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
Usdcadsetup
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.
USDCAD 4H - Price Action Testing Descending Wedge Resistance 📢USDCAD 4H - Attempted Breakout / Potential Rejection
📈Price levels are currently testing the overhead resistance of the visible descending wedge chart pattern at 1.40050 that's been playing out over the last 3 weeks.
📊A break to the up-side with give a reason for buy positions over the coming days and weeks as momentum builds in favour of the bulls.
USDCAD SHORTDoes price repeat itself?
It looks like a chance to sell this pair and grab a 4:1 risk ratio trade.
DISCLAIMER: This is my personal opinion and view of the market, trade at your own risk. Use proper risk management and trust the process.
USDCAD ENTER NOWHI, TRADERS
MY NAME IS KD
TODAY I HAVE A GOOD STRATEGY PUBLISH TO ALL OF YOU :)
YOU CAN CLOSE YOUR TRADE ANYTIME AFTER YOU SEE PROFIT.
THERE IS NO OBLIGATION TO CLOSE AT TARGET TP.
RISK MANAGEMENT IS VERY IMPORTANT :)
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USDCAD bounced from support, potential for a further rise!
USDCAD bounced off 1.39455 where it could potentially rise further to 1.42540.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD BREAKOUT UPDATED SETUPUSDCAD on still on a uptrend after the retest back to the trend line i will be looking for a good buy opportunity.
USDCAD: Key Resistance at 1.4700. Watch For Sell.Hi traders,
Price has reached a critical sell zone @ 1.4700 and is making a case for a WXY regular flat. What is also interesting to note is that we're testing the high from 18 January 2016.
Be sure to manage risk and stick to your strategy when looking for any short positions.
Regards
Wave Theorist
U.S. DOLLAR / CANADIAN DOLLAR (USDCAD) WeeklyDates in the future with the greatest probability for a price high or price low
USDCAD--H4--H1 SHORT || Sell SetupHere price already have broken the previous support now respect as well as resistance with trendline...
So hope it will SHORT position...
Just wait for confirmation and must follow PRICE ACTION...
Strong short usdcad for long term targets 1.1900/1.0700 strong short usdcad for long term targets 1.1900/1.0700 just Trade with proper money Mangement thanks
USDCAD--H1--SHORT Forecast || Do not miss it...Here a good downtrend and also today's USD news was bad impact.
So after breaking this support You can go for SHORT...
USDCAD SHORTMy trade idea is complete at 480 pips. I will wait for breakout from the channel to enter other short positions.
See initial idea (before) here
USDCAD : Will it turn BearishUSDCAD ;
Trade : Short/Sell
Profit Target : 7% < 15% (Swing & Long term)
Trade Type : Reversal
USDCAD SELL SHORTS from pink box zone given await rejection then enter, if it doesn't reject this trade set up is then invalid
SMALL LOT SIZES
USDCAD at top side resistanceUSDCAD
CAD pairs are mostly influenced by the price movements in oil market
USDCAD has break the major resistance zone 1.41000 and run up to 1.46800 and stalled
The upward trend-line was broken in One hour chart
We can expect short term fall back as its in overbought condition
We can enter at the 1.44700 level which is 78.6% Fibonacci level
Potential take profit will be 1.41750 which is 50.0 % Fibonacci level
In between this level there is major deciding level is there which is 6.8% Fibonacci
Leave your valuable comments below
USDCAD SHORT FX:USDCAD
Price has come to a resistance point in weekly time frame, we want to see if price is going to reject that point and act as resistance and after a retest of that zone we might consider of opening a sell position up to 300 pip target.
We are looking for the retest in 1H time frame
