Another Idea on USDCAD Ill be looking for buying opportunities but only if price breaks zone meanwhile market might go side ways keeping a look out on this pair.
Usdcadsetup
USDCAD 100 Pips pullback possible??bounce form important support level so expected at least to touch the trend lone
Usd/Cad (The Candles Tell The Story)Read the chart!
One thing I want to say is that... That Giant Red Candle Was Rejected! The Next Day The Battle Was Near Even! Then Friday The Bulls Took Control!
Wednesday's Giant Red Candle was a REALLY BIG... and it still got rejected in this area! This means that the area price is in is a very strong level of support!!!!
USDCAD (Potential 40 pips - 70 pips)USDCAD (Potential 40 pips - 70 pips)
This my personal view for USDCAD..MY VIEW in DOWN
Red Line = Stop Loss
Green Line = Best Entry Sell
Green Line = Take Profit
Usd Cad Long Round 2thin volumes doing some crazy moves--so lets see again FX:USDCAD FOREXCOM:USDCAD
USDCAD Possible PULLBACK - Short-term Trade Idea - BUYMy thoughs on USDCAD.
Included below is a rough chart on a 4H Timeframe, including possible areas of resistance;
USDCAD bounced from support, potential for a further rise!
USDCAD bounced off 1.31161 where it could potentially rise further to 1.33450.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
My Idea on USDCAD looking for sales I'm looking for potential sells if I see reversal patterns but meanwhile it seems like momentum is breaking the market, we are on a price rage that everyone looks to buy/sells
USDCAD bounced from support, potential for a further rise!
USDCAD bounced off 1.31000 where it could potentially rise further to 1.32024.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD H1 PINBAR @ TRENDLINE LONG OPPORTUNITYHey traders,
Just a simple pinbar spot on the H1 with the blue trendline acting as support.
Simple price action and analysis.
Cheers.
USDCAD ELLIOT WAVE LINED UP WITH CLASSICAL TECHNICAL ANALYSIS USDCAD rose in overlapping five-wave "leading diagonal" from the major low at 1.30422. Leading diagonal always indicates the direction of the major trend, and in USDCAD's case, it is bullish.
The subsequent decline is the corrective pattern, which unfolded as a double zigzag correction in wave B. The corrective wave retraced around 61.8 - 78.6% of wave A, and also bottomed at a demand zone + ascending trendline.
The confluence of classical technical analysis and Elliot Wave further confirms that the price should resume the advance on or from near the current market price.
The potential target for wave C is the resistance zone + Descending trendline.
What's your thought about USDCAD?
Best,
Veejahbee.
Bullish positioning on CAD is slowly diminishingUSD still enjoys high carry 2.6% vs EUR over, making short USD positioning unattractive. No currency in the G10 FX space offers a higher yield than the dollar.
Market expectations earlier in the year that policymakers will not be able to fulfill their tightening ambitions turned to bets that the next move in interest rates will be down as the economic outlook deteriorated while the trade war saga dragged on.
USDCAD SHORT OPPORTUNITY - PRICE AT TRENDLINEHey traders,
This trade today will be an intraday trade.
After a very strong NFP release and weak canadian employment data, USDCAD has surged up.
It is now retested the trend line and printed a bearish candle.
I have a bearish bias currently.
USDCAD PRICE HAS BROKEN TO THE DOWNSIDE OF THE TRIANGLE!Hey traders,
Yesterday I posted analysis on the USDCAD saying that I would be short once the triangle pattern was broken.
News today regarding the Bank of Canada interest rate decision has pushed price down.
I am targeting a S/R area which also represents a potential right shoulder of an Inverse Head and Shoulders Pattern.
Let's see how this trade plays out.
Previous idea here:
Simple technical analysis.
USDCAD SHORT - PRICE CONSOLIDATING IN TRIANGLE Hey traders,
As seen on the chart USDCAD is consolidating in a triangle pattern.
It attempted to break out to the upside before coming back into the current pattern.
Does this mean bulls failed, possibly.
If there is a breakout to the downside I see a good trade opportunity.
However I am already currently short from the daily charts so let's see what happens.
USDCAD Analysis: Price bounced from a falling trendlineUSDCAD has been following the falling channel since june.
Price bounced off from the trendline and then made a breakout from an ascending channel indicating high chances of heading down.
short usdcadlet us see if we can do this our way the R:R way this if all goes as it should is a 1:30 reward remember to trade manage move stop loss and close some positions
USDCAD BEARISH PINBAR!!Hey traders,
Here is my analysis of the USDCAD on the daily timeframe.
Previously I said that price was currently consolidating on the USDCAD.
Last Friday we had a strong close for the bears in the form of a pinbar.
This is a clear and simple signal which indicates that price is looking to move downward.
Simple price action and analysis.
USDCAD CONSOLIDATING 2 POSSIBLE SCENARIOSHey traders,
Here on USDCAD we can see price is consolidating at this point. Price has rejected the orange trend line multiple times.
Buyers have struggled to push price above as seen by the 4 wicks representing sellers taking control. However sellers have not been able to push price further down.
With low liquidity the rest of the week due to American Thanksgiving, I don't think we will get a clear signal until next week.
If price can break the previous week's high bulls will be in control. However if price can break below the lower orange shaded area. Then my bias will turn bearish.
USDCAD LONG IDEA - IF PRICE CAN BREAK THROUGHHey traders,
Here is my analysis on the USDCAD on the H1 timeframe. If price can break through the blue trendline I have drawn.
I see price going further up.
USDCAD hello everyone :)
This my personal view for USDCAD.
Predection (GO UP)
Red Line = Stop Loss
Blue Line = Best Entry
Green Line = Take Profit 1 & 2
Any this my personal predection. Win or Loss is your responsible. Sorry my english so bad becouse im still learning & try to speak english.
Happy trading all :)
Best & regards
Jamal Abdullah
(Owner Traderstylo)
