Get started

Usdcadbuy

USDCAD, 4hr timeframe, inverted shoulders head patternHello my friend, Today i spotted a nice buy setup on USDCAD pair. There is a bullish divergence on daily timframe and a nice inside bar pattern so i am looking into 4hr timeframe to time my entry. Surprisingly, there is an inverted shoulders head pattern forming and i think we are going to see price broken above the neckline soon. Buy USDCAD 1.3420-30 Stop loss 1.3360 Take profit 1 @1.3480 Take profit 2 @1.3540 Good Luck Disclaimer: I am opening buy position since 1.3420
Long
by HayatoDragonFX
Long $USDCAD above 1.3300Hello Sophisticated Trader, Our last analysis was over 300+ in gains, now the USDCAD has found some support and is due for a bounce. Currently, closing back above1.3400 suggests a potential test of 1.3500 and a potential test of 1.3700, oversold conditions also support this and only a close below 1.3330 would negate this bounce. Like, Comment, and Follow. Let's Make Money Together! Happy Trading! Dr. Lydia Smith Where we teach you what you need to know to be a profitable trader.
Long
by DrLydia
USDCAD Potential Climb...Price Rejection and now what???Lets start off, by looking at the overall picture of USDCAD. We can see a nice double bottom pattern in the daily chart which I believe a nice "W" shape can occur. If we look closely, we can see that price level rejected off a key trend support level with a nice BULLISH upside movement. As of now, I am seeing a possibility for USDCAD to hit the 78.6 fib level where we can see a retest of 61.8 fib level (also a strong support level at that price level) before we see a continuation in the BULLISH movement up till 161.8 fib level and if breakthrough the first strong resistance level (bold line) definitely we can see it reaching 261.8 fib level. As of now, I am BULLISH for USDCAD but do look out for potential news which may update the movement of USD. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Long
by YGForex