Usdcadshort
USDCADHi traders, i am looking it the USDCAD chart if price go back our mentioned pattern completion area then i will be looking price action again for a short position opportunity, if price drop from the current area and break 1.37184 level without hiting our mentioned entry level then this setup will be invalidate.
If you are taking this trade so please i request you trade with your according strategy do not depend on my analysis, this analysis is just a scenario and i would love to be wrong GOOD LUCK.
USDCADHi traders, i am currently in short position, i am expecting from price to continue and go hit our bottom mentioned area but if price go back and hit our upper mentioned area then i will be looking price action on the top for the next short position opportunity.
Trade with your according strategy do not depend on my analysis, this analysis is just a scenario and i would love to be wrong GOOD LUCK.
USDCAD H1: Bearish outlook seen, further downside below 1.38200On the H1 time frame, we are seeing bearish market structure formed with prices approaching the resistance zone at 1.38200, in line with the 78.6% Fibonacci retracement and 100% Fibonacci extension levels. A pullback to the 1.38200 resistance zone presents an opportunity to play the drop to the support target at 1.36800. This support zone lines up with the 61.8% Fibonacci retracement and is a zone that prices interacted with multiple times. Stochastic is approaching resistance at 96.35 as well where we could see a reversal below this level, in line with prices.
U.S. DOLLAR / SWISS FRANC Trading Idea Hello traders good day ahead
In his bullish Flag price is moving around 0.99800 at supports levels
major resistance level at 1.00700 is pushing price low
if it break the bearish trendline then it would the the fowling supports levels
1st support 0.99200
2nd Support 0.98200
USDCAD - Daily Trade Idea - 19-Oct-22USDCAD (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.
SHORT ON USD/CADThe dollar is currently in a downtrend and has formed a double top on the lower time frames,
The Usd/cad has also created a double top on the lower timeframe. I expect the dollar to continue falling throughout the rest of the day.
here is the play I will be takin:
Entry: 1.37488
SL: 1.37842
TP: 1.36589
USDCAD eyeing the shorts from 1.38 still!Still waiting for price to provide the best entry on this possible sell off move I'm looking out for on USDCAD. Never forget the overall direction and trading against that can be risky and tricky but can pay off if you play it smart! Good luck everyone
USDCADHi traders, USDCAD is setting up for a downside move watch sharp breakdown to the downside and look for a short. If price did not give us a sharp breakdown then watch price to come around our upper mentioned area and look on the top for a short position opportunity GOOD LUCK.
Tue 18th October 2022 USD/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a USD/CAD Sell. Enjoy the day all. Cheers. Jim
USDCAD - Daily Trade Idea - 18-Oct-22USDCAD (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 17/10/22 To 20/10/22Wagwan G, I believe we have some downside coming. I've got my eyes on a zone where if price fails it once more ill be opening a short for potentially a big move to the downside.
USDCAD - Daily Trade Idea - 14-Oct-22USDCAD (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 H4 Bears on the moveI think the price needs to make an additional wave in favour of CAD before the US dollar starts raging again. This projection falls inside the monthly candle.
usd/cad sell setting up?here's what i'm thinking when it comes to usdcad lets see what happens here! this is educational purposes and demo only
Looking To SELL USDCAD Around 1.40 or Above...USDCAD is fast approaching the 1.40 level which is the start of a huge Monthly SUPPLY/SELL zone that is around 700 pips in range so to find a good R/R trade we need to zoom into the weekly charts to see if there is any areas there for possible setups.
As you can see marked on the charts there is a nice Weekly SUPPLY/SELL zone starting at 1.40 this is where price actually broke down heavy from in 2020 it's also a tight zone so will provide an excellent R/R trade if the correct signal happens here.
I will be looking for a signal on my FX Reversal King indicator on approach to 1.40 on timeframes from the 6hr to Daily, the first easy target if this trade triggers is the last high in the previous trend that was just taken out at 1.34 it can drop a little lower to 1.32 .
Short USDCADWhat I think about this pair...my confirmation of sell will be the bear flag as a continuation pattern to say that Traders are committing to the sell
USD/CAD :: Below the trend line .USD/CAD :::
The trend line (yellow line) has just been broken, which means that the continuation of the path will be below this line, but it is still possible to return to this line, and after that the fall is confirmed.
USDCAD ShortShort opportunity to daily target of 1.32237. A recent bullish BoS on the daily chart is typically followed by a retracement. Having identified the turning point on the 4h (M formation/Double Top), I'm looking to short at the 50% level of the last up move of the M formation.
USDCAD - More STOP LOSS HUNTING More STOP LOSS HUNTING is currently still happening. Price has been take to the 1.38500 zone for the 3rd time. This has given us a perfect RISING WEDGE PATTERN - a BEARISH SIGNAL. The 1.38500 zone is where market-makers are taking out STOP LOSSES. Their real intention is to SELL.However, that won't be made obvious.
We have jumped back in with SELL ORDERS. We aim for the 1.36400 zone to be broken again so that price can continue dropping to my anticipated TP at 1.30000. This is a long-term play.
REMEMBER: PATIENCE, PROPER RISK MANAGEMENT AND HIGH LEVELS OF TRADING PSYCHOLOGY PAY IN THIS BUSINESS.
USD/CAD SELLMost Bullish Targets been hit - Last Orders @ 1.4000 - PPI significantly lower than expected, FOMC tomorrow - 300m @ 1.35 - Targets @ 1.35 - Wait for Structure Breaks & Volume, Bulls not out yet - Max RR 1:4
USDCAD Short off Monthly toward 1.29250USDCAD meets its first monthly resistance test at 1.37900 since breaking through around a staggering two years ago (9 March 2020). Although the following weekly resistance at 1.46294 gave way for USDCAD to dip back below its first breakout of 1.37900 halting any further upswings.
My only concern is a scenario where price gains enough bullish strength and yet again pops off from 1.37900 for a tap all the way into the following weekly resistance at 1.46294 .
Considering a bearish pin bar has already formed on the weekly chart and consolidation ahead on the Daily, the latter idea of a bounce lower from 1.37900 toward 1.29250 is more plausible.
Update trades as these are pending orders.
USDCAD: is a Wyckoff distribution schematic on?Hi Traders,
This is my view for this week on USDCAD:
I'll be long on a Intraday perspective. I'll wait for the price to reach 1.36 area. After that let's see what will happen but, probably, 1.40 will be a key area for a reversal.
I remind you that this is only a forecast based on what current data are.
I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view.
Pit
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
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