Usdcadshort
USDCAD BUY LONGThe US Dollar vs. the Canadian Dollar is a very popular currency pair due to the extremely large amount of cross border trading that occurs between the U.S. and Canada. The CAD is considered to be a commodity currency because of the large amount of natural resources, especially oil, that are mined and exported to southern neighbors. The USDCAD is one of the most traded currency pairs in the world.
USDCAD - Daily Trade Idea - 28-Oct-22USDCAD (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.
Sell USDCADGood day, traders! Don't forget to put your thumbs up and write your comment if you like the idea
USDCAD sell from 1.3800 and 1.3850. Once again tested the monthly target and, taking into account the removal and return for support in the region of 1.3800, you need to look for an oncoming lane. Further growth potential will be only with a breakdown and fixation above 1.3850. First objective standard, global objective test 1.3600 and ideally update 1.3500
DISCLAIMER:
The opinion of the author may not coincide with yours! Keep this in mind and consider in your trading transactions before making a trading decision.
USDCAD - Short from bearish orderblock ✅Hello traders!
‼️ This is my analysis 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 and reject from bearish orderblock + institutional big figure 1.37000.
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USDCAD H4: Bearish outlook seen, further downside below 1.3720On the H4 time frame, prices are facing bearish pressure from the resistance zone at 1.3720 which coincides with the graphical resistance zone, descending channel’s resistance and Fibonacci confluence levels. A pullback to the 1.3720 resistance zone presents an opportunity to play the drop to the support target at 1.3380, in line with the 38.2% Fibonacci retracement. Prices are holding below the Ichimoku cloud as well, supporting the bearish bias.
USDCAD - Daily Trade Idea - 27-Oct-22USDCAD (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 sellUSDCAD sell active this NY session. News reaction gave the perfect discount entry with the news release supporting a sell for USDCAD, with a weak USD and strong CAD. This trade has the potential to go beyond the set targets but I am sticking to my 2 Tps - no space for greed! I actually took this trade on a 5 min chart but I can only post on the 15m timeframe. Will do a video breakdown should it hit set targets.
USDCAD ! Trading in descending channel, short trade idea.📉USDCAD ended yesterday with a strong rejection after checking the level of 1.37460. Currently, opening a short trade is high risk because trading is at the support level. We need to wait make a lower high again, you should enter short trade / wait for bearish action price/. If USDCAD can make a new lower low, it's expected to down.
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 - Daily Trade Idea - 26-Oct-22USDCAD (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.
HOW TO trade USDCAD reversals 💵🍁We have an alert for a sell on USDCAD.
Trading on the 30M timeframe.
I'm using my POW EDGE reversal strategy for this trade idea.
Little red arrow is entry point.
Red trade label shows trade details.
Green lines are TP and purple lines SL.
Stats for the strategy can be found at base of idea.
Chart shows previous trades from last week.
Strategy is in a rich vein of form.
Can we start this week off in the same manner last week ended.
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What is our POW reversal script?
Quiet simply our script is a reversal strategy and can be used on any instrument and time frame.
POW reversal strategy sits within your TradingView and you as the user will see exactly what we see - the trade, entry price, SL and TP values.
This is a mechanical trading system, Which through third party services can be automated.
Our script is based on a combination of indicators with the main ingredient being RSI .
As a user using the script you are able to see all available settings and what they are.
The values for each setting can be adjusted to fit and suit each individual instrument as well as the time frame said instrument is being used on.
We know upon changing settings if they will work on the trading instrument and the time frame being worked as we have coded in a built in strategy tester.
A big overlooked not used enough feature of TradingView's pine code is the strategy tester which saves hours of time not having to manually back test a strategy.
Having the data in an instant enables us to enter trades with full confidence knowing we are working a proven system.
Having the built in strategy tester also doubles up as a live trading journal too as the strategy tester will confirm and support every open and closed position.
We are working to a rules based approach to trading for our entry, exit and risk management.
All subjectivity and emotions are removed we simply follow and execute the already tested strategy.
My latest trade recap video can be seen below and gives great insight into POW tradingview pine scripts we use
Thanks for looking at my idea 👍
Darren
USDCAD H4: Bearish outlook seen, further downside below 1.3800On the H4 time frame, prices are facing bearish pressure from the resistance zone at 1.3800 which coincides with the graphical resistance zone, descending channel’s resistance and Fibonacci confluence levels. A pullback to the 1.3800 resistance zone presents an opportunity to play the drop to the support target at 1.3585, in line with the 88.6% Fibonacci retracement and 100% Fibonacci extension. Prices are holding below the Ichimoku cloud as well, supporting the bearish bias.