USD/CAD Possible Re-distribution. Hi Traders,
Please see above my analysis of UC on the 30m timeframe with a possible re-distribution taking place.
Please leave a comment and a like.
Have a good weekend.
UC
MAPLE SYRUP BAY BAYUSD/CAD still weak in my opinion, so im looking for new lows.
Price is at a resistance area to continue current bearish trend, currently targeting 1.23 as TP
USDCAD - LONG POSITION (8HR)CONFLUENCES:
- Strong uptrend
- rejection from EMA
- Rejection from minor support area
- Rejection from fib level
- Potential weakness in CAD index
- Rejection candles in 4Hr
USDCAD Potential longs to 1.28000I'm looking for a pullback before taking longs to 1.28000. What's your take?
USDCAD - LONG TERM SWING TRADECONFLUENCE:
- Bullish Market structure following breakout from downtrend
- 51 EMA nicely aligns with Fib levels and key support level
- 4Hr shooting star formation signalling slowdown in bullish move and potential retracement
USDCHF
this is a descending triangle n it's a bearish pattern that indicates distribution abt to happen
USDCAD Ready to Move to the Upside?I've been looking to swing USDCAD all the way up for a while now but it wasn't quite ready for it. However, there's a clear channel visible on the 4H that can provide us with the perfect opportunity. We will get confirmation for buys once price breaks and holds above the channel; extra confirmation when price breaks and holds above the upper pink zone. Updates to follow.
USDCAD 7/06/2021 - WEEKLY FORECAST TF 2HHello Traders!
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the eye signs.
Heart in the box - a place to take profits
Eye sign - spot to jump in, or watch
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool.
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Thank you for your attention,
GOD BLESS U ALL!
USD/CAD, brilliant sell opportunity👽USD/CAD is ranging in a downtrending parallel channel. We are looking forward to opening SELL positions and aiming for the lower boundary from here🔮
🔰 USD/CAD — We will see more bearishness 🔰 🔻 USDCAD Daily Candle closed same as DXY as a Doji — If you noticed Price traded to the Upside respecting the Order Block ( OB ) that is has given last night then dropped down to create another Lower Low ( LL ) — Another Doji Candle will give us a further space to the downside
🔹 Our major Support from here is 1.2500 Zone then to 1.2400 Level
🔹 We are under Bearish market unless we see a price trading above 1.2700 which is too far from here
✅ Oil + DXY will help the price drop more - as we aim to short this pair in the upcoming sessions ( London + New York )
🔔 We will trade USDCAD when the DXY is trading lower as right now the Dollar Index Trading at our Support Zone
USDCADUSDCAD bearish candles are weakening, if it rejects 1.26150 looking for a buy opportunity to 1.27100
USDCHF - LONG POSITION (2HR)CONFLUENCES:
- Rejection from 4HR EMA
- Rejection from 61.8% Fib Level
- Breakout from falling wedge pattern
🔰 USD/CAD — Daily Update 🔰🔻when the DXY has no significant movement, the USDCAD moves slowly as the price printed Doji on the Daily Time Frame
🔹 The next Support is 1.2500 below our Bearish Target
🔹 The next Resistance from here is 1.2800 — Target ( Current Resistance ) will get tested if the DXY is Bullish
🔔 We need Volatility from DXY and Oil to move USDCAD
🔰 USD/CAD — Daily Outlook 🔰🔹 Our Next Major Support is 1.2600 Line
🔔 We will Short USDCAD in the Intraday Chart — seeing a Bearish movement is expected due to Bearish DXY 🌱
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The goal is to improve your trading skills and make you a profitable trader everyday - week - month !!
🔰 USD/CAD - Daily Update 🔰🔹 USDCAD is only bullish above 1.2805 — next resistance would be 1.3000
- A bullish Dollar Index will help USDCAD to rise
🔰 USD/CAD - Daily Update 🔰🔹 A further bullish move in the dollar will push AUDUSD below the 0.7640 zone — it will enter into bearish territory
🔰 USD/CAD - Daily Update 🔰🔔 Any breakout will offer us a decent move from here — to get the breakout USDCAD needs to be above 1.2805
USDCAD - TEXTBOOK SETUPDescending channel, 61.8%, clear LH's and LL's.
DXY also moving well, H&S formed for weak dollar.
