.
Clear BUY stop order. Please don't enter early. Momentum needed here.
I am focusing only on FOREX MAJOR PAIRS trades with 1:2 RR and above.
Trade types: Stop orders or Limit orders . NO MARKET ORDERS. So, traders may get enough time to place their orders in advance.
All the best. $ 500 capital - 0.01 lot size.
$ 1000 capital- 0.02 lot size.
Clear BUY stop order. Please don't enter early. Momentum needed here.
I am focusing only on FOREX MAJOR PAIRS trades with 1:2 RR and above.
Trade types: Stop orders or Limit orders . NO MARKET ORDERS. So, traders may get enough time to place their orders in advance.
All the best. $ 500 capital - 0.01 lot size.
$ 1000 capital- 0.02 lot size.
