USD/CAD - Possible short trade After the break of the uptrend line we could see a drop to 1.31650
I'm currently waiting for the 4H candle to close.
To be updated!
Goodluck trading and follow me for more analysis!
Usdcad4hr
USDCAD analysisIn daliy sheet ,USDCAD have borken the channel ,it is not a chance to short it ,let's see the harmonic patterns ,if it could make the prices pull back to the 0.382 ,and see what happens at the area then do a short position .
USDCAD. Waiting For Buy Sell Confirmation. This is My Personal Analysis for pair of USDCAD
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USD/CAD - 100 Pips OpportunityAs long as the 50 EMA on the 4H timeframe holds as support, we can expect USD/CAD to move up.
This is the continuation pattern. We can also see good bullish momentum on the daily chart.
Trade safe.
Fundamentals Are Just As Important!Entered this trade on a pin bar / stop hunt that present itself yesterday morning. Entered on this pin bar and waited for news to hit. It was positive as suspected, my take profit was back down at previous structure and did actually push through this.
USDCAD ready for new highsUSDCAD tested uptrend line and bounced off towards trend direction, expecting it to make a new high over the coming days, look for buy setups if you have a trading strategy and trade with care.
Watch my previous USDCAD updates below the link.
Happy Trading.
USDCAD possible dip to uptrend lineAs we got an important data to be released NFP & CAD employment figures, so i am expecting USDCAD to dip towards uptrend line and thereafter making another high because bullish trend is still intact.
Happy Trading.
USDCAD 4H SHORT TRADESPrice has broken below 50 sma and went about half way
Price could continue to 100 sma or rise back up to the 50 sma
Sell limit placed if price returns to 50 sma
Sell Stop placed if price continues to 100 sma
SL placed
Take Profit is the 100 sma
Watch Macd
#usdcad sell in this zone now hi all of my friend here is my new forcast for this week check this out #usdcad
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Headlines !!! USD/CAD Potential Short Hi Traders .. USD/CAD looking intresting on weekly timeframe . clear pinbar formation tells the seller presser . USD/CAD will continue it down trend with a nice exaution to downside. Keep it simple . i dont use the indicater . im the indicater
USDCAD TAKE A LOOK WE HAVE UPDATE FORCASThi dear friend we have dominate on market all of our charts goes to profit
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Cad Strong on the Weekly....?This pair is bearish for me looking at the weekly chart, strong bearish candle inside an ascending channel. Therefore bearish short term. A break of the lows inside the yellow box could run it down to 1.25500 support, but a pullback is needed first! Just be wary of double bottoms and tops being formed which are also apparent on the daily timeframe too.
USD/CAD - 200 Pips Short OpportunityNFP results for USD were not good today and employment change results in CAD was better than expected.
It is very possible USD/CAD is now in a short trend as indicators and candlesticks indicates.
If the 200 EMA is broken, then it's going to go down until it finds support and the trend changes.
USDCAD - BUY Blue Lines / Sell Red LinesUSDCAD has broken upside resistance. However we feel the Red Zone & RED Line will be strong Resistance area for further upside. We expect USDCAD to test the Blue Lines and retest the recent high and potentially red zone. Scalp between both lines for both side trades.
USDCAD H4 Short IdeaPending Short @ 1.2680
Stop Loss @ 1.2740
Target @ 1.2360
RR Ratio @ 5.33
rading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Simple Double Bottom PatternLast week we saw a double bottom created on USDCAD 4 hour, with a decent outcome of the NFP last Friday it sent the Dollar flying against CAD. Clearly showing the double bottom pattern would have been perfect to buy once completed.
USDCADPrice confirmed is downward movement. So I opened sell by market because it's already a leaving train, you know :)
