USDCAD SellI am sold it because on D1 time frame market made HH but the confirmation of sell I got on H4 time frame. Hope we will make handsome profit on it. This trade may be long term trade to hit TAKE PROFIT 3.
Usdcadforecast
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.
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!
USDCAD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 Analysis H1Here is my analysis for USDCAD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USDCAD MID-WEEK ANALYSIS UPDATE 08/10/2023Bullish USD/CAD Short-term Opportunity 📈
Recent USD strength suggests a potential short-term bullish opportunity for USD/CAD. Set risk parameters, and stay informed for a tactical trade. After the market breaking the previous structural low, watch for any bullish reversal patterns during the pullback. Good luck! 📈💼📊💹
OIL can also let this play out differently but the main target is still the same
USDCAD Analysis H4Here is my analysis for USDCAD on H4 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Might be beginning of impulse wave downPreviously it was quite strong sell on H$ chart and the current structure showing weak buyer indicates still in selling momentum. Possible sell opportunity for intraday set up, waiting for valid swing low to be formed when internal (H1) swing low to be broken. As long as no minor swing low (choch) formed, no sell opportunity.
USDCAD - Long for buy side liquidity ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here price follows bullish price action as I said in my previous analysis. I will look to add long position if price makes a retracement and then rejects from bullish order block. My target is still buy side liquidity.
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USDCAD Analysis H1Here is my analysis for USDCAD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
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!
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
USDCAD - Long active ✅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 expect bullish price action from here as we can see that price filled the imbalance and rejected from 1H bullish order block + institutional big figure 1.36000.
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USDCAD Analysis 12Oct2023In my analysis of USDCAD, I identified a potential buying opportunity in the Fibonacci retracement zone of 0.236 to the SND area. The market structure still shows a series of bullish trends, indicating a possible upward trend. However, it is important to note that this analysis will be invalidated if the price drops below a certain level. Therefore, it is essential to keep an eye on the price movement and adjust the strategy accordingly.
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.
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USDCAD Daily TFUSDCAD has recently broken free from a downward trendline that has been in place since October 2022. we are having a break and retest, I anticipate a shift towards a bullish direction in the coming two weeks. Several factors align to suggest potential buying opportunities, particularly noteworthy are the robust converging signals around the 1.36447 level.
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
New Series📒 HapHazard pairsStarting a new series today doing Analysis on random pairs.
* Leave a comment below about the next Analysis.
What pair should we look into Next? 📝
Welcome to Q4 2023. Let's do it 📊
USDCAD Analysis Today Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 - 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
USD/CAD sell set-up in the 4Hour chartHello traders, we are witnessing the formation of multiple rejection
candlesticks in USD/CAD in the 4hour chart. 1.3730 level could
act as a resistance.
If the level holds, selling USD/CAD@1.3710-1.3730 with SL above
1.3780 and TP at 1.3550 is a potential sell trade.
The above set-up would be valid only if price doesn't break the
region that I have highlighted in my chart
USDCAD Long Term selling Trading IdeaSep 25
Hello 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
