Usdcadbuy
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
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More upside to test the top of the channel for USDCAD. Looks like there's more upside to come to test the top of the channel for the dollar cad, we will enter a long on pullback to 1.27 and exit at around 1.32. The expectation of rising fed interest rates will bring the price of oil down and cause a rally in the USDCAD.
USDCAD buy trades!!Looking for a boost out of this supportive retracement level for a further continuation back up to take out 1.27800 and further. We have created a little zone on the 1hr and the best buys ill be looking for are from the bottom of this zone (1.26600) otherwise ill wait for a push out of this zone and retest for a further move up.
USDCAD: 4HR Long! Price-Action view
As is, price is ready to advance for tests at 1.26186.
Or, Price could seek more buyers at bargain Entry prices.
Either way, there's opportunity to fit your risk : reward appetite.
Note: Idea is to complement your research.
Check comments section for future updates on idea.
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Thank you. Happy Trading.
USDCAD- BUY strategyWe have peaked a bit and declined subsequently.
We have strong cloud support 1.2626 and stochastic looks starting to go positive. I am not super committed on this suggestion, but feel it may work providing we keep stop-loss tight just below 1.2615. The profit target may be 1.2850 (expecting oil price decline etc).
Buy strategy is around 1.2670-1.2685
USDCAD SHORTS 📉📉📉📉 Expecting bearish price action on this pair from a d1/w1 perspective as price is rejecting a bearish orderblock on h4, taking out stops above 1.27500 and old high area aka resistance 1.27000. If monday closes bearish then i think the selloff will start right into sell side liquidity area.
What do you think ? Comment below..
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
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USDCAD Long for 600+ pipsUsdCad has been in a bullish considation zone since June 2017... For the past 4 months its been gradually falling but i see opportunity to hop back into a perfect buy for the next few weeks off a double bottom on the Daily which is touching a monthly resistance, so possible swing trade for 600+ pips
USD CAD 2022-2023Long term bigger picture of strong dollar
Canadian Dollar Is Losing Ground Against U.S. Dollar
USD/CAD is currently trying to settle above the resistance at 1.2710 while U.S. dollar is moving higher against a broad basket of currencies.
The U.S. Dollar Index managed to settle above the 97 level and is testing the resistance at 97.25. A successful test of this level will open the way to the test of the resistance at 97.45 which will be bullish for USD/CAD.
USDCAD SHORTS 📉📉📉📉 Expecting bearish price action on this pair as price takes out buy side liquidity rejecting an important psychological barrier 1.27000 with a high momentum bearish candle, there is a bearish orderblock on d1 as well + bearish market strucutre from a HTF premise, we go lower USD is weak for now.
What do you think ? Comment below..