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Ucad

UCAD 8H S Idea 4/20/24Looking for the 8H H&S to complete with price dropping at least to the daily 50% FIB level. This is also the 8H high from 4/5/24. This area is: -the Monthly bullish .382 FIB level -the Previous month high -the Weekly level of 4/7/24 -the 8H 4/5/24 High Price will either: -break and retest at this area to continue bearish -price can reverse in this area to continue back bullish ======== BUT price could very well continue bullish at market open as well. We'll have to wait and see what the market decides to do from here **This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
Short
by cecedidit
USDCAD Analysis (22nd April 2024) USDCAD Analysis On the Weekly Timeframe, price has created a weekly BULLISH Fair Value Gap which haven't been tapped into just yet. So what i am expecting for price to into the FVG before showing signs of strength for this pair. On the 4 hour timeframe, we do have a bullish Unmitigated Orderblock that lines up nicely with the weekly Fair Value gap, making this a good Point of Interest for us to look for buys from. Ideally, i want to see price action pull back into the 4 hour bullish orderblock, before creating a 15 minute Bullish Change of Character to confirm that the lower timeframe is aligned with the higher timeframe bullishness.
Long
by CallistoFX
USDCAD Analysis (8th April 2024) Market Analysis PT2/2 (8th April 2024) USDCAD Analysis On the daily timeframe, Price action has rejected of a resistance of the Daily William Certified Range(WCR). This can be seen clearer on the 1 hour timeframe. On the 1 hour Timeframe, we have created a Sharp rejection off the Daily support, which created a bearish 1 hour Fair Value Gap in the process. Should price continue to Respect this WCR, i would look for price to reject off this 1 hour Fair Value Gap before creating a 5/15 minute Change of Character before looking for shorts.
by CallistoFX
USDCAD Possible Selloff Daily TF Good afternoon traders! Possible setup happening on the daily timeframe. I am expecting a pullback between 1.29500 & 1.29700 then any signs of a potential reversal. Usually after strong moves up you will get the market to come back almost 100% of the impulse move. Looking at my possible target 1.26200. Wait for confirmation of a reversal "if" it pulls back, if not, regardless 1.26200 seems where USDCAD is headed. Hope this helps. If yah wish to have other currency pairs analyzed, feel free to just comment below. Happy Trading.
Short
by Vic_Tech_Trader
1
bearish usd scenarioKey Findings: Potential turning point. - I pulled a trend line between Jan and Feb local Highs and matched it with Dec Highs (200 days High), interestingly we today right stopped at that trend line, heres the potential new downtrend that opens up if we claim todays high as local high. According to sine wave theory the downside will very probable getting stronger from this point on. Fundamental developments can lead to strong volatility. I am suggesting trading careful and defensive in this environment.
Short
by MrKrft
Well That Went Well...Good day mates! So in this small segment I would like to highlight this swing trade I called on USDCAD. First things first, I was NOT as patient of a trader back then as I am now, seriously! I would see a move and think "ahh man I gotta hop on this" but would be in such a haste that I would market enter and get wrecked or so scared I wouldn't even take the trade. Luckily I was able to get a lil boost of confidence from my good friend @palmer519 and, not only take the trade, but to call out my first winning signal. I was struggling between scalping and swinging so much that 80-90% of my trades would get blown out or wouldn't even be executed. "Alright Big P we get it, you were scared to trade and now you're not. Why do you swing trade??" I'm glad you asked. This ultimately allowed me to not have to be on the charts allllllllllll dayyyyyyyy! I developed my skill (still developing) on swing trading by doing these 3 things: 1. ONLY taking disciplined trades *meaning I wouldn't go against my trading plan for no reason at all* 2. TRUSTING my analysis *if I'm open for the jumper, I'm shooting* 3. ACCEPTING the outcome *I know I won't win every trade but if I'm winning enough then we got something going* So in conclusion gang, patience pays and confidence slays lol. I know most of us may encounter days when we are not confident in ourselves but remember these few things: You will lose, its a part of the game & don't ever rush into making a move because your patience is what will determine your outcome, or in this case, ya income ;) Happy trading family <3 *DISCLAIMER* : I AM NOT A FINANCIAL ADVISOR NOR AM I AN INVESTMENT MANAGER SO DON'T THINK IM TELLING YOU WHEN TO BUY OR SELL, BECAUSE IM NOT. IM SIMPLY POSTING MY ANALYSIS AND GIVING YOU INSIGHT ON MY TRADE IDEAS. FOR MORE INFO PLEASE REFER TO THE LINK IN MY BIO!
Long
by BigPippn
1
Possible 100 pip move on Ucad!That upper green rectangle could be the best possible entry (might've missed the opportunity). If it doesn't retest that zone and gives you a short entry I would take it with great confidence! If you get stopped below that upper rectangle wait for another entry upon retest, brush yourself off and try again! www.youtube.com ** I cannot read the future!** Disclaimer: Trading in foreign exchange (“Forex”) on margins entails high risk and is not suitable for all investors. Past performance is not an indication of future results. In this case, as well, the high degree of leverage can act both against you and for you. Before you decide to invest in foreign exchange, you should carefully assess your investment objectives, experience, financial possibilities and willingness to take risks. There is a possibility that you will lose your initial investment partially or completely. Therefore, you should not invest any funds that you cannot afford to completely lose in a worst-case scenario. You should also be aware of all the risks associated with foreign exchange trading and contact an independent financial advisor in case of doubt.
Short
by vanquisher27
5