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Usdcadlong

USDCAD After the break of the triangle, we can now expect two targets in the ranges of 1.37496 and 1.38591. Before that, we must be careful that we have the range of 1.36995, the static resistance of the pattern, which must be broken. After that, it is very easy to reach the first target, but to reach the second target, we have 2 resistances based on the pivot points in the ranges of 1.37810 and 1.38185, which can be a reason to build a resistance range between the two harmonic targets. .
by maryammh
4
Loonie Dollar possibly aiming highAlright guys, USDCAD might be heading high, here are my reasons to expect further deterioration of CAD against USD: 1- Inverted head and shoulders pattern spotted 2- We have been long inside the falling wedge (The ABCD triangle) and we are on the brink of breaking out, although we need a daily closing price outside the upper border of the triangle 3- Let's just say that Canada felt the recession worse than USA did When to buy USDCAD? I will say it again, wait for the price to break out of the wedge however, we have one confirmation from the head and shoulders but it would be great if we just have another. What are the targets? Look at the white horizontal lines, lower one must break to pave way for the higher white line Best of luck and happy trading :-)
Long
by Uzi-Trades-Forex
4
USDCAD Long - Oil Shorts About to PayI first took a short in oil back in June of 2022. This on the heals of identifying several short-equity opportunities in "household favorites" like Tesla and Bitcoin and Mickey. It has been a long steady grind lower in oil, but opportunistic nonetheless. What oil has not yet done, is give us that really deep, nasty drop at the end of its death-grind lower (an obvious place to take profits - where everyone else tends to be too late and get burned) However, USDCAD may be telling us that move (nasty drop in oil) is nigh. Happy hunting. God bless!
Long
by ChiefMacro
1
USDCAD - Daily Trade Idea - 10-Feb-23USDCAD (LONG)- If all the support holds in place. If we see the Support 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 - Green Candle after the Red Candle. - Stochastic - Oversold Area - Timing of entry Prior / during UK / US Market Session.
Long
by onelinkFX
USDCAD - Daily Trade Idea - 9-Feb-23USDCAD (LONG)- If all the support holds in place. If we see the Support 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 - Green Candle after the Red Candle. - Stochastic - Oversold Area - Timing of entry Prior / during UK / US Market Session.
Long
by onelinkFX
1
USDCAD - Daily Trade Idea - 7-Feb-23USDCAD (LONG)- If all the support holds in place. If we see the Support 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 - Green Candle after the Red Candle. - Stochastic - Oversold Area - Timing of entry Prior / during UK / US Market Session.
Long
by onelinkFX
1
USDCAD - Daily Trade Idea - 6-Feb-23USDCAD (LONG)- If all the support holds in place. If we see the Support 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 - Green Candle after the Red Candle. - Stochastic - Oversold Area - Timing of entry Prior / during UK / US Market Session.
Long
by onelinkFX