Usdcadbuy
USDCAD: Succesful Manipulation EntryWe knew it was coming, as predicted in our related ideas below.
As soon as it came, we jumped at the opportunity and got involved in swing buys with a tight stop loss.
I now expect this move to rise up to 1.26, AT LEAST.
Hopefully, you guys managed to catch the same move.
UsdCad- Great R:R medium term tradeUndoubtedly, since mid-March, CAD has dominated the market, and with USD has strengthened more than 2500 pips, reaching a local low at 1.2 at the end of May.
A first leg of correction has followed and a new drop after this.
However, this new drop has found bids in 1.23 zone and we have 2 Doji candles on our weekly chart that can signal a higher low is in place.
I expect a new leg up from UsdCad and the price could reach and test 1.3 resistance.
Such trade can have a 1:5 risk to reward ratio and is negated with a daily close under the last recent low
USDCAD more downside coming!The dollar cad traded is largely range bound this week. The coming week should see a break of trend to either side but our bias is to the downside as structurally on the longer term charts, it looks bearish.
BEAR CASE
If bears find conviction, we should see a retest of 1.2 before some consolidation and more downside.
BULL CASE
As we enter the first week of November, do not be surprised to see price retest 1.25 before the bear case is fulfilled.
USDCAD - Daily - Bullish continuation upsideUsdcad - Daily - price pulled down to a monthly demand zone and now looks set to reverse back to the upside and give us a 300-400 pips rally. Lets ride it
USDCAD: Buys AvailablePlease refer to my related idea to get a better understanding of the long term vision for this pair.
I would love to buy this pair here but I am fearful that retail is buying heavily here leaving this area open to manipulation.
I think it would be sensible to wait for a deeper retracement before we buy up into our target area.
What do you think of this setup?
Please, support this post with a like and comment!
USDCADWeekly Chat shows a Retrace on yellow rectangle .
Its go fake Broken then its go up on next Resist area .
And Green Rectangle shows on already its Four reversal on this resist area .
Then its a target .
Please order on fake breakout then take buy order
Risk & Ratio = 1:3
USDCAD pivotal points (long term sell)USDCAD previously rejected a major support/resistance level as well as a weekly fib level and the weekly 200ema.
The way i trade is from one major level to another, so the next tp is 1.20255. But before that, i knew that price could stop and react to this 1.2300 support level , which it did. i entered after seeing the 1H and 4H charts were illustrating a rising wedge , which is a sign that price is indeed going back up, temporarily. The rsi on both timeframes was below 30 (oversold) and the rsi on the 4h was even showing divergence .
I took opportunity of this retracement to what’s most likely a fib level to enter a short term buy before we continue down. Once the buy TP is reached, i’ll look for signs of rejection and take it back down to the original sell TP .
USDCAD SELL ideaUSDCAD has been making higher lows in the recent week, however I've noticed it has been trading in a consolidation
There are 2 entries here where the aggressive one is based on these confluences:
Retest of Trendline
Test of 61.8% Fib
Higher Low Created
Bullish Engulfing/Momentum Candle
Conservative entry would be on a break and retest of the consolidation box
USDCAD Short to Long idea /MultipletermHello guys.
We are having quite strong downtrend.
At the moment wave3 /=W3/clearly pulling back at fib 1.618 and heading to wave4 /=W4/. Wave 4 might be at Fib 0.2 /1.24045/ or Fib 0.3 /1.24727/. Then it possibly retrace to wave 5 /=W5/ around 1.217.
Please write comment. If you like it press LIKE.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading
USDCAD W3 Oct 2021USDCAD
Long Setup
👉🏻 Price broke out of an Ending Diagonal and tested the support zone. 1:2 Risk to Reward Ratio.
USDCAD / Long opportunityPrice has reached an area of support where it has rejected from in the past
Currently waiting for a structure break on a lower timeframe to enter a long position
Please feel free to follow for more ideas
USDCAD LONG TRADE Nice area we are currently reacting from. Id like to see price from here make a quick upside move where ill be moving stops to break even and hopefully holding a nice swing trade. Make sure you are only risking 1% max, this is a risky area but can pay off if we see a reversal.
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 trading the obvious levelsStill holding short trades but will take 50% profit very soon. 1.26000 is area of support that has my interest for a possible trade back to the upside. Keep an eye out for a reaction from that zone to hopefully open nice entry's for longs.
USDCAD Head & Shoulder Pattern?I've noticed a head and shoulder forming on USDCAD, with rejection on Major Level 1.28000.
We will have to wait and see what the reaction of price does on level 1.26000 before any decision is made.
FOREX ANALYSIS : USDCADFX:USDCAD
The blue and red lines mean: I think prices can return in these areas.
Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets.
If you want to use this deal, please risk only one percent of your account balance.
USDCAD intra-day long tradesJust a a bit of an explanation to my USDCAD buy trade to start the week which is now running risk free. For these intra day trades I like to be a bit more aggressive on the charts quickly moving stops to break even to cover my positions and having tight stops from entry to minimise risk. I cant always update my entry in video form but will do my best to alert my trading view when a see potential setups. Hope everyone smashes it this week! annndd dont forget riiiiissskkkk mannnnnaaaaggeeeee!!!
USDCAD: Buys ExpectedThe zone to the left provides a great area of demand to bounce from.
I would like to see some rejection and structure shift on the lower timeframes before we begin to buy into the bearish imbalance on the way down.
What are your thoughts on this setup?
USDCAD long ideaPotential area to go long here.
PLEASE NOTE comments made in last post in regards to price action and trade invalidation.
It is a Friday, be extra cautious!
USDCAD BUYPrice retested flip zone, trend-line and Level 1.27000
I'll be looking for buys on level 1.27500
Reasoning:
- Overall Trend is still bullish, however we've seen a little rejection around level 1.28000-1.29000 (Watch out for signs of a reversal)
- Price broke and retested level 1.27000 & Price flip zone (Blue)
- Price respected trend-line
- USD has shown considerable strength as the FEDs are looking slightly Hawkish from yesterday's FOMC meeting. However, beware as sentiment about this is highly mixed
Entry:
Aggressive = Bullish push from level 1.27500
Conservative = Break and retest of counter-trend line (Red)
WAIT TILL OPPORTUNITIES PERSISTS, NO CONFIRMATION = NO TRADE
Take Profits would be placed at previous highs.
*If Price rejects on 1.28000, Get out of the trade
