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Usdcadsetup

Potential reversal in USD/CAD; hitting the top of the channelUSD/CAD is moving within an ascending price channel for the last few months. The best level to sell would be after the price hits the upper trend line of the channel. My recommendation is to wait for the price to touch the upper trend line. The area between 1.3150-1.3220 would be of interest to me. Potential sellers must wait for price rejection at the level mentioned above before placing sell orders. However, there is also a chance that the price may not reach that level and it may already start falling before that.
Short
by YourLazyTrader
3
USDCAD preparing for a big dropUSDCAD ( Daily) has created a head & shoulder on the daily and strong bearish price action. It is highly likely that it will have a big drop in the monthly support zone. As per price action shown on the daily, we have seen back-to-back 2 bearish engulfing has formed. Also, we have 10EMA and 20EMA cross-over on a daily time frame. We could see a potentially larger drop in the monthly support/trend line. A selling opportunity may arise later today!! If you like this analysis don't forget to drop a comment and like the idea. Thank you for your support!
Short
by ForexWizard01
USDCAD - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on the chart. Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves). Just ride the bullish or bearish impulsive move. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments respectful. Thanks for your support....
Short
by Tradelikemee