Usdcadsetup
USDCAD bounced from support, potential for a further rise!
USDCAD bounced off 1.37349 where it could potentially rise further to 1.38730.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USD/CAD, price action speaks Bearish languageUSD/CAD has recently broken support area. After daily close, this will become new resistance for the price. If the price retests this, we will be looking for shorts with our members.
USD/CAD, expect price to hit bottom of the Symmetrical TriangleUSD/CAD is rejecting resistance Trend so there is a great chance for some bearish price action which can lead the price to the downside.
USDCAD H11st trade of week 21, starting with a trap reversal short for 40 pips. Stop could be placed behind structure or at a specific price depending on your trade plan and style of risk management.
Is this a bulish momentum for USDCAD ?USDCAD has been trading in that triangle pattern.
I expect a breakout followed by a retest of the price for the continuation of more bullish momentum
SELL USD/CAD at market 1.4086USDCAD is weakening having hit WR1 resistance 18 bars ago (18 hours). The BULLS have tried mightily to push the price higher but a series of doji indecision candles is confirming or perhaps suggesting the BEARS are about to take control.
The price is nicely held under the 5m 200ema and the charts look ever BEARISH.
Jump on board and ride this train down to 1.4000 as a first target
USD/CAD Long PositionHypothetical scenario (11/05 - 15/05):
(1) Entry @ 1.39290 (Buy Limit)
(2) Stop Loss @ 1.38990 | 30 pips
(3) Target @ 1.39890 |60 pips
(4) R:R = 1:2
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USDCAD reversed from resistance, potential drop!
USDCAD reversed off its resistance at 1.40628 where it could potentially drop further to 1.39588.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD UPDATEThis is an update take profit was smashed. Starting next week Monday I will post my analysis with great description so you guys can understand and implement them into your trading. Back test before anything.
USDCADUCAD has came down and tested but is an uptrend move. I have a couple positions placed but every time it comes down to a new support and tests the support I have placed a couple more. Getting more easier by the day. Stay focused and have a simple trading strategy.
USDCAD short from zone to zoneHello everyone, today we got USDCAD. We expect price test supply h1 above and then if we got rejection we will see a drop to zone below.
USDCAD, SELL on H4- A potential FULL Flag formation
- if close above the channel high, confirms the breakout the bull flag
- if close below the short ascending channel, might expose 1.3750
SHORT (SELL) on USDCAD at MARKETUSDCAD has hit the brick wall that is WR1 resistance at 1.4164. With USD weakening in the late afternoon US session this SHORT trade could play out. On the higher time frames the price is what I call "hanging" D1 being a good example of this. Price has bounced at 1.3848 but the downward pattern looks incomplete and the BEARS could possibly drive the price lower but CAD is still suffering from the crushing jobs numbers yesterday.This trade has a 54 pip STOP (entry 1.4136 and STOP at 1.4190) . TARGET is provisionally 1.3950 but will have to be reconsidered depending on whether the trade survives the Asian session tonight
USDCAD LONGHello,
We can see here the Ascending Triangle pattern.
I will be waiting for some confirmation to go LONG with this pair.
If it will break below the trend line I will give some time to complete correction.
We have Impulse/Correction and now I'm waiting for another impulse.
Let's see how it works.
DISCLAIMER: This is my personal opinion and view of the market, trade at your own risk. Use proper risk management and trust the process.
