USDCAD short area update Just a quick update on USDCAD as I'm waiting for price to show better moves I thought id share what I'm looking for.
Usdcadsell
USDCAD running into resistance (short area)Will 1.28000 be the resistance that gives the much needed pullback on USDCAD? Ill just be monitoring price at the start of the week and hopefully price can shape nicely for either a bigger retracement or even possible reversal.
USDCAD breaks out cleanly. More upside but stay nimble!The dollar cad finally breaks out of the channel that it was trading in and we should see more upside in the coming weeks. But this upside move is capped by strong resistance areas and there isn't much of a room to go. I'd control my risk and stay agile if I were you.
USDCAD - SHORT - SELLHello everyone, I am shorting USDCAD for 135 pips with tight sl we are at demand
USDCAD = BearishHi fellow traders, look for more downside on USDCAD as the correction has completed and oil is ready to move higher. Goodluck!
USDCAD ( IT'S ALL ABOUT SNIPER ENTRY)Break of structure for potential downside movement , worse scenario is when price violates and continue to the upside due to higher tf point of interest above that are likely to be tested { we might extend the sl for the safety just depends on how price will react }
USDCAD SHORT TRADE UPDATESo hopefully some of you guys may be in this trade, as expected price is pushing down and looking like we may see a deeper pull back to go with the overall uptrend or possibly making a reversal for some further downside. Even though I'm not in the trade I will update later in the week.
USDCAD SHORTS TAKENHoping to see another much needed deeper pull back or possible trend change on USDCAD, I've just entered and like I said moving stops to entry point as soon as a few pips in profit as I'm not forgetting the overall 4hr uptrend!
USDCAD STILL HOLDING SHORTS UPDATE!Firstly I apologies for my voice I'm currently trying not to lose it LOL, anyway I've still got my short trade open but moving stops to breakeven, we seen price get a bit choppy Friday and I do expect weakness from the dollar... so a sell off or push down on USDCAD I feel is coming, the hard part is getting the best position with the lest risk. Ill monitor price at the start of the week and if I get stopped at break even I will start to map out next short areas.
USDCAD breaking out?Until farther evidence surfaces, our bias is towards the price continuing to range in the channel we drew. THis means that price will continue to move down. However, it's been in this channel for quite some time and may break out soon, in that event we want to trade the break out as it brings us bigger price movements.
BEAR CASE
If you want to short here, give it a generous stop loss and check the price action at 1.255 (bottom of the channel), if it breaks down, take the trade.
BULL CASE
If it breaks the top of the band, 1.275 is our target.
USDCAD SHORT TRADESo I've just taken short trades on USDCAD and hoping to see a quick move down where ill be moving my stop loss to entry point and hopefully catching a nice risk free short to finish the week on USDCAD.
USDCAD SHORT TRADES Looking at catching the pullback move back down to atlest 1.25400, we are still in an overall 4 hr uptrend so make sure if you do enter and go into profit, move those stop losses to breakeven pretty quickly.
USDCAD - SELL strategyThe suggestion to go long some weeks back worked well.
Now we are on the other side of the fence, expecting to retrace a bit. We should SELL at current 1.2605 and keep stop-loss tight at 1.2657 max.
The channel is well-define, and i feel we will remain below or around the mid-range of the channel and come to lower boundary again. Further, the Moon Phase is new moon suggesting a correction down again.
the profit should be somewhere 1.2450.
USDCAD is likely to breakdown!!Hello traders, USDCAD has tested the long-term trend line as resistance and rejected to the downside. This weekly price has opened with a gap and it is highly likely that this instrument may break to the downside.
USDCAD: Obvious SellsThis zone seems too obvious for sellers, I would like to get in once we see some manipulation of this region.
Once we clear the high of the OB, I will look for LTF shifts for sell entries.
Is the channel going to hold for the USDCAD?The dollar cad tested the bottom of the channel like we predicted and moved up higher, it has now tested the top of the channel and faced some rejection, are we going to see a break out?
BEAR CASE
Until proven otherwise, our bias is to the downside. We expect to see it test the bottom of the channel once more and if it faces rejection there or before there, we know a major upmove is coming for this pair.
BULL CASE
If a breakout happens, we're targeting 127 to put up some resistance.
USDCAD short intra day areaWill be watching price at current area to see if we can get a pull back move back to the downside.
USDCAD SHORTHey Traders, we are monitoring USDCAD for a selling opportunity around 1.125 zone. Once we will receive any bearish confirmation the trade will be executed.
Trade safe and use Proper Risk Management.
Joe.
USDCAD SELL SET UPI know to a lot of ppl this was a buy set but I have a different perspective on this based on my pattern trading strategy and to support my idea we have the Dollar index showing us USD weakness for weeks to come. I hope this makes sense but above all the analysis says volumes.
USD/CAD:PRICE ACTION | NEW BEARISH SETUP READY...The DXY index continues to rise and the USD/CAD pair retreated again after the US Non-Farm Payrolls surpassed expectations and the US dollar rose to daily highs.
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USDCAD: Elliot Wave of USDCADthe end of 5th wave down trend and end of B wave at 1.22025=FIB 0.786 wave A and we going to uptrend to end of wave C of bigger wave.
USDCAD: Market ShiftRecently price shifted from bullish to bearish, however, the order block that broke the high is yet to be tested.
If we manage to hold the OB then I will look for buys higher.
If the OB is disregarded, we can attempt to sell the market from new areas of demand.
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