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Usdcadsetup

Usd/Cad : 1.1900-1.1830 level support test is likely Pair is trading inside the 1.4700- 1.1930 level since the past 6 years as the price is mostly moving based on the crude oil price . As of now , its heading towards the 1.19xx major support and likely to drop 100-150 pips below since the probability of stop loss cluster around that area is very high. On the other side , crude oil is showing weakness around 67 level and traded inside the 63-67 range since many days, indicating price likely to test around the 57 handle for short term. Hence, for Usd/Cad , better is to split the long positions near and below the major support Long position #1 : 1.1930 Long position #2 : 1.1800-1930 Long position #3 : Below 1.1800 ( If there is any Machine initiated so called fat finger error )
Long
by UnknownUnicorn13514545
USDCAD H4 TIMEFRAME ANALYSIS (BUY) 220 PIPS TARGETWe expect to buy this pair because new Jerusalem Ultimate bands is indicating a support level and there are early signs of reversing backwards. There is a strong bullish pull back awaiting the market opening to manifest. Our target in this one is 220 pips in profit and our risk to reward ratio is 1:3R The entry and exit points are as indicated on the chart. After we hit 220 pips in profit the New Jerusalem Ultimate bands Indicator is suggesting that there will be a massive sell pressure in two weeks to come in such a way that the world will wonder how the USD will start falling massively against the CAD. Probably we might experience the semi-crash during this move. Under this forecast we expect that you will manage your capital wisely and take control of your trades. Wish you much success in this one. Don't over trade.
Long
by Piptera-Digital-Solutions
USD/CAD slumps after hawkish BOC event, but a recovery is likelyYesterday, BOC was more hawkish in their statement than expected. Quite naturally, the Canadian Dollar appreciated against almost all the major currencies. USD/CAD also took a hit and dropped more than 180 pips after the event. However, you can see the price has been consolidating in a support level. Chances are, this support level will hold and price will make a decent recovery. So, a buy trade between 1.2470-1.2501 with SL below the support and TP at 1.2650 is quite possible.
Long
by MarcellusLUX
17