$USDCAD Sell setupWe are at a critical level.
I see there might be equal highs that might be taken out but its not guarenteed.
I am taking this opportunity to take shorts in USDxxx Pairs until CPI News tomorrow
Usdcadshort
USDCAD | Powell Speech Today | SHORT IT Right NowPowell is going live in 15 minutes and He's Gonna Say " We've been working hard to reduce Interest Rates.... Stuff Like that"
But everyone knows what the market is doing over the last few months.
Short it, Set the TP, SL at 50 PIPS.
That's it
AW USDCAD Short Trade - Target is the .618 level...A good entry point for this short trade from current levels with a stop at 1.36671.
We are targeting the larger degree .618 retracement at: 1.17943.
This would give us a ratio of 5:1.
We had confirmation at 1.34715 but it's not too late to get in.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
USDCADHello Traders,
on daily timeframe FX:USDCAD can reach precedent weekly lows ( 1.344 ) and drop from there to reach the 1.30 levels.
For the short position we need to monitor this level and a 4H + confirmation rejection we can entry targeting 1.30 for a good weekly swing.
Thanks for your daily support and comment with your charts!
Illyrian Finance
Short on USDCADHello Traders, as you can see in this smc analysis the price also broke the hma 209, it made a pullback on it and got rejected with a long legged doji candle at the point of interest zone.
We have USDCAD H1 Forecast.With this analysis, you will be able to find your most profitable trade. EnclaveFX does not recommend that you buy or sell this assist. We do not take any responsibility for your profits & losses. EnclaveFX believes in enhancing the knowledge of our clients & followers.
USDCAD - Daily Trade Idea - 9-Jan-23USDCAD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
USCCAD, H4 sell signalThe price has broken the lower limit of the drawn channel.
I expect further declines on this pair.
TP around 1.333
GG
P.S.
This is not financial advice of course, just my idea.
USDCAD: Elliot wave correction wave 1hrConsidering that it is bullish in the daily time, it is expected that the abc correction wave will end. The goals of the wave are clear and then we will witness the rise of this currency pair.
💡 USD/CAD Potential Short opportunityA potential short setup for this pair with good RR. A clear break of the intermediate trend, this will take a few more hours to play out. Need to see a double top or this setup is void.
USDCAD 1:4 plus TRADE in SHORT! explained With Curve Analysis.
We have a Weeky Source Supply and a 6 Months Destination Demand forming the Demand and Supply Equilibrium Curve,
Currently Price is in the area which is High on the Curve hence the risk: reward ratio is very favourable in the trend direction.
The Daily Supply is a potential trade in sell, risk is defined and reward is set, for analysis on a specific script plz leave ur precious comments,
Enjoy Money Making !!!
Bears taking over the USDCADThis is the view of the 4hr time-frame chart, although there are more information to consider from the bigger time-frames, we can see a clean break of structure to the preceding uptrend. the previous low has been broken indicating a possible reversal to the downside. I have marked out my sellzone of which I pray the market pulls back to and then I enter in for a sell trade to the to the last major support zone.
NOTE: Manage risk when entering this position, it provides good risk to reward ratio for big returns on small risk.
AW USDCAD Analysis - Shorting Opportunity Presenting Itself...Furthermore, to yesterday's analysis for USD\CAD, I have had a closer inspection of the waves and can see a shorting opportunity.
In a nutshell the levels are as follows although stops can be moved once we break the confirmation level.
Confirmation of this move lower comes when we break the 1.3485 level.
Stop: 1.36849
Target: 1.18000
Yesterday's video linked below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Short Term $USDCAD Tradetrade has hit 1 HR zone.
expecting a bullish candle that will close below 1.35445 price then the price will revert down.
stoploss is bit higher due to spread.
Does the pair close the year with Bear's domination?# 1.35375 has been working as a level of resistance
# The sellers may go short below 1.34850
USDCAD made a good bearish move in the H4 chart. The pair had a bounce at 1.34850 and made a bullish correction. The pair has been traded around the level of 1.35375. The H4 chart shows that the price reacted at this level several times. Thus, the sellers may keep their eyes in the pair to go short if the level produces a bearish reversal candle. The sellers may go short below the level of 1.34850. The price may find its next support around 1.34000.
On the other hand, if the price goes above 1.35375, the buyers may push the price towards the North as far as intraday minor charts are concerned. It means the pair may extend its bullish correction. It may end up making the H4 chart choppy for a while.
Considering the scenario, it seems that the Bear has an upper hand here. Let us wait and watch how the pair finishes the year.
USDCAD Snipe SetupThe market's price action algorithm has given us a potential short opportunity. I am looking at a low risk sell limit order at this level based on the pricing that has been accepted in these areas.
Please note that this setup is not guaranteed as nothing in the market is.
Pay attention to price action as it develops. This limit may or may not activate today, if it runs halfway to target, I will leave it alone.
Happy trading, never risk more than you can afford to lose in the market.
USDCAd ThesisThis is how i'm currently looking at the usdcad pair. Market broke trendline after failing to brake resistance and make new high. I'm now waiting for a bearish set up as confirmation to go short.
USDCAD ANALYSISUSDCAD brakes important support zone at 1.35309-1.35187.
More analysis can be seen on chart.
HAPPY TRADING FOLKS!
USDCAD AnalysisUSDCAD is bullish in Daily timeframe,
and i want to look more specific into medium timeframe ( 1-4h), and i see the structure is bearish
i draw red horizontal line for the TP area because the redline is the daily structure
and we can see double top on lower high, so you can short when the price breakout the neckline or you can wait for retest
goodluck
Usd/Cad May go short { Pitchfork} (3rd December 2020)Disclaimer:- Educational Analysis says Usd Cad may go Short according to my technicals.
This is not an entry signal. I have no concern with your profit and loss from this analysis.
Why Short?
Because the 4 hr trendline(backline) is been respected twice.
For Additional Confirmation on this trade. you may go for 15 min tf and pitchfork tool may help you to this analysis in more disciplined way.
USDCAD in the BoxThe USDCAD is moving in zig zag and running sideway in the box. Wait for the breakout of the box then take an entry to that direction. I think it will fall that's why I set it in short.
USDCAD - Consolidation phase ✅Hello traders!
‼️ This is my analysis on USDCAD.
Here we can see the AMD pattern, as price now accumulates and I expect it to manipulate buy stop liquidity and then to distribute lower to fill that imbalance.
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