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USDCAD Long Term selling Trading IdeaHello Traders In This Chart USDCAD HOURLY Forex Forecast By FOREX PLANET today USDCAD analysis 👆 🟢This Chart includes_ (USDCAD market update) 🟢What is The Next Opportunity on USDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
3
USDCAD Buyers Are Strong? {26/10/2022}Educational Analysis says USDCAD may go long according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why long? Broker FXCM. After Ranging on the daily timeframe, A 4-hour time frame Made a Recent Upward Impulse Move that broke recent resistance and went for a new high, Long setup after eating stop loss from Short Sellers, Because USDCAD fair value gaps are unfilled in a 4-hour time frame. The last Analysis is jointly connected in this updated one. So, trade is already on with RR is 1: 22.01 I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS. Happy Trading, Fxdollars.
Long
by VishalBudhrani
USD/CAD 1HR Analysis - Are We About to Break to the Upside?USD/CAD had a fantastic bounce off of the bull channel bottom (1.36600) just below the 1HR 200EMA, leading to a 120 pip run to the top of the channel (1.37800). If you followed my last USD/CAD 1HR Analysis, this was the exact move I was after, which has now ended. Where do we go from here? Key Points when considering a long: 1. We're at the top of a bull channel, very risky to long here as the probability of a breakout is statistically 10% and your stop loss should be at the bottom or below the channel. Not good Risk/Reward considering the probability, even with a small position. 2. The previous high resistance intersects perfectly with the top of the bull channel. Another indicator to wait on longing. 3. RSI is in overbought territory, a weak indicator, but supports the other data here. 4. The Weekly resistance may now be support. This previous bounce was rather convincing. We need to continue to see newer highs up to the high of the Weekly Bear channel at 1.40000. (See my USD/CAD Weekly analysis). The weekly support is 100 pips below us, best to wait until we get closer. 5. If you're long, take some profits, and wait for another entry toward the mid-range of the bull channel. Wait for a bull signal bar and confirmation bar that closes on or near its high. Preferably off of the 1HR 30EMA or 200EMA. What about a short here? I think a short on the 5-minute or 15-minute chart at this level can be reasonable. However, the macro trend is bullish, I would argue position size should be lower than your maximum, and your stop loss be placed just above the channel top. Shorting to the 1HR 30EMA or 200EMA is risky, but with the right trade management, it could render some profits. I argue to remain long and wait for that long entry, there is probably more upside than downside at this stage of the game since we've broken out of the Weekly bear channel. As always, trade at your own risk, you are responsible for your trades. I hope this analysis was insightful and useful. Trade wisely and let us know what you think in the comment section below!
Long
by TraderEngineering
USD/CAD Daily Chart Analysis - The Bulls Push for a Breakout!USD/CAD broke out of weekly resistance last Thursday with some solid strength, touching 1.37850. The price action fell back down to the Daily 30EMA at 1.35700 and bounced back to the resistance line at 1.37000, but failed to break out this time. USD/CAD fell back down to the Daily 9EMA and gave a slight bounce to the upside before the week closed. The buy pressure is there, but are we going to break out? What we need: -We need a higher high on the Daily chart that closes above the Weekly Resistance at 1.37000 -Follow that breakout with a test of 1.37000 Support. A Daily close again, above 1.37000, will confirm the breakout. What we have: -A Bull Channel without a sign of a reversal. -Strong Bull bar and bull run from September 29th. -Weak reaction to the Weekly resistance. -We are currently sitting on a minor support line. Look to the left on this chart and see the price action sitting on it. -A third attempt to break out of this Weekly bear channel, which is now a bull flag. -DXY is strong and just closed Weekly bull candle. More upside looks promising. All that being said, a long at this very moment would be risky. We *need* confirmation of the breakout as described above before entering a long. Once we get that confirmation above 1.37000, a long to the upper side of the bull channel around 1.40000 is reasonable, taking profits along the way. Trade wisely and let us know what you think in the comment section below!
by TraderEngineering
BluetonaFX - USDCAD Cup & Handle Pattern SHORT IdeaHi Traders! There is a potential cup and handle pattern forming on the 4H USDCAD chart, and there is potential for further moves to the downside depending on whether we get an important support price break. Price Action 📊 The market has had an up wave to start the cup pattern and a down wave to finish the cup pattern. The market has now almost reached our support level at 1.35618, and there is potential here for a market consolidation period, which will be the cup handle. We are looking for a momentum price break and a close below the support line at 1.35618 for further continuation to the downside. Fundamental Analysis 📰 Traders are currently nervous about the US dollar. With the Fed Minutes meeting tomorrow, the market will be looking for hawkish statements from the Fed in response to the very strong economic data recently published.   Support 📉 1.35618: SUPPORT LINE Resistance 📈 1.36022: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
USDCAD Detailed Analysis I 100 + Pip Move! Welcome back! Let me know your thoughts in the comments! ** USDCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
14
USDCAD Long Term selling Trading IdeaHello Traders In This Chart USDCAD HOURLY Forex Forecast By FOREX PLANET today USDCAD analysis 👆 🟢This Chart includes_ (USDCAD market update) 🟢What is The Next Opportunity on USDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
2
USDCAD - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for long. I want price to make a retracement to fill the imbalances lower and then to reject from bullish order block + institutional big figure 1.35000. Fundamental analysis: Tomorrow we have important news on USD and CAD, will be released NFP in USA and Unemployment Rate in USA and Canada. Pay attention to the results in order to see the direction for short and medium term. Like, comment and subscribe to be in touch with my content
Long
by Snick3rSD
6