USDCAD top-down analysis, UPDATEDHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Usdcadbuy
USD/CAD Made Higher High , Long Setup To Create New Higher Low This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
USDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USD/CAD BULLISH NOW.......
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USDCAD SHORTS 📉📉📉Expecting bearish price action on USDCAD as price rejectes a bearish orderblock H4 area filling on it's way the bearish imbalance. We are in a bearish market structure from a HTF(higher time frame) premise and we should go lower from there, another bearish confluence is that price made the shift in strucutre from bullish into bearish (bos - break of structure area) price moved below the last low and retraced lower then the last high.
What do you think ? Comment below..
USDCAD SHORTS 📉📉📉Expecting bearish price action on USDCAD as price rejected a bearish orderblock area on the H4 and filled the bearish imbalance, price made the bearish bos (break of strucutre) and right now formed the lower high near the weekly lows. I think we will see lower prices for tomorrow and upcoming week on USDCAD.
What do you think ? Comment below..
USDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD Bullish to 1.28943//REPOST//
Hello ATFX Academy members, we got a fire setup ahead of us. From the YouTube tutorial I just explained, the reason why I was aiming to buy USDCAD. The overall trend is Bullish, so we are only looking for buy opportunities. We saw a clear BOS, after liquify being taking place with EHQ and EQL. Now we are awaiting for a retest off our POI. If the reaction is well within the 1-3min TF showing strong bullish momentum then I’ll be buying!
USDCAD bullish to 1.28943Hi ATFX Academy members, from the YouTube tutorial I explained why I was aiming to but USDCAD. The overall trend is Bullish so we are only looking for buy opportunities. We saw a clear BOS take place, and now we are awaiting for the retest to our POI before taking the trade.
Let’s see how this plans out. Let me know your thoughts traders.
USDCADThe US dollar has rallied significantly during the trading session on Thursday to continue the recovery against the Canadian dollar. The 1.25 level has offered significant support multiple times, and it looks as if we are rallying away from that level. The 50 Day EMA above is offering a bit of dynamic resistance, and it has broken down below the 200 Day EMA. That being said, this is a range-bound market so, therefore, moving averages do not mean too much.
Looking at this chart, the market continues to see a lot of noisy behavior, as is clearly defined by the floor at the 1.25 level, and the ceiling at the 1.2850 level. Ultimately, this is a market that I think continues to go back and forth over the longer term, and perhaps on the whims of the crude oil market. Remember that the Canadian dollar is highly levered to the crude oil market, which is in the process of breaking down. If that continues, then I anticipate that the US dollar will rally from here and eventually make its way to the top of the rectangle that I have marked on the chart.
On the downside, if we do pull back from here, I think there is plenty of support at the 1.25 level to keep the market afloat. In fact, we have already tried to break the market down below there more than once, both times ending up in significant hammers. As long as that is going to be the case, it looks as if there are a lot of defenders in that general vicinity, and therefore a breach of the hammer from the Tuesday session would be a very negative turn of events, wiping out the 1.24 handle, an opening up a move down to the 1.22 level.
Keep in mind that this pair does tend to be very choppy in general, as the United States and Canada do so much cross-border business. Ultimately, this is a market that I think continues to see a lot of back and forth, but it does look like we are trying to find some type of reconciliation to the upside. I do not necessarily see that this market could break out above, but that could be an argument to be made on longer-term charts. In the short term, it is going to be very choppy with an upward tilt.
USDCAD LongHello traders, this is my opinion on what will happen next on USDCAD .
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Price is now trending in accumulation area and clearly looking bullish.
USDCAD now consolidating on support @ 1.24900 and will rise, so best buy scenario is "buy now" as trend line support area is getting stronger.
I expect the price to rise as it already reversed the trend last week. My goal is price to reach resistance @ 1.26000
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Please use small lot's if you gonna trade on this, always use proper risk management and do more research before opening a position.
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