What do you think? Drop your comments below. USDCAD and J Pow on the stage. what's going to happen?
USDCAD - Daily Trade Idea H1 USDCAD (LONG)- If all the support holds in place.
Pair: USDCAD Analysis: Chart Patterns + Highs & Lows + Impulses & Corrections Directional Bias: Long Type: Swing. Entry: Reversal Patterns & Continuation Corrective Structure on the LTF's. ⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not...
This setup is based on an RSI break above 70 corresponding to a recent breakout. It is positioned so that the trader can bag 2x reward to risk, but have the opportunity to ride a continuing trend if the Oil Inventories report pushes the dollar higher today. Basic trade setup with 43 pip loss and 78+ pip target gives only a 34% probability of winning, but provides...
After several rejections at the 1.3436 level, we open our sell positions to look for the 1.3320 level. The price failed to break through the resistance and the volume of buyers at this price level decreased significantly.
Thought process and analysis on the chart as notes any review post analysis on the comment section. Happy trading cheers!
The price perfectly fulfills my last idea. The price has tested the resistance level .The price, after updating highs is pulling back to support levels. The market's tested main support and bounced off after double bottom. I'm waiting for short term rollback to support and continue the bullish trend. My target is resistance at 1.36740. Traders, if you liked...
The price has crossed the resistance trend line and this shows that the continuation of the downward trend will be slow and time-consuming If the price changes in the current resistance range, the continuation of the downward trend will be formed as wave C
USDCAD chart in daily time frame. According to my analysis, USDCAD will go downwards from here.
market should sell down to zones marked, there are inbalances + fib pull back ratio
# 1.35000 has been breached and it now may hold the price as support # 1.40000 may work as a level of resistance USDCAD made a very significant breakout at 1.35000. The H4 chart shows that the price produced consecutive H4 bullish candles and made the breakout with a bullish Marubozu candle. The price seems to be having a bearish correction. It may find its...
USDCAD - Price trading inside strong bullish. Impulse Long entries can be taken once price retest the previous high region. Once price rejects that area, we can look at immediate market execution. Potential short entry with following confirmations. TP - Green Zone SL - Red Zone R:R Ratio - 1:3 ✅ Oscillator upward trend ✅ Trend catcher ✅ Above 25, 50, 100 EMA
USDCAD continues to rebound from the low level. At present, you can pay attention to the potential bearish bat pattern. The entry position is around 1.375. At the same time, this position is near the previous supply area. You can try to short it after it is in place.
USDCAD (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...
This trendline is expected to hold and send the pair nosediving!
USDCAD is going short because of the formation of bearish engulfing candle at the D point of ABCD pattern.
I think UC just reversed its trend to bearish. SL at 1.3510.
Some harmonic patterns are seen all indicating on weekly time frame bearish move .this would suggest somehow for bullish usoil .pls share your idea about this probable scenario