Usdcadshortsetup
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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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:
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USD/CAD pullback expectedA small pullback expected from here as most of the analyst where short yesterday, but they got REKT
START OF THE WEEK (26 Aug - 30 Aug 2019) GUIDE | USDCADSee chart for illustration
This is a follow up from earlier publication on subject pair (see link below)
May be Tripple TOP on USDCADIt looks like tripple TOP on USDCAD and potential downtrend movement if setup is correct and strong.
USDCAD LONG TERM SPECULATION | SHORT!It appears price is gaining momentum in anticipation of a rally to the downside from 1.33500 zone since it has found it difficult to break this area in the last 2 weeks.
Considering the present volatility in the USD currency, patience is pertinent as the price could break the 1.33500 zone up into the 1.5500 zone before the rally down.
However, price action monitoring is decisive here.
Lower time frame speculation coming up soon
USDCAD(DAILY) | DOWNTREND POSSIBILITIES FEASIBLE!This is a follow up on earlier publications (see link below)
Update on this pair coming up as we watch the present characteristics of price action around the 1.32200 zone
USDCAD H&S (Right Shoulder)Price tests the support zone and looks like it's going to form a pin bar. If price does remain above support, it would confirm my prediction that price will form a H&S pattern.
On the 1H chart, we can see the H&S more clearly the previous test showed a bullish engulfing candle and on the current test of support we see another candlestick pattern on the support:
The exchange rate on the the daily chart also shows no signs of making a new high:
USDCAD SHORT FOR 140 PIPS (IF...)If price gets to the D completion of the bat pattern & the 1.33150 zone, I will short for 140 pips
there are 4 major confluences from that level, can u spot themI
USDCAD, pullback to cloudD1
-->> resistance spotted
-->> pullback to cloud
--->> expect huge downward movement if it fail to break the cloud
USDCAD, pullback to cloudD1
-->> resistance spotted
-->> pullback to cloud
-->> expect huge downward movement if it fail to break the cloud
USDCAD reversed from resistance, potential drop!
USDCAD reversed off its resistance at 1.32387 where it could potentially drop further to 1.31544.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD approaching resistance, look out for potential reversal!
USDCAD is approaching its resistance at 1.31554 where it is could reverse down to its support at 1.31114.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD short intraday trade setupUSDCAD short intraday trade setup.. head and shoulders, descending triangle along with CAD strength giving me enough to take a short here.
USDCAD reversed from resistance, potential drop!USDCAD reversed off its resistance at 1.32603 where it could potentially drop further to 1.31111.
Disclaimer:
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCAD Pottential sell !!previously that purple box was our support line, this pair broke the support line and now purple box area is our resistant line, week ahead we may see more down trend. Trade with correct risk management... our goal is to become profitable trader. Do all the possible analysis before you place any trade and its about finding the best entry point. Good luck traders !!
