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Usdcadidea

USD/CAD Technical Analysis.Currently, USD/CAD is trading at 1.3160. The pair is trading in a side ways trend after rebounding from its resistance level, It can move in either ways UP or DOWN. So, accordingly plotted entry levels and target prices. If the price breaks resistance level at 1.3179 it can move upward and hit the up target at 1.3242. If price breaks support level at 1.3128 it can move downward and hit down target at 1.3055. 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. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
by rishililawat5
2
USD/CAD LONG IDEAHey tradomaniacs, welcome to new trade-idea. Note: This is meant to be a preparation for you! As always we will have to wait for a confirmation! USD/CAD: Daytrade-Preparation Market-Buy: 1,31345 Stop-Loss: 1,30990 Target 1: 1,31675 Target 2: 1,31975 Target 3: 1,32370 Stop-Loss: 35,5 pips Risk: 0,5% - 1% Risk-Reward: 2,88 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
5
USD/CAD Moving in Downward Channel.Currently, USD/CAD is trading at 1.3124. The pair is trading in downward resistance and support channel and it may reverse back from here, as the price has already touched resistance level. The price may rebound back to the support level if it doesn't break the resistance level at 1.3140. If the price goes below 1.3068 level then it may touch the support level at 1.2954. Do have a closer watch on this pair usually channel trades give a good risk/reward ratio. 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. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
USD/CAD Technical Analysis.Currently, USD/CAD is trading at 1.3081. The pair is trading in a downward resistance and support channel moreover it is about to enter its support zone. The price is moving towards its support zone at 1.3044 and it can rebound back after touching the support zone. So, it is likely that after it rebounds from the support zone, it can start a new uptrend. 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. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5
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
Long
by GWBFX
6
USDCAD - BULLS OR BEARS?*ENG* - Price hitting our supportive zone and showing some correction signs. - Right now price action is showing a possible bearish move. - If price breaks our resistance trendline, wait for the retest and then look for long entries. *PT* - Preço a atingir a nossa zona de suporte e a demonstrar alguns sinais corretivos. - De momento o price action está a demonstrar uma possível quebra para baixo. - Em caso de quebra da trendline de resistência, aguardar pelo retest da mesma e procurar por entradas para long.
by Wevesting
USD/CAD Trading in channel.Currently, USD/CAD is trading at 1.3216. The pair is trading in a down trend from some time in a channel pattern. The price is about to touch the resistance level and It may rebound back from there. The pair is in down trend from some time, so it is possible that it will continue its down trend and touch its strong support level at 1.3050. 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. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
USDCAD HEADING LONG?!ENG: - Price correcting after breaking our resistance trendline , we are now expecting a bigger move to the upside after the touch. - In case price breaks, we would look for a new long at our supportive zone. PT: - Preço a corrigir após quebrar a nossa resistance trendline , estamos agora a aguardar por um movimento maior para cima, logo após o toque na mesma. - Caso o preço quebra a trendline novamente, iríamos procurar por uma nova posição de compra na zona de suporte.
by Wevesting
USD/CAD Technical Analysis.Currently, USD/CAD is trading at 1.3388. The pair is consolidating in the ascending triangle pattern. Previously, the pair was trading in a down trend. There is a great possibility that the pair will rebound back from its resistance level. But if the price breaks the resistance level at 1.3452, then It may start a new up trend and its first target price will be at 1.3544 and second target price will be at 1.3600. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5
USD/CAD Technical Analysis.Currently, USD/CAD is trading at 1.3547. The pair may start a new down trend if it breaks the support level at 1.3522. Previously, the pair was consolidating in the resistance and support wedges. If the pair starts a new down trend after breaking the support level, then its target price will be at 1.3387. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
USD/CAD - Buy Opportunity Within Ranging ChannelHello Traders!, We're expecting more USD weakness for this trading week as we look ahead to see what pairs can be traded against USD, here we have a great opportunity to take advantage of some short-term range within a channel down. What Is The Market Telling Us? We could be in a bullish trend for the long term as there's been a pivot point @1.33500 level Price has been ranging within our channel for just about two weeks, giving us a strong indication that the channel is being respected Bullish crossover of moving averages is incoming which could give us a sign that price is heading towards the channel resistance When Should We Enter? We can wait for a pure retest of our support level @1.35300 followed by bullish signals (candlestick pattern etc) before BUYING If we do not get a valid retest of our support, we can wait for price to violate our recent high of @1.35600, (BUY STOPS etc)
Long
by AI_Expert_Advisor
4
USD/CAD Technical Analysis.Currently, USD/CAD is trading at 1.3539. The pair started a new down trend after breaking the support level at 1.3548. Previously, the pair was consolidating in the resistance and support levels. As the pair has already started a down trend by breaking support level, its first target price is at 1.3430 and second target price will be at 1.3358. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5