USDCAD LONGAs USDCAD, approaches the demand zone, and started to show its impact on the price, while started making higher highs in Lower Time Frame, is the indication that the market has started to reverse its downwards trend and is now moving towards shifting it to the High side. Therefore, it is recommended to go long from here. Based on my strategy. Please keep appropriate Stop loss and track that accordingly. Happy Trading.
Usdcadtrade
USDCAD - AnalysisUSDCAD
MN - ABC structure is visible, from which growth can continue to the level of 1.46678
W1 - The price has broken through the level of 1.36627, now we can expect a correction to 1.33952
After this level, both a downward movement and continued growth may develop.
What can you expect now?
Correction to 1.33952, then a clear formation will appear.
Continued decline may reach 1.27837
With growth it may reach 1.43437
Long
Targets 1.36627 - 1.40189 - 1.43437
Long-term perspective – goals 1.40189 - 1.43437 - 1.46678
Short
Targets 1.33952 - 1.30918 - 1.27837
Medium term - goals 1.30918 - 1.27837 - 1.24507
USD CAD SHORTRisk 0.5%
TP1 = 1:2 RR
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USDCAD Analysis 30July2023The possibility of a significant movement in the next few days for this pair. If you look a week ago this pair is more likely to accumulate with a structure like sideways. I am still sure that there is an opportunity to be limited to the SND D1 area below before this pair returns to bullish.
USDCAD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD 8June2023there is a change in the elliot notation on this pair. if you look at the pattern that has occurred, then a complex correction has occurred and may enter the final period. I am more inclined to buy. looking at the existing history, the price always responds positively to the trend line, so the big possibility is bullish. bullish analysis can fail when the price drops deeper than the invalid area.
USDCAD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD 28May2023in the last week USDCAD did not experience an extreme price jump, the price range is still in the low range. still in accordance with the previous analysis, this pair still looks bullish with new invalid area updates. as long as the price doesn't fall more than the invalid area, the elliot wave notation is still in accordance with the old update.