USD/CAD Short From Resistance This has retraced nicely to the point I marked out in my previous analysis for the pair. This is a good shorting entry to the target of 1.22500 with SL just above the resistance level. MACD is still below 0 so that signifies this is still bearish and EMA's are very close to crossing but I expect this to drop from here.
Usdcadidea
USD/CAD SELL IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
USD/CAD: Daytrade-Preparation
Market-Sell: 1,26140
Stop-Loss: 1,26600
Point of Risk-Reduction: 1,25875
Take-Profit: 1,25220
Stop-Loss: 42 pips
Risk: 0,5% - 1%
Risk-Reward: 2,20
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Irasor
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USD/CAD Waiting For Retrace To ShortThis has broken below a support, it now offers a chance to short this further but we need to see a retrace first for an opportunity to enter the trade. A retrace to at least 0.382 Fibonacci is required, then if and when it rebounds the short can be entered with a target of 1.22500 with SL just above the support level.
USDCAD ANALYSIS 22 - 26 FEBANALYSIS
==========
DAILY - STRONG BEARISH MOMENTUM
4HR - BEARISH
PLAN OF ACTION
================
SHORT TERM BUYS THEN LONG TERM SELLS
IM EXPECTING PRICE TO COME RETEST 50% OR 61.8% FIB RETRACEMENT LEVEL ON 4HR THEN WE TAKE SELLS IN LINE WITH THE HIGHER TIME FRAME INDICATION
SELLS:
ENTRY @ FIB GOLDEN RATIOS
EXIT @ UPON SIGNS OF EXHAUSTION
SL ABOVE THE FIB RETRACEMENT ZONES
USD/CAD SELL IDEAHey tradomaniacs,
welcome to another free trading-setup!
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
USD/CAD: Daytrade-Preparation
Market-Sell: 1,26830
Stop-Loss: 1,27200
Point of Risk-Reduction: 1,26600
Take-Profit: 1,26100
Stop-Loss: 37 pips
Risk: 0,5% - 1%
Risk-Reward: 2,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
#163 USDCAD Long (Buy) Trade Setup IdeaUSDCAD has broken a daily support level and is now falling to a key demand level where we can expect some kind of a rejection. If price action permits, we can look to this level for a potential buy opportunity and aim for a test of the previous support, now turned resistance. If that level does not hold, then we can continue to hold our longs for higher highs on the daily timeframe.
This setup gives a great risk:reward.
USD/CAD Trading in Descending Channel.Hello traders, USD/CAD is trading at 1.2692. The price is trading in downward resistance and support channel, it can go further down from here. As the price has given a small pull back now it can continue its down trend and its target price will be at 1.2548.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Rishikesh Lilawat
USDCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
USDCAD-Waiting for the downtrend expansion As you can see in the daily chart, we are waiting for the descending trend up to the range of 1.2039.
In the 240-minute chart, wave iii from sub-waves of (iii) has ended in the range of 1.2588, and its correction has ended in the range of 1.2882, the price currently is in the last wave of the downtrend, in wave (iii).
USDCAD 30M👋 Hello and welcome traders
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USDCAD short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
USDCAD: Ending Diagonal PatternIn some cases, we cannot detect the main trend clearly. But there are patterns that are helpful, they temporarily show the trend. One of these patterns is Diagonal.
As you can see in the image, the Diagonal pattern is formed and we are waiting for the price to increase to the range of 1. 3411. To get the confirmation for the uptrend, the price should cross the range of 1.2835.
In addition, convergence is evident in RSI. This analysis will be violated by crossing the price from the range of 1.2588.
USDCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX