Get started

Usdcadidea

USDCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1
USDCAD Roadmapprice direction: NEUTRAL potential upside target price: 1.2935 potential downside target price: 1.2775 **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
by GWBFX
2
USDCAD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of USDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 50 - Dec 07 M > Market has been bearish for 2nd month in a row and price has dropped to test monthly support. W> We see bullish divergence and expect a correction to the upside. D > We see an over extended M formation and expect price to test its neck to complete the formation, in case price succeeds to break this level then daily demand zone will be our next target. As per COT CAD closed Long and further added Short positions, reducing net positions, however cumulative net position with N-R has improved. CXY strengthened during the said period and after testing monthly resistance it further gained strength last week and is now testing next resistance level. We can expect correction to the downside as strong bearish divergence can be seen for CXY. 4H > We do not see any sign of reversal at this stage and in its current move price can continue with its bearish move. Pair Correlation > USDCAD has negative correlation with GBPUSD, AUDUSD, EURUSD and NZDUSD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Long
by AP17FX
USDCAD - Probability of the formation of Expanding DiagonalUSDCAD - Probability of the formation of Expanding Diagonal Pattern Wave 3 has ended in the range of 1.4689 and the movement structure up to the range of 1.4667 has been in the form of 3 waves, which indicates the corrective movement. Given that the X wave has ended in the range of 1.4667, it is possible that we will encounter the FLAT pattern in the 4th wave. In the downtrend, which started from the range of 1.4667 and should be in the form of 5 waves, according to the FLAT pattern, the movement structure is in the form of 3 waves, which can represent the Expanded Diagonal pattern. Which can prolong up to the range of 1.2039.
Short
by NirmataFX
2
USDCAD - Probable Expanded Flat Pattern formation in Wave IVThe structure of the downtrend which has been started from the range of 1.3420, has finished in the range of 1.2928 which is in the form of 3 waves. Given this trend, we will probably have a 5-wave uptrend in C-wave, which could be extended up to the target of 1.3523. If the price crosses the range of 1.2928, this analysis will be violated. In case the price crosses the range of 1.3172, we can expect an uptrend forming hopefully.
Long
by NirmataFX
1
USDCAD Top-Down Analysis (Long then Short)Hello Traders, Here is the Top-Down Analysis of USDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 46 - Nov 09 M > Market is moving in a range of about 400 pips. Price has dropped to test weekly support 4 times in past 4 months. W> We see an M formation from June 2020 that price has not completed yet. However to compete the formation price has to break range to the upside. Price tested support again last week. D > Placing FIB on last bullish impulse we can see that price has dropped till -0.272 Fib level and we can expect a correction to the upside now. We can see an M formation and price can retrace till its neck for correction. As per COT CAD closed major Long and few Short positions, reducing net positions a bit further. CAD saw huge dump during the said period with price showing some sign of recovery during the later half, however it gained strength last week and is now testing weekly resistance. We can see bearish divergence for CXY and can expect correction soon. 4H > We can see bullish divergence and price has created double bottom at -0.272 Fib level. We expect a pull to the upside and then drop to test monthly support. Pair Correlation > USDCAD has negative correlation with CADJPY. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Long
by AP17FX
USDCAD short trade ideaPlan: wait for the price to bounce off from supply zone --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
2
USDCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
6
USDCAD 260 Pips bullish run expected. Will it reach Sep high?USDCAD ********* ⏳4 Hour chart 🎲 Possible entry analysis ⛳️ Possible bull/bear target 📚Educational —————-❇️——————- Detailed analysis 💬 1️⃣ Trend line bounce, Break and retest around 1.31500 2️⃣ 1.32500 Price action level-Dynamic support 3️⃣ Risk off mode and Rising of virus infections, Falling of Oil- WTIUSD prices 4️⃣ 1.34000 Key psychological resistance 5️⃣ Price Movement within the broader upward channel 6️⃣ Parabolic move was expected from 1.31000 to 1.35000 7️⃣ Technical support - Bear 8️⃣ Minor Bullish Trend 9️⃣ September high Immediate resistance 🔟 Strong DXY- Upward pressure- Negative for CAD #️⃣ Overall bearish trend —————-❇️——————- 📉 Technical bias-H4-Bullish Above200 Exponential moving average 200EMA acting as immediate support - Bullish trend Possible entry point-1.32600 Relative strength index - 50> Above neutral area. RSI trend line support MACD -Felled below the middle line, Red zone territory, Oscillators pointing downward Stochastic -Around neutral area -Short term bullish trend Ichimoku cloud -cloud is turned green-Cloud Support Bollinger band- Price is around higher band-Middle band acting as dynamic support —————-✳️——————- Key reversal area's 1.34000 Key psychological level 1.34160 September month high 1.32510 Dynamic support and resistance 1.36000 Key psychological level-Major key reversal area 1.31200Lower trend line reversal area 1.132510 Possible entry- Bullish —————-✳️——————- Bullish entry #USDCAD Entry price - 1.32520 Take profit 01 - 1.33500 (100 pips) Take profit 02 - 1.34150 (165 pips) Take profit 03 - 1.35150 (260 pips) 🚫 Stop lose 1.31940 (55 pips) Alternative bearish entry-1.34170 ⬇️ 2.0% Growth expected ⤴️ Account growth 0.45 : 2.00 ✅ Risk reward ratio 1 : 4.2 —————-⚜️——————- Push the like button , And cheer up if you found useful
Long
by forexorbit
USD/CAD BUY IDEAHey tradomaniacs, welcome to a new free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation. USD/CAD: Day-Swingtrade-Preparation Market-Buy: 1,32000 Stop-Loss: 1,31510 Target 1: 1,32475 Target 2: 1,32850 Target 3: 1,33240 Stop-Loss: 50 pips Risk: 0,5% -1% Risk-Reward: 2,56 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez