USDCAD on two resistance line Hello Friends!
USDCAD has reached our goal and the price is now on two lines of resistance.
I expect a fall to the support line.
Forex-usdcad
USDCAD near strong support line Hello friends!
USDCAD will soon reach a strong support line.
I expect that there will be growth after reaching this line.
The goal is the line of resistance.
Highlight & Parallel Channel on USDCAD.Parallel channel(value area)
(B) support for pushing the price (c)
Let's little more deeper throughout zooming the chart for the co-relationship by using parallel channel of (A) (B) and (B) moved.
If you want to trade on this pair , just comment then I will update trade-level into timeline.
USDCAD TRADING IDEAThis is my analysis and trading plan on USDCAD i'm looking to short/sell from the 61.80 FIB retracement where the sell zone is indicated with several confirmations.
1. First confirmation is the double bottom that has already formed at the area of support and indication of a reversal sign with the two green arrow and fib rejection of 0.00 going for a buy/long into the sell zone heading to the 61.80 FIB to find a resistance. In turn forming a double top indicating a clear reversal sign with the two red arrow which will cause a drop down.
2. Second confirmation, the trend is bearish so i patiently wait for my analysis to play out giving me a clear and strong confirmation to sell/short.
RISK/REWARD RATIO @ 1:5
STOP LOSS @ 150
TAKE PROFIT 3 @ 834
I welcome all comments, feedback, ideas and sharing of knowledge.
Have a great trading week!
Disclaimer: (This is for educational purpose only. Thank You.)
USDCAD will fall again Hello friends!
USDCAD after reaching the support line began to grow. But I expect that the price will reach the resistance line and the decline will continue (the price will return to the support line)
USDCAD. The price of the dollar will fall.Hello dear subscribers!
The price of the dollar continues to fall.
The price has broken through a key level,
and this is a sell signal.
Because the price should fall to the support level,
the target is there.
Good luck to you.
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This idea does not provide the financial advice.
USDCAD: Bullish until 1.40530 is MetHello everyone
Been a great week for FX. Last four trades have been spot on.
Looking too long on Cad today with minimal stops, high rewards of 1.40530 about 130 ticks.
Comments, shares, etc appreciated
USDCAD on good support Hello everyone!
USDCAD on two support lines + the trend is growing.
I expect a fall to the resistance line.
USDCAD still long Hello everyone!
USDCAD broke through the resistance line and rolled back to it, after which price began to grow.
I expect growth to continue to the resistance line .
USD/CAD Korrektur und wieder Sell fortsetzung?Dieses Paar hat die letzten Wochen schön gearbeitet, aktuell sehen wir eine Korrektur der letzten Verkaufsbewegung.
Hier sehe ich erstmal 2 Szenarien als wahrscheinlich um den Trend Fortzusetzen. Der Aktuelle Reaktionsbereich entscheidet ob wir nochmal weiter buy gehen oder ob die Korrektur ausreicht und wir uns in Richtung Gap close fortbewegen werden.
USDCAD. The price will rise to the resistance line.Hello dear subscribers!
The price of the dollar will rise.
However, I highlighted the buy zone at the very bottom,
it is likely that there the price may still fall.
The target is below the resistance line.
Good luck to you.
If you liked this idea, please like and subscribe to my profile.
This idea does not provide the financial advice.
Second chance to SELL USDCAD usdcad returns to the resistance line.
You can open a sale on this resistance line and close it on the support line.
USD/CAD - buyAfter getting into a triangle, USD/CAD might break it and enter in an uptrend. We have 2 targets, they are in resistances levels, if the price reaches the first, then we move our take profit to the secound target
Sell USDCAD on H1, M30- Structure: Downtrend
- Tendency: Downward
- Break Support zone
- Wait for Euro season and sell.
Stoploss: 1.391
USD/CAD shows serious signs of weaknessThe USD/CAD just made a strong rejection at a long-term lower high. Because of this failure, I'm expecting at least a return to the 50-line (average) marked on the chart by the purple line. Recent strength in commodity currencies (NOR/CAD/AUD/NZD) provides confluence for this.
> Numerous factors suggest that commodity-currencies (NOR/CAD/AUD/NZD) will do well against the USD and EUR for the foreseeable future:
1. Oil (CL) is at multi-year lows, trading as of this writing (April 2020) at around $20. This is likely a bottom. Countries which depend on Oil cannot sustain these oil prices.
2. The ECB and Fed. Reserve are pumping in MASSIVE amounts of liquidity to stabilize the credit markets (bonds/repo/etc.). All of this is only inflation. There's no economy to speak of at this time. And suggests that these currencies will face serious devaluation.
