Usdcadbuy
Is the channel going to hold for the USDCAD?The dollar cad tested the bottom of the channel like we predicted and moved up higher, it has now tested the top of the channel and faced some rejection, are we going to see a break out?
BEAR CASE
Until proven otherwise, our bias is to the downside. We expect to see it test the bottom of the channel once more and if it faces rejection there or before there, we know a major upmove is coming for this pair.
BULL CASE
If a breakout happens, we're targeting 127 to put up some resistance.
USDCAD ready for next upside push??Been a bit of a slow start to the week but we are now starting to shape some possible new moves, one of them been a possible continuation on USDCAD. Ill be waiting for more rejection out of 1.24000 area before taking longs. As always risk manage and keep to that trading plan!!
USDCAD: Market ShiftRecently price shifted from bullish to bearish, however, the order block that broke the high is yet to be tested.
If we manage to hold the OB then I will look for buys higher.
If the OB is disregarded, we can attempt to sell the market from new areas of demand.
Leave a thumbs up and comment what you think below.
USDCAD will get choppy!Like I've been explaining I think we will get an upside rally on USDCAD its just a matter of getting a good entry point, as mention there will be some impactful data in under 2 hours so be careful!! ill be taking a look at price over the weekend for setups leading into next week, I never place trades before any uncertain times (news/data events) its a straight gamble and I'm here for the highest probable situations..
USD/CAD BUY NOW.......
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
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USDCAD - Short-term BUYThe USDCAD still my favorite BUY strategy.
We got a regression channel with support 1.2314, and a BB support under 1.2260. RSI neutral and MACD positive.
It is my suggestion to buy USDCAD between 1.2327 - 1.2376 (current) and take profit at the mid-level of the regression channel 1.2657.
OIL is overbought, and any correction there would make USDCAD move upwards.
Stops should be placed under 1.2260.
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?
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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.
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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.
