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Usdcadweekly

USD/CAD "The Loonie" Forex Market Heist Plan on Bullish SideHola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist USD/CAD "The Loonie" Forex Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback. Stop Loss 🛑 : Recent Swing Low using 2H timeframe Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. 💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Long
by Thief_Trader
USDCAD → Bottom of Trading Range! Looking for Long Entry.USDCAD is at the bottom of a trading range and near the Weekly 200EMA which acted as good support in the last bull trend opportunity from July to October. Now that we're here, should we long? How do we trade this? 🤔 We almost have enough price action to justify a long entry. Longing now would be maximally risky because we don't have a good buy signal bar yet. You could enter now with the understanding that every time we've hit these levels since September 23, a long as been profitable. I prefer more confirmation and thus, more probability before entering a trade. I think we need at least a good strong buy signal closing in the 131.300 - 131.600 range. With this signal, we can enter a trade a 1:2 Risk/Reward Ratio to the top of the trend. Wait for a couple more Daily candles to show such support before longing. Until then, lets be patient on the sidelines! 💡 Trade Ideas 💡 Long Entry: 132.665 🟥 Stop Loss: 130.000 ✅ Take Profit: 138.000 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Trading Range after Bullish Price Action, Bias to Long. 2. Near Trading Range Support and Weekly 200EMA, Look for Entry. 3. Look for Test of Support before Entering a Trade. 4. Target 1:2 Risk/Reward, Stop Loss below 200EMA, Take Profit at Top of Range. 5. RSI at 39.00 and below Moving Average. Needs to Fall More before Long. 💰 Trading Tip 💰 Trends typically have three legs in either direction. Signals of a reversal include strong buy or sell bars with large wicks, higher highs and lower lows get weaker, and responses to the reverse direction get stronger. Confirmation lies with double and triple bottoms with a strong candle closing on or near its low/high. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
USD/CAD Weekly Analysis - Bull Breakout to 1.40!USD/CAD has finally broken out of the bear channel/bull flag and closed near its high on the Weekly chart. Current price is at 1.38750 with a nice gap to fill at the bear channel high of 1.40000. This is an ideal Daily or Weekly scalp, placing your stop below the channel top of 1.37000 or the Weekly 9EMA. That creates a Risk/Reward Ratio of 2:1, which means your position size needs to be sized for your maximum loss for your account size. (Examples Below) Key Points: 1. Weekly candle closing near its high 2. Weekly candle closed well above the Bear Channel 3. Gap between current price and channel high 4. RSI has room to move up 5. Scalp the gap between the current price and 1.40000 A weekly candle closing near its high after a breakout is a strong bull signal. The price has a gap to fill, and the RSI has room to move up. The RSI is a weak indicator on its own, but coupled with the other data points, it aids the conclusion. It's reasonable to scalp the gap on the Daily or Weekly charts. See the rationale below. Trading Rationale Let's say you have a $10,000 account and you apply the 2% rule of trading, where your maximum loss on any trade is 2% of your total account equity. In this case, $10,000 x 2% = $200. Therefore, a scalp on this chart should render a loss no greater than $200 and a reward of $100. A scalp is justified in this case because our probability of success is likely higher than the general 40-60 rule, which states that the probability the market will move the same distance in either direction is between 40%-60%. In the 40%-60% scenarios, a 1:2 Risk Reward ratio means your probability of making money is positive. When we have a strong breakout like USD/CAD, the probability of a continuation gets closer to 80%-90%. We can afford to extend our risk because the probability is so high. The simple math is if you ran this trade 10 times and hit your Take Profit on 8 of them (80%), you would win $800 and lose $400, a total profit of $400. Therefore, this is a reasonable trade. As always, trade at your own risk, you are responsible for your trades. I hope this analysis was insightful and useful. Trade wisely and let us know what you think in the comment section below!
Long
by TraderEngineering
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD USDCAD is now quite BUY. The dollar started to strengthen slightly because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA. We think it will go up to the 1.3792 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.3367 LEVEL in the future. FOLLOW THE STRUCTURE GIVEN.
by benny_marshall
1
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD USDCAD is now quite BUY. The reason is because OIL is slightly WEAK, CAD is WEAK and USD is slightly UP. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK. And MARKETS RISK has been OFF again for this reason. But with RETAIL SALES, ISM MANUFACTURING DATA, and FED UPDATES, this situation may change in the future. Therefore, if the FED continues to be HAWKISH, the USD can definitely go UP. So stay tuned for FED UPDATES. We think it will go up to 1.3947 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.3155 LEVEL in the future. FOLLOW THE STRUCTURE GIVEN. usdcad
by benny_marshall
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD USDCAD is going up quite a bit right now. That's because OIL is down quite a bit and POWELL'S HAWKISH COMMENTS UPDATES came. They have been working to make USD STRONG in recent days. Due to this reason, STOCKS can move DOWN SIDE if the USD becomes STRONG like this. Right now, there is a very good BUY towards the UPSIDE because US DATA and UPDATES are POSITIVE. We think it will go down to 1.2999 level before going UP again with MARKET RISK ON SENTIMENT. Somehow, there will be a chance for USDCAD to go up to 1.3221 LEVEL again. We wait until the UPSIDE TREND CONTINUES. FOLLOW THE STRUCTURE GIVEN. usdcadusdcad
by benny_marshall