Price has broken the strong support level and now retesting to continue to downward movement
Hey traders, here is the analysis for the GBPUSD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
On September 21, 2023, the U.S. dollar reached its highest level in 6.5 months after the Federal Reserve indicated that it will continue its restrictive monetary policy. The Swiss franc weakened as the Swiss National Bank decided to keep rates unchanged for the first time since March 2022. The Federal Reserve held interest rates steady within the expected range...
here you can see usdcad break and retest the proper zone once it's break the sell down zone you can enter
We saw USDCAD Short Because, USDCAD Follow Elliott Correction Wave (ABC) patterns. Or Ascending Trend Line Breakout.
USDCAD stays pressured at the lowest level in a month after breaking a six-week-old horizontal support. Adding strength to the downside bias is the Loonie pair’s sustained trading below the 200-SMA. However, the nearly oversold RSI (14) line and sluggish MACD signals prod the bears, which in turn highlights a two-month-old ascending support line, close to 1.3430...
USD CAD upside move possible Buying above the 1.35616 Stoploss 1.34838 Target 1.36969
USDCAD is on strong support level. it is also forming a double bottom on 1hr . wait for daily close above neckline area and then we can plan a long trade .
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your...
Usdcad can be traded in both direction Long can be traded in ltf and short opportunity can be obtained at htf supply zone above
we have two possibilities for usdcad. Either it can take support from golden zone or it can break the support zone. Wait for either bullish confirmation or the break of support to plan a trade.
USD/CAD slips vertically to near 1.3600 as Statistics Canada has reported upbeat labor market data. The Canadian labor market witnessed fresh additions of 39.9K payrolls in August, more than doubled from the expectations of 15K. The US Dollar remains firm as the US economy is resilient due to cooling inflation and stable labor growth.
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...
USDCAD bulls struggle to keep the reins at a five-month high as markets await the all-important Bank of Canada (BoC) Interest Rate Decision and the US ISM Services PMI for August. That said, the nearly overbought RSI and impending bear cross on the MACD checks buyers as they attack a convergence of an 11-month-old descending resistance line and a horizontal region...
Usd cad seems to be bearish soon . It can be rejected from the major supply zone after grabbing the liquidity
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
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...
i saw a liq Grab on 4h time frame also with choch with imbalnace candle with valid order block entry 1.35043 SL : 1.34847 TP : 1.36153 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