USDCAD SHORTThe price has hit the monthly pivot and PRZ and has shown a reaction. If this correction is slow, I will enter a sell position with a loss slightly higher than HH.
Usdcadshort
USDCAD -4H Short bearish ideaThe price has formed a double top and three black crows. If the trendline is not respected, the TP would be set as indicated in the chart
USDCADSo on USDCAD, we saw a run to the upside last week. This coming week(Next week) i'd expect to see a run down of price into the F.V.G it created while running up... Which indicates that next week would be a short.
USDCAD - SOME MORE STOP LOSS HUNTINGIt seems like market-makers were not done fishing both BUYERS and SELLERS off the market. Price is now back to where the first STOP LOSS HUNTING took place. The following week will be very interesting. We are still SELLING USDCAD. Partial profits were taken at the 1.36400 zone - a zone which I expect to be broken for the second time next week.
My TPs are still:
1. 1.29800 and
2. 1.27400
REMEMBER: PATIENCE, PROPER RISK MANAGEMENT AND HIGH LEVELS OF TRADING PSYCHOLOGY PAY IN THIS BUSINESS!!
USDCAD LONG "early sellers doomed?"It's quite crazy every retail trader today is targeting USDxxx SHORTS & xxxUSD LONGS. This is because price has broken the retail trendline visible clearly on most USD PAIRS H4 Timeframes. However it is essential to understand that this is a game of Banks versus the Typical retail trader. On the Chart I posted here majority of people will be anticipating a SELL off meaning 'banks' would make a loss if we sold at current market price and price actually goes down. Hence I expect a bit of of a play around by the Banks potentially in the form of a WYCKOFF schematic to grab the liquidity at the POIs I marked on the chart where unlike most people I will be taking long positions to around 1.3800. At that zone I may go short if I see confirmation on smaller Timeframes but that might not be today. Please do check out my previous posts to understand why retail trading is a rigged game and you need a shift of mindset to win that is different from the herd mentality.
If you found this post helpful, please share, like or leave a comment conveying your opinion as well. I have tagged my latest other posts below this idea. Happy trading.
USDCAD / possible sell off idea (right shoulder)Looking at catching a sell off on USDCAD, long term bullish but to continue this way we need to see a breather (correction). Can be very risky going against the overall trend but if we can manage to catch the move we can see huge potential for profit, again I will be aggress with stop loss and adjusting once in profit.
USDCAD - 1.36400 ZONE BREAK SUCCESSFULThe 1.36400 zone has been broken successfully just as I said it would. Price is now going through a retracement. I still have some positions running. Partial profits have been taken yesterday. However, I'm loading some more!! The bearish move is still in progress. USDCAD is currently very BEARISH and I'm raking in all the profits as it falls.
REMEMBER: PATIENCE, PROPER RISK MANAGEMENT AND HIGH LEVELS OF PSYCHOLOGY PAY IN THIS BUSINESS.
Happy trading!!
Thu 29th September 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 - 29-Sep-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, TP 2 , TP 3 and EXIT (SL) 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 and only enter if we have the final confirmation for entry.
USDCAD AND THE BEARSYo family this is USDCAD, we expect the price to start pushing downward
WILL PRICE OBEY OUR SETUP??
KINDLY WATCH THE VIDEO TILL THE FOR A BETTER UNDERSTANDING AND PROFITABILITY
Kindly watch the video till the end and comment your thoughts below👇👇
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USDCADHi traders, USDCAD is setting up for a breakout watch breakout and look for short term downside move only if breakout GOOD LUCK.
SHORT ON USD/CADPrice has broken support of a rising channel and the dxy is very weak.
I will be shorting this pair as market structure is picture perfect and the previous swing low has been broken.
here is the play i will be taking on this trade:
Entry - 1.36561
SL: $ 1.37106 54 PIPS
PT: $ 1.34731 183 PIPS
USDCAD - STOP LOSS HUNTINGMarket-markers have now completed their cruel intentions. They have successfully fished out all the BUYERS off the market. Now they are actively dropping the price just as I have anticipated. I have placed sell orders at 1.37700. The trades are now in DEEP PROFITS!!!
