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Usdcadsetup

USDCAD | The best area to start the uptrend🏹Hello traders, Symbol USDCAD ,This analysis has been prepared in a weekly time frame but has been published for a better view in a 2 week time frame. Our goal in this analysis is to give you an overview of the future of symbolism. As you can see in the chart, this symbol has been analyzed and examined from 1979 until today and is predicted until 2027. Based on the wave count we did in the weekly timeframe, we first identified a 5-wave cycle and then a relatively short correction in terms of price and time. After completing this correction, a new 5-wave trend in the form of a triangle has started again. In this leading wave, waves 1, 2 and 3 are complete and now we are waiting for the completion of wave 4, we expect wave 4 to form at the bottom of the channel (Fibo 0.50) but we can also expect a deeper correction (Fibo 0.618). After the end of wave 4, we are waiting for the beginning of wave 5, and the best confirmation for the beginning of wave 5 is the price crossing the midline of the channel or the pink trend line of the channel floor. If the price crosses Fibonacci 0.618, this analysis will not lose its validity and we should expect a further rise. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Long
by TajereBartarFX
Monday: USDCAD - Week 32Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the support! ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
Long
by INotFancy
Thursday: USDCAD - Week 31Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the support! ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
Long
by INotFancy
1
USDCAD AnalysisLooking at the weekly chart, UC is generally in an uptrend. We also see that price is moving between two trendlines, thus forming triangle pattern. with this pattern had been falling from mid-March until the movement came to an end when price reach the support trendline where price showed signs of a reversal. The reversal was confirmed not only by candlestick patterns but also the violation of of the bearish intra-trendline. Price did this forming a bullish cup pattern. This gives me more confluence on the the current direction of the market. We are currently in a correction phase (flag). My expectation is a continuation to the upside. But should price hold and maintain the bearish flag, my anticipation is it will drop down to the weekly Support trendline, give us a double bottom and then begin its bullish move from there. *Disclaimer* This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are crucial. #Trade_Like_A_Magnate
Long
by Magnatrio
Tuesday: USDCAD - Week 31Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the support! ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
Long
by INotFancy
1
USDCAD, BULLISH!!We can see on four hour timeframe that the market is contineously pushing to the upside making higher highs. The most recent support/demand area is 1.26 area where the market will most likely make a new Higher Low unless it breaks the uptrend structure. My bias is bullish at this pair until it breaks it's previous higher low which is located at 1.245 area. My take profit will be below the recent higher high and break above that market will push higher. Before entering watch out for price action that will indicate you to buy this pair.
Long
by DontStopTrading
Tuesday: USDCAD - Week 29Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the support! ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
Long
by INotFancy
1