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Usdcadsignal

USDCAD | Good Buy Opportunity. Get in!When it comes to the technical analysis of USDCAD, you might get an impulse to the upside. Based on my technical analysis , there aren't many supports till the Target 1. So you may use this as a buy opportunity. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area; which used to be a support area . And also don't forget to place the stop just below the entry area. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. If you find this technical analysis useful, please like & share our ideas with the community. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by maxprofwizard
USDCAD |New perspectiveCOnsidering the significant bearish impulse leg identified on the daily time frame, it is evident that the bullish momentum that has been happening since the beginning of the month might turn out to be a retracement of the impulse leg hereby sending out a signal that price action might be heading to the downside in the nearest future. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
USDCAD SHORTS 📉📉📉Expecting bearish price action on USDCAD as price rejectes a bearish orderblock H4 area filling on it's way the bearish imbalance. We are in a bearish market structure from a HTF(higher time frame) premise and we should go lower from there, another bearish confluence is that price made the shift in strucutre from bullish into bearish (bos - break of structure area) price moved below the last low and retraced lower then the last high. What do you think ? Comment below..
Short
by AnonimFXRO
USDCAD | Still Uptrend | Might get a Retracement.When it comes to the technical analysis of USDCAD, it is still in uptrend and likely to get at least 250 Pips to the upside. However, based on the current scenario, there is a good chance price might try to get a pull back before it move to the upside; which could be approximately 150 pips and it is a good short opportunity as well. But I don't recommend you to trade against the trend. If you are planning to go short, better place the stop above the R1. And also, if price breaks the below demand area don't go long. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. If you find this technical analysis useful, please like & share our ideas with the community. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by Maxproftrade
1
USDCAD might fall all the way down to 1.23!Hello traders, I just spotted a high probability setup on USDCAD. The pair was in a HTF triangle and this triangle was broken to the bottom. We saw price rising back and retested the broken diagonal support and we see price falling very rapidly. 1.266 is also a a confluence of the broken rising trendline and the horizontal level. Bulls will have difficulty taking price higher beyond these levels. We will be considering shorting the pair. Please support this idea with likes if you find it beneficial. I'll be glad.
Short
by Forexintelligence_NA
1