USDCAD: Double BottomI try this opportunity for this Pair USDCAD
Risk Reward Ratio 1:5
Good Luck
If you have any idea, Leave comment below here.
Thank you
Usdcadsetup
USD/CAD slumps after hawkish BOC event, but a recovery is likelyYesterday, BOC was more hawkish in their statement than expected.
Quite naturally, the Canadian Dollar appreciated against almost all the major currencies.
USD/CAD also took a hit and dropped more than 180 pips after the event.
However, you can see the price has been consolidating in a support level.
Chances are, this support level will hold and price will make a decent recovery.
So, a buy trade between 1.2470-1.2501 with SL below the support and TP at 1.2650
is quite possible.
USDCAD - LONG; Buy it up!! (Correction of the previous post!) Disregard the previous ("EURJPY - LONG; Buy it up for 400 pips!") post!! - It was mean to be this one - USDCAD Long.
The Weekly;
USDCAD Sell setupStructure: Sideway
Tendency: Downward
Price broke daily support,
waiting for retest of support turn resistance
waiting for signal on retest = Sell
USDCAD Sell SetupUSDCAD Sell Setup
- 2nd attempt
- targeting level 1.25000
- consider take partial profit at 1st structure low
- if price drop impulsively then targeting towards level 1.35000 and below
#USDCAD a break above resistance will confirm SHS pattern#USDCAD a break above resistance will confirm SHS pattern
USDCAD Sell SetupUSDCAD Sell Setup
- targeting level 1.25000
- consider take partial profit at 1st structure low
- if price drop impulsively then targeting towards level 1.35000 and below
USDCAD: Ready to go shortI expect fall of usd and downtrend channel continuous in this pair. so i take this trade fast
Start dumping the CAD!! Long USDCAD, AUDCAD for 750 pipsSpeculators (Loonie longs) are starting to have a difficult time here to get any more skewed than they already are. (and all for what?!)
Also, they are unlikely be able to take too much heat, in what is The Weakest FX (long) positioning in the civilized world, before a spectacular implosion.
This one (title chart) is a severe liquidity issue, at best;
The USDCAD Weekly;
The AUDCAD Long is all about plain (insurmountable) capital flows - i.e. common sense;
USDCAD Short - Price forming clear bearish channel
- Price recently rejected dynamic support, now anticipating push to the downside
- 1:7RR, 2% risk
USDCAD CREATE RISING WAGES WITH BEARISH DIVERGENCEUC going to short. Its create rising wages with hidden bearish divergence!
USDCAD Create Hidden Bearish DivergenceUC Create Hidden Bearish Divergence in 4h. Its time to short.
Possible sell setup for USDCADThis is a scenario I am anticipating this week. I am looking for a sell at the support level we broke. A retest of this level will confirm the sell for me
USDCAD create Bullish Butterfly With DivergenceUC Create strong bullish divergence with bullish butterfly pattern.
TP's point underlined.
USDCAD: Good Entry for take a short term signalA clear fix descending trend is drawed; so we take this
USDCAD buy from level USDCAD buy from level
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
USDCAD BUY1. Reversal zone with reversal pattern HCH
2. Fibonacci resistance 61% 78% zone
3. Retrecement pattern breakout and retest
USDCAD | Perspective for the new week | Follow-upThe Bearish trend that began in October 2020 appears to have found a bottom @ around CA$1.24500 as the pattern transpose into what looks like an Inverse Head and Shoulder - a very strong reversal pattern.
My last publication on this pair still holds as I continue to look for Bullish expectations (see link below for reference purposes) following signs of positive expectations from the Greenback as the Non-Farm Payrolls report indicated that the U.S. economy added 379,000 jobs in February, a report that significantly exceeded analyst expectations.
Tendency: Uptrend ( Bullish )
Structure: Breakout | Supply & Demand | Reversal pattern (Inverse H & S)
Observation: i. Breakout of my Key level @ CA$1.26000 late February 2021 followed by multiple rejections of this level during last week trading session supports the expectation of a rally in the nearest future as the price remains supported at this level.
ii. After a significant Bearish Impulse leg, the appearance of an Inverse Head & Shoulder keeps my expectation LONG in the coming week(s).
iii. Bearish Leg that began Oct. 2020 falls to make a Shoulder and then rises to the Neckline(CA$1.27500); price then falls again and below the former Shoulder to make a Head and then rises again; finally, the price falls again but not as far as the second Shoulder with a good possibility of a Breakout/Retest expectation of Neckline @ CA$1.27500.
iv. Even as the CA$1.26000/1.25500 area remains a strong Demand area for me, a Breakout/Retest confirmation of Neckline might be a very good area you might want to join the rally.
Trading plan: BUY confirmation with a minimum potential profit of 350 pips.
Risk/Reward : 1:3.5
Potential Duration: 8 to 15days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
