USDCAD is giving us an awesome entry to go long. The trigger for this trade is an ending diagonal pattern (the wedge shape between the dotted lines).
Why do we like this setup do much? A diagonal pattern is a sign of exhaustion. The choppy, shallow-sloped, overlapping price action is an excellent sign that price is weakening, and is due for a change in trend....
hi guys its kamy.
sorry for not uploading posts i just lost my grandma and it was a tough time for me and my family.
we have USDCAD chart here after breaking last channel and price got so close to our resistance level so we expect price to go down so we can have a pullback then we can see if price wanna go higher.
Now we should wait for signal and key bar to take...
Hi Traders,
As we now prep for the new week we can find some opportunities on USDCAD which may play out this coming week. Price currently pulling back from 1.3200. I am waiting for a buy setup to present itself on the four-hour time frame. I will be looking for the setup once price pulls back to 1.2700.
My bias stems from the higher timeframes such as the...
On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 1.30780 where the horizontal pullback support and38.2% Fibonacci retracement are to our 1st resistance at 1.32252 in line with the horizontal swing high resistance. Alternatively, price may not break 1st support and head for 2nd support where...
With a rising dollar and Fed rate hikes on the horizon, I expect the price to move to the upside. From a technical viewpoint, price has recently broken a channel as well as a resistance level. Remember to use proper risk management!
The USDCAD continues to be capped by the 1.3050 level. Failing to break higher clearly over several attempts, the USDCAD is likely to trade lower again, back towards the 1.29 level
Apart from the current retracement of the DXY, markets could be pricing in the upcoming rate decision from the BoC.
On Wednesday, the BoC is expected to announce a rate hike of...
USDCAD price is in the 1.30840 strong resistance zone, at this level there is a chance of a correction.
Waiting to sell the red zone, target 1.26615 >> GooD Luck 😊
Approach the USDCAD with flexibility...
The USDCAD has been reacting to the 1.29 level with volatility. Through Friday's trading session, the USDCAD broke above 1.29 due to strength in the DXY.
Current trading lower from the resistance of 1.29, I am anticipating further upside on the USDCAD with recent weaker than expected economic data releases for the...
Hey traders,
USDCAD is steadily growing within a rising channel on a daily.
Ahead is channel's resistance.
From that, I will expect a strong bearish move.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Despite the strength of the dollar, USDCAD has begun to falter. After a break below the the uptrend line and the 200 EMA, I expect price to fall to the 1.268 level. Remember to use proper risk management!
Price has recently broken a downtrend line and is showing bullish movement. With a hawkish fed and growing global uncertainties, I expect DXY and USDCAD to rise.
USDCAD. Structure is key in my view when i look into charts, Firstly we see that the price is respecting our channel clean touches on the channel , we now followed by a nice and neat double top formation, Heading to 4H chart you going to see the candle stick confirmations, clean entry was taken on 1H chart, our RR is 1:3. Risk management is key fellow members.
USDCAD is still in an uptrend. The price is expected to test the 1.30597 resistance zone and here there is a chance that the price will fall to correct. Waiting to sell the red zone, target 1.28630 >> GooD Luck 😊
A bearish divergence was formed, market structure broken to the downside, and area is strong supply zone. I expect USDCAD to drop to the recently formed liquidity area.
We are currently in a bullish trend as impulse moves. We are in a 1-2 phase, which in this case means we are ready for the next rally to the upside. But for the most part we should wait for a bit of a pull-back before the next rally.
On the H4, with price expected to bounce off the stochastics, we have a bullish bias that price will rise to our 1st resistance at 1.28599 where the horizontal swing high resistance from our 1st support at 1.27126 in line with the swing low support.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this...
On the H4, with price expected to bounce off the stochastics, we have a bullish bias that price will rise to our 1st resistance at 1.28599 where the horizontal swing high resistance from our 1st support at 1.27126 in line with the swing low support.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this...
