USDCAD - DAILY - SHORT SETUPUsdcad has been uptrend for over 3 weeks and now its at a monthly supply level so we can see a correction on the way on daily and H4 timeframes.
Usdcadsetup
USDCAD longI took this trade in the hope to test the 1.40 level. Minor support below, so let's see how it goes. Cheers!
USDCADlONG USDCAD
TP 1 50 PIPS
TP 2 110 PIPS
TP 3 OPEN
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USDCAD: SELL MOMENT!The value needs a retest in the downtrend, now is retesting a 78% of fibo and it's also giving us a confirmation of a sell zone, we expect at least 95 pips for this operation (1st TP will be in the marked supply zone), stay focused because the value is giving us a short entry.
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USDCAD in a SELL ZONEThis is what can we expect about USDCAD this is an update of a previous analysis, i leave the link here, by the reasons exposed in the post (38% general fibo Daily+KL+ offer zone+78% fibo 1h) that means that this is a really strong sell zone.
USDCAD: Price Approaching Sell ZoneHi Traders,
I'm looking for an expanding flat in wave X. It is at this point where I'm expecting institutional sellers to take short positions. With this being said, we currently do not have a confirmation take any short positions.
Wait for confirmation before taking short positions.
Regards
Wave Theorist
USD/CAD LONG SET UPUSD/CAD BUY
Entry 1 1.32444
Entry 2 1.32380
Sl 1.32280
Tp.1 1.32644
Tp.2 1.32844
Tp.3 1.33044
Trading Pathways Analysis of USDCAD H4 Chart
The outlined white arrow pathway is the predicted pathway that the USDCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where USDCAD will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
2 Short trades for USDCADThe conditions are satisfied:
- Wave pattern (enter the trade on pint 5)
- Previous High Impulse on Dec-11
- Fibonacci Retracement 61.8%
In this case, we can trade twice:
First trade Intraday
Entry 1.3224
SL 1.3241
TP 1.3204
Second trade Overnight
Entry the same or you can wait for 1.325 to take a lower risk
SL 1.32750
TP 1.316
USDCAD - Waiting...I think we have to wait for a correction, then make a decision, because we are in a huge downtrend in 1D.
ANALYSIS ON USDCADANALYSIS ON USDCAD
Welcome to my analysis
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1HR CHart
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Interesting Point of interest In the USDCAD pair.
- Price above 200 day EMA.
- look for buy signals to top.
- Watch top for sell.
- expecting move to around 1.31500.
- STOCH RSI showing bearish divergence on other time frames
My Idea on USDCAD for the weekIm looking for buys but first Im specting price to reach heavy zones of rejection also keeping on mind the reversal patterns
USDCAD Break and retestThis Pair has broken out of a strong support zone with a bearish engulfing with a retest happening on the h1 where dojo candles are forming showing rejection of the zone.
Confirmations for trade:
Bearish engulfing breaking support.
Retest candles on H1
H4 and H1 MA showing bearish volume in market
NY open under support becoming resistance.
USDCAD Latest Buy Setup Valid For Next 10-15 1Hr CandlesUSDCAD has been trading in a range for quite sometime now. A breakout is imminent. Our GoTradePipsScalper Indicator has given the latest Buy setup with defined Entry and Exit Points. Please remember, this setup is only valid for net 10-15 1Hr Candles.
