Usdcadsignal
USDCAD SHORTI am short on USDCAD - I explained in detail the idea behind the trade in my members telegram chat. Yellow zone = previous gap. 0.718 retracement complete. Wait for break of support.
USDCAD: Target towards 1.3200 Until Below 1.3750USDCAD is moving downwards perfectly in the bearish channel
Following hints are good enough to support the bearish trade idea:
1. MACD is forming a hidden bearish divergence to continue lower.
2. The most recent rising trendline within the bearish channel is broken lower with a successful retest as the resistance.
3. 4 out of the 5 legs impulsive structure are completed and the target for the last leg is derived from the confluence of the prior leg's Fibo Extn.s at 1.3200
Invalidation of the bearish trade idea would be the break above 1.3750
GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
USDCAD | WEEKLY FORECASTAs the Greenback appears to be losing steam across major pairs; A Breakdown of our Key level (1.35500) last week is a significant Bearish signal for us.
Tendency: Downtrend ( Bearish )
Structure: Break-down | Support & Resistance
Observation: i. . 786 retracement of the most recent Bearish Impulse leg culminates at 1.37000 followed by a Bearish momentum.
ii. The Bearish momentum which started last week finally breaks our key level @ 1.35500 which also coincides with a Breakdown of our Bullish Trend .
iii . Expecting a further rally to the downside in the following week(s) with a 1.414 extension target.
Trading plan: SELL confirmation with a minimum potential profit of 350 pips.
Risk/Reward: 1:3
Potential Duration: 4 to 8 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Nirvana! Forex
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 byme for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and NFTI takes 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.
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Past performance is not necessarily indicative of future results.
1000 PIPS DOWNFrom what I can see USDCAD retraced to the trend line but is going to fall to support or a little bit beyond before changing the trend
USD/CAD, Short after Breakout of Minor LevelUSD/CAD is showing us weakness at the end of this week. I expect a drop in the price to major support or the bottom of the range.
USD/CAD Technical Analysis
The counter has formed a bearish cypher pattern.
Further, it has formed an evening star pattern in the hourly chart at the highs.
A down move from here has a good chance to create a descending channel/bullish flag pattern from here.
Hence, we expect the pair to be bearish in the near-term.
USDCAD - SELLFrom what I can see price will break support and the trend will change to bearish
Wait for confirmation before entry!
USDCAD - SELL
SL - 1.35675
TP - 1.29634
U.S DOLLAR /CANADIAN DOLLAR POTENTIAL(USDCAD)Price Currently In a Range.Wait for a clear Break in Range Retest,Before Entry is made. FX:USDCAD
USDCAD signal (LONG)Hello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market
targets: 1.375 - 1.382 - 1.389
after first target reached move ur stop to breakeven
stop: ~1.35 (depending of ur risk). ALWAYS follow ur RM .
Good luck
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It's not financial advice.
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USDCAD - BUY ON BREAKOUTPrice is currently hovering over the support zone, from what I can gather price will bounce around in the zone before breaking out and heading towards the green area
USDCAD LONG - WAIT FOR BUY ZONE We are going to look for USDCAD long positions across the next few trading days. We have a breakout of the channel and have identified a buy zone. When price enters the buy zone - get in on longs!
If you like our ideas you can check out more of our educational information and signals group on our socials! Thanks guys
U.S. DOLLAR /CANADIAL DOLLAR (USDCAD) LONGH4 Timeframe Showing an Uptrend Structure.Currently Retesting Previous Levels.Wait for a good setup to go Long FX:USDCAD
U.S.DOLLAR / CANADIAN DOLLAR NEUTRALPrice is currently around Weekly key levelWait to see how Price reacts around this Location if Price breaks through wait for a retest and Short the Pair but if Price Fails to Break, wait fora bresk above H4 level retest and Buy the FX:USDCAD PAIR
#USDCAD, Time to buy?RSI below the 30 points it points to Oversell and possible trend change.
Stochastic below 10 points, as well as an indication of a trend change
Although the trend is bearish we recommend buying because of the data we mentioned above
Goal: 1.36
USDCADTime = 2H
– Structure = Downtrend
– Pattern = Descending Triangle
– Tendency = Downtrend
Price might move above slightly in-search of Clear resistance, but the trend is Downtrend
GOOD LUCK
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DISCLAIMER: This is NOT an Investment Signal, Trade at your Own Risk.
