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Usdcadsetup

USDCAD H1 SHORT OPPORTUNITY - BEARISH DOUBLE BARHey traders, As seen on the H1 charts we see that price has reached the upper green line that I have drawn. Price looks to be in this channel / flag pattern. Price immediately reversed and formed a bearish double bar. THe risk to reward on this trade is 1.65. We caught a nice 3.4 risk to reward trade yesterday night on the USDCAD. Let's see if we can catch another nice short today. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com Tiktok: @forexshinobi ForexShinobi.
Short
by FXShinobi
USDCAD SHORT OPPORTUNITY - BUYING PRESSURE FADINGHey traders, As shown on the H1 chart we can see price has reached the top of my orange trend line. With the past 3 hour closes showing bearish wicks, and the final hour close being a bearish pinbar. I am now short. Risk tor reward on this trade is 3.4. Target is the lower red line. Simple price action and technical analysis leads to simple profits. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com Tiktok: @forexshinobi ForexShinobi.
by FXShinobi
USDCAD SHORT - Price At S/R Wait for ConfirmationHey traders, here is a possible short setup for the USDCAD. If we can get a strong bearish candlestick on the H1, that will be the signal to go short. Simple Support/Resistance Trading combined with price action. Please wait for confirmation before entering. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com Tiktok: @forexshinobi ForexShinobi
Short
by FXShinobi
USDCAD LONG OPPORTUNITY FALLING WEDGE - PINBAR BREAKOUTHey traders, here is my analysis of the USDCAD on the H1 charts currently. Price has been forming a falling wedge pattern for the past couple of weeks. It seems like price is trying to break out of the falling wedge, with a strong pinbar close on high volume. Let's see if the bulls can take control here! Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com Tiktok: @forexshinobi ForexShinobi
Long
by FXShinobi
USDCAD SHORT OPPORTUNITY - DESCENDING TRIANGLE BREAKOUT??This is an update to the trade I posted yesterday which I am currently up +15 pips. Price seems like its forming a descending triangle pattern, with a very bearish close on the H4 at 1pm Eastern. If you did not enter the trade yesterday, please look at the analysis today for a great entry. Wait for breakout and retest to enter! My initial weekly analysis determined that a potential big down move for the USDCAD was primed for this week. It looks like it's playing out currently. Trade Analysis: Risk to reward: 3+ Technical Analysis: Descending Triangle Pattern Candlestick: Bearish candlestick with long wick and strong close Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com ForexShinobi
Short
by FXShinobi
USDCAD SHORT OPPORTUNITY - WILL THE DOWN MOVE CONTINUE?Price has tested the orange trendline before reversing quickly. With the higher time frames - weekly and daily being bearish, sellers are still in control. On the lower timeframe on the M5 there was a double top pattern a couple hours ago which I entered on. However it is still not too late to enter on this trade for a nice short. Risk to reward of 2.5. Not every single trade has to be a winner to make money. I had a loss yesterday on GBPUSD, so if this trade doesn't work out I'm done for the week. MAX 2 losses per week. Let's get these pips! TARGET IS THE BLUE LINE. But I'll keep you guys posted depending on what happens. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com ForexShinobi
Short
by FXShinobi
USDCAD WEEKLY ANALYSIS - USDCAD PRIMED FOR BIG DOWN MOVE?Hey everyone welcome to this week's forecast for the USDCAD. As seen on the chart price has managed to close BELOW the Engulfing Bar that occured the week of Sept 2nd. Bulls tried to push price back up but could not close above the high of the Engulfing Bar. I see this as a signal that Bears are in control in the medium term. After a sea of green candles within the past couple of months, we finally have 2 consecutive red candles on the weekly timeframe. Bears closed strongly each time. USDCAD could be primed for a very big down move especially with the FOMC interest rate decision and the Bank of Canada interest rate decision coming before month end. October could be a very big mover for the USDCAD, right now my bias is SHORT on the weekly timeframe. But if you guys have been following me you know I will give you guys potential intraday trades during the week, these trades may be long or short stay tuned! Please comment, like, and follow if you like my ideas. I continue to try to improve every single day and appreciate any sort of feedback and discussion. Thanks for all the love and support. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: Jaylen.Forex Website: www.forexshinobi.com ForexShinobi
Short
by FXShinobi
USDCAD short term: buyThe last time the pair fell to area 1.130xx area was back in 31 Jul 2019, where it was rejected. Projecting the same outcome, we have aligned a fib retracement to that price level and suggest taking short term long positions on the the upside swing. The CCI is oversold on the daily chart, which implies that a correction is in order soon. We suggest swinging up towards the 1.316xx area for pragmatic traders, and up to 1.322xx area for the more adventurous ones. Skrrt Skrrt Esketit.
Long
by TrollTrading