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Usdcadshortsetup

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
Trading Pathways Analysis of USDCAD H4 Chart The outlined white arrow pathway is the predicted pathway that the USDCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where USDCAD will turn. PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK. Eiseprod of Trading Pathways
Short
by Trading-Swing-Pathways
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:
Short
by FXShinobi
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.
Short
by FXShinobi
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: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com Tiktok: @forexshinobi ForexShinobi.
by FXShinobi
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: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com Tiktok: @forexshinobi ForexShinobi
Short
by FXShinobi
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
Short
by FXShinobi