Usdcadshort
Bearish outlook on USDCAD - 8 February 2023Prices have broken below a key support zone at 1.3380 on the H1 timeframe. A pullback to this level, which is in line with the 50% FIbonacci retracement, could provide the bearish acceleration to the next support zone at 1.3320, which coincides with the 78.6% Fibonacci retracement. Prices are lying below the Ichimoku Cloud as well, supporting our bearish bias.
USDCAD - Daily Trade Idea - 8-Feb-23USDCAD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
Usdcad sellusd cad sell
opportunity reason these are :
1. valid trendline
2. break of structure (BOS)
3. take liquidity callded ( ind)
4. nice risk reward
5. trend is down
share this post at behalf at my experience .. well if my post helpfull for ur trading plx support with ur like .. and if anykind of question about this analysis .. plz comment thanks
USDCAD - WAITING FOR CONFIRMATION!Waiting for confirmation to short USDCAD at 1.33965 back down to swing lows at 1.32793 or if we see a break of the level, I will wait for a retest of 1.33965 to long USDCAD back to swing highs at 1.35118.
If you agree drop a like and if you have any questions leave a comment :)
USDCAD - Short from bearish orderblock ✅Hello traders!
‼️ This is my perspective on USDCAD.
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish orderblock + institutional big figure 1.34000.
‼️Attention!!! Due to the fact that we have a news on USD tomorrow, the analysis can be invalidated.
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Sold the USDCADThis is a sell trade of which analysis I did before now however I did not publish it. For the sake of learning and journaling I am publishing it now. This trade like every other trade I take is a trend trade. The USDCAD is trending down and gave a new low, I simply find and mark out the high and label my preferred sell zone represented by the red box. A sell limit order is good for a trade like this. As we see the price pulled back to the sell zone and continued its trend down creating a new low. I took good profit with a 1:2 risk to reward ratio.
What to expect?
I keep it simple and repeat the same steps the gave me this trade.
keep following! I will be updating the chart analysis on USDCAD and publishing it.
USDCAD - Daily Trade Idea - 2-Feb-23USDCAD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
usdcad buy from key level Usdcad
For The last Two week i am Predicting price will hit 1.32 zone solid support zone.
Why this zone is solid??
Because here we can major trendline on daily T.F lies. Where price will complete Its retracement upto 50% level and chance to creat a double Bottom if structure valid will see a good bullish move.
USD/CAD :: Downtrend in the new week !!USD/CAD :::
Orange line :: is a reliable line that the price reacts to every time it is touched, and this line shows the downward trend and currently plays the role of support for the price position.
Blue line :: It is a resistance that has been formed in a shorter period of time and the price has recently broken it, which can be another reason for the continuation of the downward trend.
Purple Channel ::
Based on the corrective movements, the price has been drawn in a higher time frame, which shows a slow downward trend.
The previous analysis has also shown the corrective movements well ::::
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USDCAD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD - Short from bearish orderblock ✅Hello traders!
‼️ This is my perspective on USDCAD .
After price took out sell stop liquidity with that spike I expect price could make a retracement to fill that imbalance higher. I will look for a short if price rejects from bearish orderblock.
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