Usdcadbullish
USDCAD- Big Long Opportunity Almost ReadyUSDCAD has reach major key inflection point on the daily timeframe. What interseting is it approach this major key area with Descending corrective stucture which usually give signal for a move to the upside. The price has now rejected impulsively from the bottom of this descending structure. In addition it is now alreaddy forming a bullish continuation structure on lower TF (M30-H1).
I will take the break of this bullish continuation pattern as the trigger to my buy entry with sl below the continuation structure. There is a massive reward available if the price continue to move upside. On the other hand, i always use position sizing so i just risk 1% of my account / trade. With this massive risk reward ratio, this setup is surely a trade to take.
Good luck
USDCAD LONGI believe this pair is in an up trend with the dollar 💵 index DXY. USDCAD pulled back last night, so I’m going to try and join this continuation.
USDCAD LONG USDCAD has clearly made inverse heads and shoulders pattern and we expect price to push to the marked zone . Another possible re- entry will be when price breaks above the marked resistance which will now become our support .Trade will only become invalid if usdcad comes back to our right shoulder .
USDCAD BULLISH BUTTERFLY USDCAD now at the potential reversal zone of a Bullish butterfly pattern. Expecting prices to go higher
we are still on bullish move for USDCADUSDCAD still uptrend. After its retest level we will look for buy set-up.
USDCAD : Appropriate time for SELL ?USDCAD price fell down from the upper line of the channel since last few days and it's struggling with the bottom line of the channel which is also the least price of USDCAD since April . It's strongly believed that if the price manage to break the support line (which is near 1.337) sharply , then we have right to enter to short position .
USDCAD expecting to continue bullish momentum, Buy Opportunity USDCAD move in a range for almost a month. highest level of the range already break drop base drop (DBD) supply on its left. Lowest level of the range is bouncing on significant Support and Resistance. Great history to its left.
I decided to be in long position for this pair because of:
1. break of DBD on h4 time frame
2. there are bullish engulfing form as demand base, seen on h4 time frame.
Meanwhile, on daily time frame, there are a good level of SNR flip that I decided as my take profit for the trade.
My stop loss is just below the low of the bullish engulfing on h4 timeframe.
Risk : reward for this trade is 1:4.5.
TAYOR (Trade At Your Own Risk)
Nice Ranging Trade Opportunity on USD CAD - 60PIPSThis one may carry on for a while, on its way up to support, should be an easy 60, MACD and EMA's all lining up to push this one higher...
AB=CD SkyRocket! USDCAD breaks out of a falling wedge!
What are you doing selling this pair?
There might be some bear traps on the first hours of the opening tomorrow!!
DONT GET TRAPPED
Best of luck,
Felipe
USDCAD Broke into new trading zoneStrong bullish activity. Broke into new trading range. The upper trend line will be tested. Resistance at 1.37535 will also be tested.
USDCAD - IS SHORT COMINGthis is getting close to a rapid drop coming our way. watch out.
see previous chart below
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thanks
USDCAD UPDATE - watch for sellas per previous, watch out for the sell. be in it to win it :)
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USDCAD SETUP WAITING TO HAPPEN #FOREX #FXThe overall trend is slightly bullish. The CAD is fairing low compared to it's 52 week range, which may mean a reversal, which may push the price even lower.
