Usdcadshortsetup
USDCAD - DAILY - MAJOR SHORT SETUPUsdcad - Daily - The time has come for a bearish reversal on this pair.. great R2R and setup..
USD CAD Signal? Still to go Down?My Analysis on USD CAD, H3 & H4 Timeframe, My Analysis Can be Wrong too don't consider as a signal. Wait For the confirmation and Strong entry reason for it.
I am Waiting For Pushback till resistance level and strong entry reason for shorten trade Opportunity. What About You Please tell me in comment. I Would Love to hear your suggestions....
USDCAD shortPrice broke previous HL that led to the last HH and formed a new LH and broke slightly below to form a new LL and using fib tool i estimate a .618 fib retracement for entry and a stoploss (approx. 55pips) above previous LH and a 38.2 fib extension as a take profit (approx. 120pips) ....RRR is 2.28
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*TRADE AT YOUR OWN DISCRETION*
*Author not responsible for any losses incurred*
USDCAD Short Intraday Trade OpportunityUSDCAD Short Intraday Trade Opportunity
Rejection off POC level on volume profile
Higher time frame head and shoulders
Break of previous low
Strong bearish candles
Build short positions on pullback
Take 80% at T1, trail and scale out the bal
USDCAD 15M SHORT OPPORTUNITYHey traders,
FOMC was released keeping interest rates the same. No major price movements were noted. With a strong 15min closure post FOMC I see price continuing to go down to the red trendline.
This is a simple momentum trade where we ride with the bears.
USDCAD SHORT - PRICE CONSOLIDATING IN TRIANGLE Hey traders,
As seen on the chart USDCAD is consolidating in a triangle pattern.
It attempted to break out to the upside before coming back into the current pattern.
Does this mean bulls failed, possibly.
If there is a breakout to the downside I see a good trade opportunity.
However I am already currently short from the daily charts so let's see what happens.
USDCAD BEARISH PINBAR!!Hey traders,
Here is my analysis of the USDCAD on the daily timeframe.
Previously I said that price was currently consolidating on the USDCAD.
Last Friday we had a strong close for the bears in the form of a pinbar.
This is a clear and simple signal which indicates that price is looking to move downward.
Simple price action and analysis.
USDCAD DAILY ANALYSIS - DOWN TREND CONTINUESHey traders,
As mentioned in a previous idea we had a clear sign of reversal with the tweezer top/pin bar signal at the trend line.
Today was another victory for the bears as they managed to push price down for a strong 20 pip close.
I am still bearish on the USDCAD for the next week or two unless something changes.
Weekly pinbar is still relevant and that is reinforcing the bearish momentum I expect this week.
Previous analysis:
Weekly pinbar:
USD WEEKLY ANALYSIS - BIG BEARISH PINBARHey traders,
Hope everyone is having a great weekend.
This is just my analysis on USDCAD on the weekly charts.
Last week bulls tried to push price up but failed to do so before bears took control.
We see a huge pinbar rejection off of the trendline.
Price came back up to retest it before failing to push higher.
Bears are firmly in control.
Simple price action and technical analysis.
I will look to scale in pretty heavily on shorts this week unless price action dictates otherwise.
USDCAD DAILY ANALYSIS - BEARISH PINBAR + TWEEZER TOPHey traders,
As seen on the daily charts today closed with a very bearish pinbar. The candlestick before also had a wick the same length.
Bears are coming in and we may be due for a minor retrace to the downside before uptrend continues.
Simple price action and analysis.
Risk to reward of 2.
USDCAD SHORT OPPORTUNITY - BUYING PRESSURE FADINGHey traders,
As shown on the H1 chart we can see price has reached the top of my orange trend line.
With the past 3 hour closes showing bearish wicks, and the final hour close being a bearish pinbar.
I am now short.
Risk tor reward on this trade is 3.4.
Target is the lower red line.
Simple price action and technical analysis leads to simple profits.
Daily trade analysis and ideas:
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USDCAD H1 SHORT OPPORTUNITY - DOUBLE TOP PATTERNHey traders,
THis is my analysis on the USDCAD for the H1.
We can see a double top formation on the H1 charts.
Price has broken through the neckline and retested.
The neckline is also a S/R if we look at the left of the chart.
RIsk to Reward: 2
MACD also has bearish signs on the H4 with a cross.
An engulfing candle of the 2 previous bars shows bears coming in.
Daily trade analysis and ideas:
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Twitter: forex_dojo
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Website: www.forexshinobi.com
Tiktok: @forexshinobi
ForexShinobi
USDCAD SHORT - Price At S/R Wait for ConfirmationHey traders, here is a possible short setup for the USDCAD.
If we can get a strong bearish candlestick on the H1, that will be the signal to go short.
Simple Support/Resistance Trading combined with price action.
Please wait for confirmation before entering.
Daily trade analysis and ideas:
Telegram: t.me
Facebook: www.facebook.com
Twitter: forex_dojo
Instagram: www.instagram.com
Website: www.forexshinobi.com
Tiktok: @forexshinobi
ForexShinobi
USD/CAD pullback expectedA small pullback expected from here as most of the analyst where short yesterday, but they got REKT
