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Usdcadshortsetup

UsdCad Descending Triangle - Short Setup- UsdCad on the daily chart formed a Descending triangle which is a bearish triangle pattern - Price broke support at 1.38597 and currently hitting trendline and still heading for 200MA - The break out was missed, i am currently waiting for the daily candle to close before entering a sell - will look for a sell entry on the hourly chart with a SL just ablove the broken support line - target area - 1.36694.....a possible target area 1.34209 but once price breaks the 200MA if not then the 1st target is approx 150 pips ======================================================================================================================== Disclaimer: The Trade setups are based on my analyses and ideas and they are not signals or trading advice. Do your own analysis before you enter any trade based on my shared analyses. Trades are entered once criteria is met....Remember trading is risky and we can't force the market in any direction..#ExercisePatience ========================================================================================================================
by Loviss
USDCAD Short- Trendline Retest and 61.8% Fibonacci RetracementI am already Short on USDCAD, whereby my Entry is at 1.3927 and my Stop Loss in in Profit; I have been in this position for 2 weeks now. Because the Price Action has been incredibly slow and choppy for a long period it's eventually started to move, i then identified an additional Entry Point on a Counter Trendline retest (Descending Trendline) that perfectly aligns with the 61.8% Fibonacci Retracement. I see if this move does occur it will be early next week and then foreshadowing further Downside Movement.
Short
by Kaidk
2
USDCAD SHORTHello guys in this video i show why i see a short in cad fro the next few days and a long term long bias. My bias shaped by the fact that i see along in oil and since oi and cad are correlated i see short term weakness in usd and strength in cad. I see weakness in usd since the Dow has been weakening showing that investors are putting their money in safe havens and away from usd stocks especially with elections nearing. Although i am careful since i know we have an upcoming fomc meeting on Wednesday meaning they will likely be bullish of their economy especially with the impressive fundamental data that has been coming out of the usa. So meaning i see a short until fomc, the short will also offer many investors good risk reward when it comes to fomc which is likely going to be bullish for the fomc
by collinsweball