The 1.36400 zone is currently getting tested. It will be broken very soon. Massive dropping will continue once this zone is broken. It's time to take partial profits and load more position upon the 1.36400 zone break.
My 1st TP is still 1.29800; 2nd TP 1.27400.
We profit in this business by always watching what MARKET-MAKERS are doing. If you can figure out their intentions you will be EXTREMELY PROFITABLE!!! Market-makers will do TWO THINGS in the market:
1. Push the price up with the intention to SELL (BUY TRAP)
2. Drop the price with the intention to BUY (SELL TRAP)
These are the two things they do all the time in the markets!
PAY ATTENTION TO WHERE YOU PLACE YOUR STOP LOSS ORDERS!!! THEY ARE ALWAYS GETTING HUNTED!!
REMEMBER: PATIENCE, PROPER RISK MANAGEMENT AND HIGH LEVEL OF PSYCHOLOGY PAY IN THIS BUSINESS!
USDCAD I've entered a short 🔻USDCAD short trade has alerted.
Reversal trade identified and entered.
Working the 30M timeframe.
Trade details can be found on the chart in the red label.
Trade box is tracking the trade.
Has USD strength ran out of steam on this pair?
Who knows be it a change in the trend or a slight retrace I have a 77 pip target for my TP to be met.
We'll see where it ends up.
Want to know how I identified this trade you know what to do.
Thanks for looking
Darren🙌
USDCAD & DXYYo family this is USDCAD
Will USDCAD respect our setup ??
Kindly watch the video for a better understanding and how to capitalize on the market
Kindly watch the video till the end and comment your thoughts below👇👇
like, share, and follow for more content🙏
2609 Euro-NY SESSION UADCAD down to test suppport on 1h chartHello traders,
USDCAD is making a bearish top after EURO session begin.
It is possible for this 1h trend down to test support with possible 80 pips -100 pips profit.
GOOD LUCK ON THIS TRADE.
LESS IS MORE!
USDCAD SELLA fundamental Buy - Smart Money such as Barclays & ING heavily Short (Target NMI) - Forex & US Inflation reached alltime-highs, no End in sight - Waiting for Volume / Structure Break for a Short-term Sell. No Break - No Entry!
USDCAD | NEAR RESISTANCEUSDCAD | NEAR RESISTANCE
USDCAD has been in a bullish trend by printing higher highs and higher lows.
Currently, the price is trading near resistance which is forming a double top as well.
A break of rising support will confirm the bearish trend.
Trade your levels accordingly.
TECHNICAL IDEA ON USDCADIn my little analysis I think USDCAD has been on a bullish rectangle from at least june, last year and through april this year as well. And it broke out of the rectangular pattern, with an ascending triangle. From which it has broken out this week to hit the long-term resistance zone of almost 7yrs ago. So even if it will continue to rise, I believe price is will come back to test the 2yr low {1.3000s} after hitting {1.3600s}. and if I want to jump on this pair, I will go short once I spot my entry trigger/s on that area of value. My Possible targets would be {1.3200s and 1.2900s}.
TECHNICAL IDEA ON USDCADIn my little analysis I think USDCAD has been on a bullish rectangle from at least june, last year and through april this year as well. And it broke out of the rectangular pattern, with an ascending triangle. From which it has broken out this week to hit the long-term resistance zone of almost 7yrs ago. So even if it will continue to rise, I believe price is will come back to test the 2yr low {1.3000s} after hitting {1.3600s}. and if I want to jump on this pair, I will go short once I spot my entry trigger/s on that area of value. My Possible targets would be {1.3200s and 1.2900s}.
2209 USDCAD 4H chance for a correctionHello traders,
There is a good chance to sell USDCAD for a correction on 4H chart in this Eruo session.
Take your chance !
GOOD LUCK!
LESS IS MORE!
USDCAD 2020 Supply ZoneUsdcad
12h chart. These markups are a 4h demand zones. Price now currently testing the 4h zone for the second time.
might be work a look. This is a 2020 supply zone
USD/CAD Short...USD/CAD Sell... This is not signal... Dont risk more than 3% of your account on any trade...
