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Usdcadsell

USDCAD: Target towards 1.3200 Until Below 1.3750USDCAD is moving downwards perfectly in the bearish channel Following hints are good enough to support the bearish trade idea: 1. MACD is forming a hidden bearish divergence to continue lower. 2. The most recent rising trendline within the bearish channel is broken lower with a successful retest as the resistance. 3. 4 out of the 5 legs impulsive structure are completed and the target for the last leg is derived from the confluence of the prior leg's Fibo Extn.s at 1.3200 Invalidation of the bearish trade idea would be the break above 1.3750 GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
Short
by moneytize
USDCAD - SWING - 02. JULY. 2020Welcome to our weekly trade setup ( USDCAD )! - 1 HOUR Very bullish price action after breaking below main sr level. 4 HOUR Expecting this move to be a fake out. DAILY Overall bearish market, good short entries! - FOREX SWING SELL USDCAD ENTRY LEVEL @ 1.36230 SL @ 1.37030 TP @ 1.35110 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
15
USDCAD holds below the 1.36675 level, downward pressure aheadStrictly from a technical standpoint, we're seeing the 1.36675 level fail to hold. Price has tried to trade above this level multiple times, but each time it has dipped quickly below it. The initial target is at 1.3515 with a more optimistic outlook down to 1.3384 even. Won't be going too much into how I plan on scaling this trade, but we'll be observing the price action at the initial target to determine if we need to close out.
Short
by FinancialGamblR
Short $USDCAD against 1.3750Hello Sophisticated Trader, Last week long on the USDCAD worked out amazing and the pair has reached a key resistance. Therefore, this week we are looking to Short $USDCAD against 1.3700 as the pair seemed to have rejected the resistance. This potentially leaves the downside vulnerable this coming week, especially towards the end of the month. Any other spike should be considered as a short for a test of the low. Only a daily close above 1.3750 would negate the coming downside. Like, Comment, and Follow. Let's Make Money Together! Happy Trading! Dr. Lydia Smith Where we teach you what you need to know to be a profitable trader.
Short
by DrLydia