USDCAD buy on retest USDCAD has made a big move to the upside today breaking the daily and weekly resistance. There will be a good opportunity on USDCAD if the market goes and retests the previous daily resistance and makes it a support level before continuing higher. From that level, we can look for a long on USDCAD.
Usdcadbuy
USDCAD - SWING - 20. OCTO. 2020Welcome to our weekly trade setup ( USDCAD )!
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1 HOUR
Price indecision right now, expecting another push to the upside tho!
4 HOUR
Overall bearish market about to turn bullish.
DAILY
Good price action after pullback.
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FOREX SWING
BUY USDCAD
ENTRY LEVEL @ 1.31610
SL @ 1.31080
TP @ 1.32410
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
USDCAD SWING TRADE 16-Oct-2020USDCAD-Technical analysis
^ Trend reversal
^ Downside pressure
^ Minor pull back - Bearish correction
^ Upward momentum
^ Fundamental support for USD
^ Technical support for CAD
SWING TRADE-USDCAD
Buy Entry @ 1.31580
Take profit @ 1.33240
Stop lose @ 1.31080
70 Pips target R:R 1:1.5
💌 Leave your valuable comments and suggestions related to this idea in the comment section.
Thanks for your time. Good day guys 💝
USD/CAD: positional swing LONG tradehi !
all the analysis turned into the trade in the chart.
the wide stop is to ensure that the play goes on and leaving strengthening (=adding longs) in case goes lower the coming few sessions.
I do expect the target to print still this month.
check the trade every 8hrs and adjust size accordingly. if lower than entry add if above entry reduce risk.
any questions?! - contact me
good luck !
USDCAD is fighting with 1.32000 levelUSDCAD
The price is trading below the 1.32000 which is currently acting as a resistance for the bullish run. In one hour the price is also trading above the 50,100,200 exponential moving average is a clear sign of continuation of bull.
On volume profile the price is also above POC – Point of control. On Elliott wave pattern currently third wave is forming.
From sep low 1.2993& the uptrend trend line is holding this pair. At 1.31600 bullish engulfing candle is formed.
We can buy this pair at current level and the potential take profit will be 1.32700. SL may place below the trendline.
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Disclaimer
It’s not a financial advice. Do the analyze and take a decision.