USDCAD day trade planArrows would be the trigger IF it follows to plan
Hugely overextended after yesterdays run
CAD also showing strength on other majors
Usdcadshort
#USDC Dominance looks weak, Bullish rally ahead?USDC Dominance:- The index is showing signs of weakness.
This might be considered a hint that a rally is coming across the market.
Rejection from the upper resistance as well as from the red resistance area has already been retested.
Breakout of this pattern is likely in the next few days.
IMO, It's safe to position into BTC and Alts unless it breaks and closes above 6.88%.
Hit the like button and share your views in the comment section.
Thank you
#PEACE
USDDCAD - Price Action Idea USDCAD retouch the previous high and all highs from April. The validation on 4H is a clear indication for larger banks to start selling to 1.28520.
Take risk precautions as usual. (zone to zone idea )
USDCAD next move !! Hello traders!
USDCAD is currently on the rejection line 1.30760.
We can clearly see that this pair is making a repetitive behavior.
I will be waiting for a reversal pattern on the upper TL or on this rejection line & will wait for a broken structure to take a short position.
Patience is key.
#THEPRIMES
USDCAD SHORTUSDCAD analysis update and I’m seeing it’s going to move for +100 PIPs to the downside ✅
USDCAD Set UpItching to see what USDCAD does once it touches 1.305. Will be looking for a huge sell-off or a break above. But I trade 4-hour candle closes. Price action will tell me how to proceed.
EURCAD is in bearish trendEURCAD is strongly following bearish trend. The higher and lower projections are almost parallel. It seems, this trend is not going to end so easily. If you have any suggestions, please comment below. Thank you
Hunting for the top for USDCAD by PROSHERIFFPlease don't follow this trade it could go really bad lol
Time to short again???USDCAD is pullback to broken flag now and time to short it again.
Next week we will have BOC rate hike and it will push USDCAD lower.
Also, DXY is meet the top line of his wedge and it has no momentum to be stronger at the moment.
So, I think it will be low risk trade and you can make money on it.
good luck everyone.
Trade safe.
USDCAD Down Trend.!#USDCAD Looking for Sell trade setup as I mentioned in the Chart.!
Keep Supporting LIKE, COMMENT And FOLLOW.!
Thank You.!
USDCAD Short - Dow Theory + Bearish Indicators - Week 04 03USDCAD Short position on basis of LHs and LLs as learned in Dow Theory and on basis of bearish indicators in the bearish trend.
- Bearish Insidebar candlesticks pattern has been marked on last LH.
- SL is last LH
USDCAD - Daily Trade Idea - 5-Jul-22USDCAD (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 if we have the final confirmation for entry.
USDCAD Following daily downtrendShorting due to the recent double top, already begun making downward trend, just jumping on it.
USDCAD Double top formation indication short 1.2710#usdcad, 13th-17th weekly bullish bar formed double top. 20th-24th weekly inside bar range confined within the previous bar range. weekly bar 27th-1st July insurance bar. weekly chart setup indication for weakness ahead for target 1.2710. even if breaks 1.2710 then next level is 1.2570 but 1.2710 is ideal profit taking level, expecting range before break 1.2710 support level.
USDCAD DAILY!Hello Traders !
As you can see, USDCAD has a repetitive behavior on the upper trend line on the daily chart.
On the lower time frame (4H, 1H) I will be waiting for a continuation pattern for more downside.
If the price went higher, I will be focusing on taking a reversal pattern on the upper TL.
#PATIENCEISKEY #THEPRIMES #SIMPLICITY
USDCAD time to sell
after the creation of the reversal figure ''Double Top'' we wait for the break of the neckline and the closing of a candle above it after we can take the sell position
USDCAD - Daily Trade Idea - 4-Jul-22USDCAD (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 if we have the final confirmation for entry.
USDCAD seems BearishThe market of USDCAD made fake breakout to descending trendline and now moving downside. I believe USDCAD will fall more. Better to look sell opportunity on it.
Next Move On USDCAD?Hello traders!
Lets talk about USDCAD .
Since August 2021 we can clearly see that we have an ascending channel followed by a repetitive behavior till present.
Currently the price touched a rejection point at 1.30759 and broke an ascending channel on the 1H chart signaling a reversal of the price.
When the price moved lower, it formed a bearish flag and I executed the trade.
Currently the price might be forming a bearish flag for more downside continuation.
#THEPRIMES
USDCAD Sell - Downtrend ContinuationUSDCAD Sell/Short, Continuation of Downtrend.
Entry: 1.29454
1) Has lined up with golden level 0.618 Fibonacci retracement level for recent swing high
2) Top of a short term bear flag channel and short term recent resistance
Stop Loss: 1.29834
1) Above 0.786 Fibonacci retracement level
2) Just above some swing highs on Daily Chart
Take profit (3): 1.27059
TP1 1.29044
TP2 1.28235
TP3 1.27097
USDCAD Short With 2 Confluences.
As we can see the price has been moving in a bullish direction for several days. We are starting to see signs of potential market exhaustion which could signal a potential reversal. There has been a change in market structure
from bullish to bearish as we can see from the breakout of the key level. The entry for this trade was at the test of the key level and the target is set around the low of June. Risk reward currently stands at 1 to 5.8. Never risk
more than 2% of your account on any single trade.
Confluences:
1: Double Top Pattern Formation
2: Key Level Breakout
USDCAD - Daily Trade Idea - 1-Jul-22USDCAD (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 if we have the final confirmation for entry.
usdcad short 4h This signal is seen in 4 hours. As you know, the signal is not suitable for people who want to finish the transaction quickly
