ICTUsdCad with high news impact BOC Rate Statement plus Overnight Rate and Crude Oil Inventories i think it will go downside but stand a head of of news central bank can do what if they can do because it is their commodity
Forex-usdcad
USDCAD Short Scalp4 hour and 1 day frames overbought for some mean reversion. Watch for a break of higher level for a good price.
usdcadA pattern of 3 drives is forming and above the Daily Trend line and there is good resistance for the price to fall to the specified area.
Elliott Wave Analysis: USDCAD Has An Unfinished Five-Wave DropHello traders!
USDCAD came nicely down on the 4-hour chart with extended and strong drop from 1.2774, which has characteristics of wave 3 rather than C as the pair also moves very close to the typical 161.8% extension level. As such, we are aware of more weakness after the current consolidation that looks like wave 4, which can be a triangle or maybe more complex recovery to 1.2450 - 1.2500 for 38,2% Fibo. retracement, but in either case, we think that sooner or later bears for wave 5 will resume towards 1.22 - 1.21 area.
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
USD/CAD predicition for the monday (daytrading)Hello traders,
USD/CAD, an interesting pair to put on the watchlist for the monday-morning with some coffee.
While coffee might be the best part in the morning, the USD CAD pair is also looking juicy.
We had an impulsive move down, followed by slow corrective movement and currently testing some levels like expected.
Doesnt mean we can allready enter because as you know by now we always look for confirmations to be as sure as possible on the trade.
Expecting that the USDCAD will make the next move down after we broke structure down and will retest this structure.
Keeping you updated on this one!
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USD/CAD long on the Friday! DaytradingDear traders,
Follow me to get updates because daytrading moves faster than normal.
We have been watching usdcad very closely, and expect the next move up before the weekend starts.
After an impulsive move up, we came down slowly but surely completing 3-waves retracement.
Why not enter now? We still have a double resistance, 1 is a counter-trendline, the other is the structure level.
So after the break of both, we will put our entry on the retest of structure which will be around the orange area.
Have a good weekend and don’t forget to follow!
Low probability high reward LONGThe dollar has been drowning. Might be time for it to catch it's breath.
USD/CAD - 21/10/2021(H4) - USD/CAD broken out of support but failed to close bearish. Strong wick rejections showing bullish presence, if we break back above support of 1.23202 then we could see continued bullish pressure back up to 1.23465
(M15) - Will be looking for price to break back above 1.23254 too look for buys up to 1.23465, just a waiting game now.
USDCAD May Drop Lower! Short 🔻
USDCAD is trading in a strong bearish trend.
Now we see a local correctional move.
It looks like soon bears will push further.
Be prepared to sell!
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Long on USD/CAD Price currently in demand zone, and Risk/Reward looks decent. Could potentially be a head and shoulders on the daily which would indicate a trend reversal but looking at the high I'm going to say price will bounce off of support and continue back to the supply zone!!!!!
Buy Signal on USDCADPrice is currently, showing a lot of bullish strength around 1.2578 area, if we have a break above the previous resistance at 1.2624 then surely, price is going to head to the supply at 1.2775 which is an area where sellers are likely to come back in to the market.
USDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
USD/CAD Sells!Just entered into my USD/CAD short position. Entered at the level we analysed from this mornings watchlist which I shared on here too (link will be attached below)
USD/CAD – Week 38 – Expecting another bullish wave.In our previous forecast, we correctly anticipated the price to start a corrective B wave.
In the coming days, we expect the price to make a small pullback and continue towards the $1.28 level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BUY LIMIT USDCAD ON 1.2600 TP: 1.2727 SL 1.2550 BUY LIMIT USDCAD ON 1.2600
TP: 1.2727 SL 1.2550
#forex #usdcad
USD/CADSell: USD / CAD
SL @ 1.26400
TP @ 1.25500
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
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Have a good week to everyone
TRADE OF THE WEEK | Classic Trend Following Trade 💰
Hey traders,
During the last two weeks, we were monitoring carefully USDCAD pair together.
We were waiting for a daily structure breakout and consequent bullish continuation.
With a valid structure breakout, we were looking for a confirmation to buy the market on a retest.
With my students, we spotted a bullish flag pattern on 1H.
Its bullish breakout and its consequent retest gave us a perfect reason to buy.
Then a sharp bullish rally started.
155 pips of pure profit and great trade!
❤️Please, support this idea with a like and comment!❤️
longUSDCAD has found strong support. New early in the morning is expected to push up the market in US favor.
USD/CAD: Inflation it's a good sign that U.S. economy will peakThe U.S. Dollar continue strenghten during this day, and today, we have a good news that Federal Reserve it's running the inflation in the economy. For that, this it's a good news in the economy as investor hope with more news about the next check stimulus about the covid-19 recovery in America.
Now, I put a long position in the market price at $1.2520 CAD and the SL will be $1.2490 CAD (30 pips) and my target at $1.2600 CAD (81 pips)
USDCAD Head and Shoulders SetupVery Simple setup. Head and shoulders pattern on the 4hr timeframe (strong confirmation). Looking for USDCAD to push down to the 1.23500.
USD/CAD – Week 28 – Strong uptrend.Last week, the pair gained more bullish momentum and increased, despite our forecast in which we expected the price to reach the liquidity pool before resuming the uptrend.
For this week we expect the price to lose some momentum until it reaches the confluence between the support and the trendline. After that, we anticipate the bullish momentum to return.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
