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Forex-usdcad

TRADE OF THE WEEK | Classic Trend Following Trade 💰 Hey traders, During the last two weeks, we were monitoring carefully USDCAD pair together. We were waiting for a daily structure breakout and consequent bullish continuation. With a valid structure breakout, we were looking for a confirmation to buy the market on a retest. With my students, we spotted a bullish flag pattern on 1H. Its bullish breakout and its consequent retest gave us a perfect reason to buy. Then a sharp bullish rally started. 155 pips of pure profit and great trade! ❤️Please, support this idea with a like and comment!❤️
Long
by VasilyTrader
8
USD/CAD: Inflation it's a good sign that U.S. economy will peakThe U.S. Dollar continue strenghten during this day, and today, we have a good news that Federal Reserve it's running the inflation in the economy. For that, this it's a good news in the economy as investor hope with more news about the next check stimulus about the covid-19 recovery in America. Now, I put a long position in the market price at $1.2520 CAD and the SL will be $1.2490 CAD (30 pips) and my target at $1.2600 CAD (81 pips)
Long
by harisonhbn9718
USD/CAD – Week 28 – Strong uptrend.Last week, the pair gained more bullish momentum and increased, despite our forecast in which we expected the price to reach the liquidity pool before resuming the uptrend. For this week we expect the price to lose some momentum until it reaches the confluence between the support and the trendline. After that, we anticipate the bullish momentum to return. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by financialflagship
8
MarketBreakdown | USDCAD, GBPAUD, GBPCAD, AUDCHF 1️⃣ USDCAD - Daily time frame The market is trading in a strong bearish trend. The price is following a major falling parallel channel. Now the price tests its resistance. For trend followers, it can give a nice opportunity to catch a bearish continuation. For breakout traders, bullish violation may initiate a strong bearish wave. 1.2725 next resistance 1.24 next support 2️⃣ GBPAUD- Daily time frame The price is trading in a mid-term bullish trend. Higher lows respect a rising trend line. For trend following opportunities, consider a test of a trend line. For shorting, wait for its bearish breakout. 1.83 next resistance 1.775 next support 3️⃣ GBPCAD - 4H time frame The price is currently ranging. Consider the boundaries of the range for intraday trading. For swing trading, wait for range breakout to the downside. 1.72 next support In case of its bullish breakout, bias will change to bullish. 4️⃣ AUDCHF - Daily time frame The price broke and closed below major daily support. Now bias is bearish and bearish continuation is expected. I am looking for an intraday confirmation to short. 0.70 next support Please, support this post with like and comment!
Short
by VasilyTrader
7
USDCAD shortWas wrong last time, and honestly was just impatient. I didn't wait for the market to come o me, but finally it has, just had a great entry @ .2755, hoping to take this to the lows but will be monitoring it closely. Oil has been on an absolute tear so I wouldn't be surprised if the CAD has some catching up to do. I think the best mindset to have is to be short this pair until we get a limit down day in equities, that will be the cue to look for longs and a massive rip in USD, but until then assume the USD is going south. Stop is to breakeven now.
Short
by bdverhaeghe
1