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Usdcadshort

USDCAD SHORTAccording to the higher timeframes (Daily, Weekly), this pair has been forming a rising flag, which is a major indicator of a bearish momentum. For the past few months, the US Dollar has an inflated price, and thus may weaken in the near future, which might make the movement of the chart move downwards. The price touched the uppermost trendline of the flag, and it has bounced significantly. The momentum looks bearish. Entry @ 1.296 Stop loss @ 1.302 Tp 1 @ 1.290, Tp 2 @ 1.284, and Tp 3 @ 1.278. R:R is 1 : 3 risking only 1% of the account.
Short
by Vapari_Inc
USDCAD, Bearish H&S, Sell Opportunity Hi Traders, USDCAD is setting up for another drop as we could see on the HTF price has moving within an ascending channel with a strong reversal impulse push down from the top of the correction. To add confluence to this set up, we can also see a H&S pattern with the R shoulder completing to indicate further downside. If we look at the LTF, we can see price is moving within a correction after the strong impulse. I will wait for a bearish confirmation before entering this sell position, target range 1.2458 Trade Safe Thanks
Short
by ktlfx
USDCAD M30: Bearish outlook seen, further downside below 1.2850On the M30 time frame, a pullback to the resistance zone at 1.2850, in line with the graphical resistance area and 78.6% Fibonacci extension presents an opportunity to play the drop. A break below our downside confirmation level at 1.2835 could provide the bearish acceleration to our support zone at 1.2790. This support zone coincides with the 78.6% Fibonacci retracement. Prices are holding below the Ichimoku cloud indicator as well, supporting the bearish bias.
Short
by T3-Consultancy
USDCAD High probability SellHi Traders, USDCAD is setting up for a sell opportunity. Looking at the HTF we can see that price made an strong impulse push down followed by a bearish correction to indicate another impulse is likely to occur. We can also see a bearish H&S pattern to add confluence to this trade opportunity. Looking on the LTF we can see price failed to push any higher and created another H&S pattern inside the HTF to tell us further downside may happen. Trade Safe Thanks.
Short
by ktlfx
Easy Short setup on USDCAD Hi Traders I have found an Easy short setup on USDCAD. The structure is similar to that of EURUSD in regards to the false breakout. I have already entered the short on this one and I am confident that price may continue to push. When looking at the weekly, We can see that price is rejecting a weekly timeframe 1.28770. If you take a closer look we can see that price has created a double top pattern and is currently rejecting the level. I am taking the position based on this. I have also drawn a wedge that has broken through and is now being retested, I would like to see price reject and then continue to push lower, The previous Bearish engulfing candle has also given me a strong enough reason to enter. My target is based on the obvious support level at 1.27700 where I will take my full position off the table. Looking at the flip side If price breaks above the 1.2875 level I will be out of the trade. Remember to plan your trade accordingly and do not over risk on your positions. Renaldo Philander
Short
by Tradebudz
Jamie Gun2Head Idea - Selling USDCADTrade Idea: Selling USDCAD Reasoning: Price stalling near trend line resistance, current trend remains bearish Entry Level: 1.2874 Take Profit Level: 1.2760 Stop Loss: 1.2901 Risk/Reward: 4.22:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
USDCAD H4: Bearish outlook seen, reversal below 1.2890On the H4 time frame, prices are approaching the resistance zone at 1.2890, in line with the Fibonacci confluence levels where we could see further downside below this zone to the intermediate support target at 1.2780 which coincides with the graphical support. A break below the 1.2780 intermediate support target could provide the bearish acceleration to the support area at 1.2680. Prices are holding below the Ichimoku cloud indicator as well, supporting the bearish bias.
Short
by T3-Consultancy