Ucad
usd cad Canadian Dollar, USD/CAD Price Analysis
As the US Dollar has continued to fall, USD/CAD has continued with strength.
This highlights how the Canadian Dollar has recently been even weaker than the US Dollar.
Can USD/CAD break out to fresh highs?
USD/CAD Rallies into Resistance
It’s been a continuation of fear so far through this week, with a possible turning point in a number of risk markets starting to show. The US Dollar, in particular, has been in focus as last week’s breakout and Thursday’s push to fresh three-year-highs has quickly unwound. But, over the past half-of-a-day, support has held: Buyers appear to be getting just a little bit more aggressive, and this highlights the potential for a return of USD-strength. That support build comes in around the 38.2% retracement of the February rally in the currency; and this highlights a very interesting strategy component in the USD/CAD pair.
This is only for education purpose of UCAD before NFP 07 Feb 20As described above, im doing this analysis just for education purpose, and taught on possible market trap movement before NFP. I believe there will be many retail traders not realize it and taught that this maybe selling time because of false price action movements. actually my analysis clearly saw that daily candle already break the trendline structure. so now we will see whats gonna happen in the upcoming NFP tonight!
USDCAD possible short with TIGHT STOPAs described with chart, please use proper money management, don't over margin your trade!
USDCAD Clear price action movement, lets enjoy the ride!Hi everyone, if you had learn anything about price action, here it is, clear price action movement of USDCAD
(IF! the previous high is not broken)
Consider proper money management, the risk will be at highest around 100 pips, and if the price action move nicely in the future, the reward will be above 300 pips within a month or two. So let see what will happen, and hopefully this price action movement will be as great as expected.
ps : previously i made ucad trading plan and running good as well till reaching this point. you can see the related link below. Thanks!
UCAD watch for short from friday With gold showing strength from Friday and dollar showing potential weakness for intra day trade, looking to short ucad
Usd/Cad (Looking For A Sell Entry)Price is now under the 200 day simple moving average on a daily chart and im looking for sell opportunities all week. I will be looking to enter a sell immediately when the market opens and after the spreads get low! I will look to sell toward the area with the green trend line! You can see it on the chart!
UCADStill not very clear yet, best to wait for todays D1 close and see if we get a close above the resistance and trend levels.
Keep Your Momentum UCAD USDCAD
Setup: ABC
Confluence:
BRN
CRS
Entry:
Buy @ 1.3320, SL @ 1.3280 (40 pips), TP @ 1.3300 (80 pips)
UCAD 4H - POSSIBLE DROP? USDCAD
Setup: HNS
Confluence:
ABC Structure
Structure Breakout
Entry: Sell @ 1.3260
SL @ 1.3310 (safe zone)
TP @ 1.3160
TAYOR
Let me know what you think
Idea about UCad.I'm seeing a nice triple Top Resistance combined with a strong Trendline from the past that are holding the price above 1.3330, let's short.
USD CAD Buy setupsCompleting an ABC formation on the Daily TF, we will be looking for buy setups on lower TF ( 1hr&30min).
Even if we break the low the formation is still valid and we will be only looking for buy setups.
UsdCad Update! Could Never Make a higher low!As you can see, we lost our ucad buy even though we traded it according to the trend! A higher low was expected and it moved up 50 pips giving a buy signal on the way up and then totally moved down!
Very Upsetting! U can see the trend structure on the chart and u can see what was expected and what really happened. I believe that this is something we can learn from!
USDCAD Analysis 1/7/19
H4 Chart
D1 chart
1/7/19 Daily bearish at support & weekly trendline
H4 also bearish but shows candle rejection near the daily support & trendline area.
Potential price will react stronger to the upside since it is nearing the daily support.
Buying will be aggressive at this area. Wait for confirmation.
