SHORT ON USD/CADPrice has taken out liquidity from the highs and is now falling... uptrend structure has been broken on the lower timeframes (5 and 1min)
Price is also in a overbought state on the rsi and is now starting to fall to grab liquidity from all support areas.
Entry 1.28950
Stop loss = 1.29440 49 PIPS
Take profit = 1.27741 120 PIPS+
Usdcadshort
USDCAD - Daily Trade Idea - 15-Aug-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 - Daily Trade Idea - 12-Aug-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 H4: Bearish outlook seen, further downside below 1.2840On the H4 time frame, prices broke its previous ascending trend line where we could see further downside risks. A pullback to the resistance zone at 1.2840, in line with the support-turned-resistance area and Fibonacci confluences could see a reversal below this zone to the support zone at 1.2680. Prices are holding below the 50 EMA as well, supporting the bearish bias.
USDCAD - Daily Trade Idea - 11-Aug-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 ShortThe bearish momentum is still strong. For now, the price is consolidating after attaining a lower high according to the higher timeframes (D), and I predict a bearish breakout for this pair.
My long term target is at the lower trend line thus my entry is at 1.284 and Sl @ 1.289, slightly above the market resistance zone.
Entry - 1.284, Sl - 1.289.
Tp1 - 1.279, Tp2 - 1.274 and Tp3 - 1.269.
Remember, risk 1-2 % of the account.
USDCAD SHORTAccording to the higher timeframes (Daily, Weekly), this pair has been forming a rising flag, which is a major indicator of a bearish momentum. For the past few months, the US Dollar has an inflated price, and thus may weaken in the near future, which might make the movement of the chart move downwards. The price touched the uppermost trendline of the flag, and it has bounced significantly. The momentum looks bearish.
Entry @ 1.296
Stop loss @ 1.302
Tp 1 @ 1.290, Tp 2 @ 1.284, and Tp 3 @ 1.278.
R:R is 1 : 3 risking only 1% of the account.
USDCAD - Daily Trade Idea - 9-Aug-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.