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Usdcadidea

USDCAD long trade ideaPlan : trendline or 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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
6
USDCAD at top side resistanceUSDCAD CAD pairs are mostly influenced by the price movements in oil market USDCAD has break the major resistance zone 1.41000 and run up to 1.46800 and stalled The upward trend-line was broken in One hour chart We can expect short term fall back as its in overbought condition We can enter at the 1.44700 level which is 78.6% Fibonacci level Potential take profit will be 1.41750 which is 50.0 % Fibonacci level In between this level there is major deciding level is there which is 6.8% Fibonacci Leave your valuable comments below
Short
by forexorbit
1
USDCAD-opposite to the safe heaven assetsUSDCAD The CAD movement is mostly based on the movement in oil market. As the Canada is one of the major oil exporting countries and their economy is also depends on this type of oil based industries After touching the march low which is 1.33250 it has reached almost 1.40000 level We can expect short term fall back towards 1.36400 which is also a 50% Fibonacci Suitable long positions may opened at this level Potential take profit will be 1.40000 Stop lose may placed below the 100 EMA zone as i marked in the chart Leave your valuable comments related to this pair
Long
by forexorbit
USDCAD might reverse very soonUSDCAD is facing stiff resistance at the 1.3300-1.3340 area which is expected. At this point, both the sellers and buyers are on the sidelines waiting for a move to happen. In my opinion, price will reverse very soon. However, there might be a fake breakout of the resistance level to generate some liquidity before dropping. I have already executed sell orders and I will look to add some more if I see rejection or a fake breakout at the resistance
Short
by YourLazyTrader
33
Trading Pathways Analysis of USDCAD H4 Chart The outlined white arrow pathway is the predicted pathway that the USDCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where USDCAD will turn. PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK. Eiseprod of Trading Pathways
Short
by Trading-Swing-Pathways
USDCAD Sell Plan after a successful 320 pip Buy TradeAfter a 300+ pip profitable Buy Trade on USDCAD(idea link attached), I am back with a sell set-up. As you can see, USDCAD is approaching a strong Resistance Area. So, it's a good idea to be prepared with sell scenarios. My plan is to watch the daily price action in the 1.3300-1.3350 area. If I see an exhaustion of the bullish move or a sharp bearish impulse in this area in the 1H/4H timeframe, I will go short. Traders can look for sell entries between 1.3300-1.3350 with SL above 1.3400. Sellers can take profit at 1.32, 1.3110 and 1.2980 respectively.
Short
by YourLazyTrader