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Usdcadsetup

USDCAD | Perspective for the new weekWith 102pips in our direction before the reversal on my last publication (see link below for reference purposes); we are at a juncture in the market with a viable opportunity to take advantage of. The Impulse move that begun mid-November 2020 appears to have found a bottom as the rejection of demand level @ CA$1.26500 area continue to gain momentum. Even though the USD/CAD pair came under renewed bearish pressure in the early session on Friday, I continue to see an opportunity to go Long as this Bearish move from my perspective is a corrective move following the successful Breakout of Bearish Trendline. Tendency: Uptrend ( Bullish ) Structure: Reversal pattern | Breakout | Supply & Demand | Double Top Observation: i. A visible Reversal structure is observed as price no longer deems it fit to respect the Bearish Trendline. ii. Breakout of Bearish Trendline during last week trading session is a signal that we might be changing direction in the nearest future. iii. Double Top at CA$1.28820 represent the beginning of the corrective phase of the Impulsive Breakout on the 27th of Jan 2020. iv. I shall be anticipating the exhaustion of the Bearish steam around the Bearish trendline and Demand zone followed by signs of a rally in the following week(s). Trading plan: BUY confirmation with a minimum potential profit of 300 pips. Risk/Reward : 1:3.5 Potential Duration: 5 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
5
USD/CAD Buy OpportunityTechnical Overview: - USD/CAD DXY NFP last Friday was the juice needed to push price lower. We are bullish from a higher time frame perspective, so we only look for buy potential entries we do understand that smaller time frame suggests downside, this could be used as an opportunity to enter in when price is falling. Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
Long
by FlyDownX
3
USD/CAD BUY THE PULLBACKTechnical Overview: - USD/CAD While the the obvious trend is bearish, we are out here doing the opposite. Trading is all about your mental decisions, and our outlook changes our outcome. Since price had dropped, this created a huge discount for hedge funds to enter in on cheaper prices. We are bullish simply because price is oversold from a HTF. Smaller time frame suggests downside, this could be used as an opportunity to enter in when price is falling. Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
Long
by FlyDownX
6
USDCAD - Full Analysis BreakdownWelcome traders to a free analysis breakdown. Today I am highlighting possible trade ares on USDCAD, if you any questions on the pair let me know in the comment section below. Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful . If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner. Feel free to comment a pair or subject you would like me to cover next. Trade Safe Alpha Trading Group.
Short
by AlphaTrading-Group
2
USDCAD: Ending Diagonal PatternIn some cases, we cannot detect the main trend clearly. But there are patterns that are helpful, they temporarily show the trend. One of these patterns is Diagonal. As you can see in the image, the Diagonal pattern is formed and we are waiting for the price to increase to the range of 1. 3411. To get the confirmation for the uptrend, the price should cross the range of 1.2835. In addition, convergence is evident in RSI. This analysis will be violated by crossing the price from the range of 1.2588.
Long
by NirmataFX
USD/CAD PAIR BREAKDOWN👋 Hey there traders, and welcome to a brand new pair breakdown! 📌 If you like the content that I produce for you all, show some love by smashing the like and follow button, also, leave a comment! That keeps me motivated to produce more content! 📌 Why should you follow me on Tradingview? I'm transparent. I provide educational content. High probability setups I explain all my steps in-depth 📥 If you would like me to analyze a pair, or discuss something educational and or trading related, let me know via private message, or drop a comment! I always respond to all the comments! :) Keep in mind that the analysis provided is not 100% accurate and that you can never be certain about the markets. This information given is not financial advice, always do your own research. Thank you for your time, and let's destroy the markets together!
by UnknownUnicorn7363578
1