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Usdcad4h

USD/CAD 4HR SELL AND BUY SET UPS???Hi TRADERS this is my trade set up for the USD/CAD for the new week ahead USD/CAD Is coming to rejection area again, I am looking at two scenarios 1st it gets rejected from resistance area after touching a few times in the past so would be sell only or 2nd scenario it breaks through the resistance area for a strong push up so we will be buying only clean crisp charts I hope it helps if you have any questions please private message me good luck for this weeks trading please follow like and comment thanks
by Costy13
5
USD/CAD 4HR BUY SET UPHi TRADERS this is my trade set up for the USD/CAD USD/CAD hit TP2 on last chart I posted on this pair now has reversed from that area and coming back to support zone which was once resistance, if we get good news from USA data and FOMC possibly could go back up, it will be volatile this afternoon as we have high Canada data released to, so just be patience with this set up so i will be looking to take trade from order block zone to take a BUY trade This is my analysis only please trade with caution and risk management in place good luck for this weeks trading please follow like and comment thanks
Long
by Costy13
10
USDCAD SHORTPlease note we have posted a BUY Idea on 1H time frame. (refer related idea) The 4H USDCAD looks bearish currently going up to retest the trendline as well as the Daily resistance which is strong enough to reverse the price. Fundamentally, USD has displayed some temporary strength which could last only until the daily resistance. The First target is immediate support, second target is the next major support. If you like our ideas, please support us with a like, share, follow, and comment
Short
by Fx_TradingCircle
USD/CAD (1D) Multi-day Short- Rejection at 200sma on the daily - Chuvashov fork break - Rejection at 38.2% fib - CURRENT weakness in the USD - Oil has a negative correlation with USD/CAD. Oil is currently trending bullish. Possible supports: - 200sma on the 4 hour - Ichimoki cloud on the daily - 23.6% fib retracement on daily My first profit target is 1.29863 or the bottom fork/trendline, whichever is higher. A break of that and I aim to target the low of 1.24616 with a trailing stop loss.
Short
by amishra36
USDCAD ForecastUSDCAD H4 This is a long term forecast of USDCAD. I'm looking for a move up to complete a five waves pattern correcting the big move down from 1.46000. If this unfolds as predicted, we will see a continuation of the down trend. The other unlikely possibility is that we will start an uptrend. Time and price will tell. Either way, we can make money in ups and downs so follow your rules and money management Feel free to ask questions, share your ideas, comment and like. All the best, Zak
by ZakFX
1