Selling $USDCAD hereTrade type BB
Reasons for taking this trade:
- 30 mins candlestick might close with an engulfing bearish candlestick.
- Price has hit a fresh zone.
- Price has mitigated 1.35600 liquidity pool after that it created the fresh supply zone and now the fresh zone has been mitigated hence even further confirming our sell setup.
Usdcadshort
USDCAD (incl. all major CAD pairs) - Short; (very) Bearish!As a dyed-in-the-wool USD bull,(as of late) I've been fighting the urge to load up on the Loonie. - But I'm weak, so I fold. I also can't overlook the mounting evidence.
All the planets are on their way for a (almost) perfect alignment for the Loonie;
- It's been way oversold since the second half of 2022 (because of the rate hike pause by the BoC);
- It is nearly impossible to make a case for anything other than one of (if not the") shallowest upcoming recession in the Western Hemisphere;
- Their NATO role is "limited" - to put it mildly - and if anything that far away money pit (Ukraine) is filled by EUR & USD mostly, the least of all CAD; (If anything, the war may wake up Canada to at least start questioning their NATO membership role, all together - as it is even more pointless than it's ever been. (Who, and How, exactly is going to invade Canada?? ...)
- Energy will continue to play a central role in world affairs;
- It's a big place with few people, who have lots of stuff - including an idiotic central leadership, like Norway; (In politics, "The Greens" are like a watermelon; Green on the outside but red on the inside.)
E.g.,
Long everything CAD, Short all else - for the foreseeable future.
USDCAD 3H: 21/02/2023: Short opportunity
Daily TA:
Well, you can see all the information on the chart.
If you have questions feel free to ask.
💥💥💥Important note: At first I should mention that it's not investment advice then as you know, today's CPI for Canada will be published so it's a high-risk trade, and as always we need a low time frame confirmation. Last but not least, if you look at daily TA you can see price can move higher and then fall. So be aware!💥💥💥
USDCAD - Strong DownTrend - TP 1.32650 (H4) - RSI - Weekly.M1-W1 - Strong DownTrend
H4
Order 1 : Current
Order 2 : 1.33672
Order 3 : 1.33934
TP1 : 1.32650
- DownTrend.
Pending Order : 1.330 (To get confirmation : If Candle moves down the Blue Line below.
TP : 1.3106
- Strong DownTrend (RSD Down)
TP1 : 1.32650
TP2 : 1.3106
USDCAD - Expect bearish price action ✅Hello traders!
‼️ This is my perspective on USDCAD.
Here I am looking for shorts as price took out buy stop liquidity and filled the imbalance higher. I see price to continue bearish price action for the next days.
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USDCAD - Daily Trade Idea - 13-Feb-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.
Bearish outlook on USDCAD - 8 February 2023Prices have broken below a key support zone at 1.3380 on the H1 timeframe. A pullback to this level, which is in line with the 50% FIbonacci retracement, could provide the bearish acceleration to the next support zone at 1.3320, which coincides with the 78.6% Fibonacci retracement. Prices are lying below the Ichimoku Cloud as well, supporting our bearish bias.
USDCAD - Daily Trade Idea - 8-Feb-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.
Usdcad sellusd cad sell
opportunity reason these are :
1. valid trendline
2. break of structure (BOS)
3. take liquidity callded ( ind)
4. nice risk reward
5. trend is down
share this post at behalf at my experience .. well if my post helpfull for ur trading plx support with ur like .. and if anykind of question about this analysis .. plz comment thanks
USDCAD - WAITING FOR CONFIRMATION!Waiting for confirmation to short USDCAD at 1.33965 back down to swing lows at 1.32793 or if we see a break of the level, I will wait for a retest of 1.33965 to long USDCAD back to swing highs at 1.35118.
If you agree drop a like and if you have any questions leave a comment :)
USDCAD - Short from bearish orderblock ✅Hello traders!
‼️ This is my perspective on USDCAD.
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish orderblock + institutional big figure 1.34000.
‼️Attention!!! Due to the fact that we have a news on USD tomorrow, the analysis can be invalidated.
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