Usdcad positioning for long- riskyPrice has not t yet triggered our previous analysis, and the market makers are dropping the pair down for.
a cheaper entry price.
Inverse head and shoulders neckline coincides with trend lines breakout zone....massive buy pressure here.
Note that TDI is still flashing sell but worty the risk 1:9 RRR if won.....we move.
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Usdcadlong
Usdcad long?The pair has approached a 4H trendline, after an attempt to break below it was foiled by the bulls, a case can be made for its bullishness.
A breakout of the descending channel can lead to more upside climatic action.
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USDCAD bottom of channelUSDCAD has almost reached bottom of 18 months long channel.
Channel is inclined upwards, with the possibility of a breakout and forming a bowl on weekly chart.
S/L and TP are being channel boundaries, here are targets
TP: 1.31189
SL: 1.24262
Current: 1.25783
In case prices reach upper bound of the channel, you may also look for a breakout instead of TP.
USDCAD - Daily Trade Idea - 2-Jun-22USDCAD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
How to Analyze The Monthly Timeframe on USDCADHey Purpose Traders. As you know I am a swing trader. Being a swing trader means I am analyzing the higher timeframes such as the monthly, weekly, and daily, to find my trade setups. In this video, I am showing you how I'm analyzing USDCAD to find my next entry.
If you have any questions, I'd love to see them in the comments below so I can answer them. Remember to be kind and enjoy your summer trading.
USDCAD | UPSIDE FORECASTUSDCAD has been in a downtrend after defining a top. The price action has broken down multiple minor supports and continues its journey downward.
Currently, it is approaching a strong horizontal level where price action may show some upside move.
Trade your levels accordingly.
USDCADHello Traders Welcome back to another profit day
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Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
USDCAD view with smart money concept
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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have a good profit day guys
USDCAD - Daily Trade Idea - 25-May-22USDCAD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
USDCAD - Still in a corrective rally.FX:USDCAD is still in a corrective really and looking for more upside towards 1.32 - 1.33 area.
On a smaller TF there is a nice low risk long possibility which could send it up there or one more pb to 1.2665.
Just a couple of levels to keep an eye on.
I will post the short term chart shortly.
Enjoy the day.
USDCAD - Daily Trade Idea - 23-May-22USDCAD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.