USDCAD (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, TP 2 , TP 3 and EXIT (SL) 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 and only enter...
USDCAD (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, TP 2 , TP 3 and EXIT (SL) 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 and only enter...
USDCAD | BEARISH REVERSAL USDCAD has formed a short term top at 1.33084 where daily closing gives a rejection candle indicating a bearish reversal sign. On the shorter timeframe, the USDCAD has shown multiple bearish sign which gives weight for further downside atleast for short term (if not reversal) 1. Formation on Head and Shoulder Pattern Head n Shoulder...
Hi traders, USDCAD is setting up for a downside move watch price action in a lower timeframe and look for short GOOD LUCK.
Based on broad-based US Dollar strength, USD/CAD has reached the 1.32 resistance area once again where some amount of bearish price action has happened. Based on that, my plan is to sell USDCAD@1.3190-1.3220 with a moderately wide stop loss above the resistance level. However, the sellers need to be careful because the chance of a price breakout above the...
Since supply have been rejected 3 times, I'm running with the BEARS 🐻 🐻❄ 😈 #LetsEat
5th-9th September weekly inside bar range confined within in the range of the previous bar. supply zone for short 1.3200-20. stop loss 1.3240, target: 1.3000
USD/CAD Sell... This is not signal... Dont risk more than 3% of your account on any trade...
USDCAD retreated from the 50% Fibonacci point back to the 0% point and it gives the pair two options, forming a Tripple top both on the 4 hour and the daily time frame falling back to the 61,8% fib point, or breaking the resistance point (purple box) which has been the top for several months now making further moves to the upside.
lets see if this resistance holds for a reversal, down to the beginning of usdcads short term up trend
Usdcad possible sell. 1.31668 there is a possible resistance level that the market can react to. If we look to the left there is a clear fake-out zone as well as our swap zone. I am liking this to sell USDCAD.
Short USDCAD a 1.3120 ,sl at 1.3175 tp at 1.2909 CAD Interest rates at 3.25% as announced yesterday I expect price to go lower.
USDCAD (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, TP 2 , TP 3 and EXIT (SL) 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 and only enter...
USDCAD $USDCAD Initial Short. This is a pure momentum signal just as are every other signal I post. ZERO other factors are considered in producing this signal. Entry reasons: USDCAD is showing momentum and confluence of mean reversion crossing up the 70 day price mean. Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and 1.5xATR offset.
USDCAD (4h) has formed a strong reversal pattern and the price has broken to the downside with a bearish engulfer. Currently, the price is below weekly support. in the new trading week, the price opened with a gap up with rejection to the downside. On the test of the neckline of the reversal pattern, the price may continue to drop. A sale is a high probability of...
Hi traders, USDCAD is setting up for a downside move watch price action and look for short GOOD LUCK.
ENTRY OPPORTUNITY Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on...
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a USD/CAD Sell. Enjoy the day all. Cheers. Jim