KudaChenjerai

KudaChenjerai

Take a look at the 4 hour timeframe, considering this as a rising channel, l'm expecting the price to follow the rising channel and re-bounce from the lower boundary of the channel, price has rejected the price zone around 1.2490 and this shows buying pressure , price 1.2660 maybe our target profit area, the supply zone around 1.2550 has shown to be...

KudaChenjerai

Good day traders, this morning l see Usdcad having high bull power from the weekly demand zone, currently we are at that weekly demand zone, and the pair is showing signs of buying pressure , place your stop loss at 1.3308 and take profit at 1.3621 , consider also placing a trade now if you are confident or wait for a confirmation such bullish signs.

KudaChenjerai

Consider the demand in an hourly timeframe and how the gbpusd is having a good negative correlation with usdcad, l see this pair selling whilst usdcad goes up, l would wait for the pair to show some bearing signs at the demand zone around the price 1.2648 and stop loss is at 1.2675 and take profit at 1.2486, as l said lm waiting for a signficant bearing sign and...

KudaChenjerai

Take a look at this trend following chart, the usdcad pair is definitely showing signs of bullish strength in the weekly bullish trend, l'm expecting to place my stop loss at 1.3577 and my take profit around 1.3850. Before placing the trade now, l would like the pair to retest price around 1.3638 or even show signs of bullish candles and weakness in bearing...

KudaChenjerai Updated 

Take a look at this chart, l have analysed the pair from monthly to 30 minute time-frame, the pair shows signs of bearish strengths at the supply zone , there is a huge rejections at the top and this indicates a possible short opportunity, most swing traders would place stop loss above the supply zone around 1.2507 and take profit around 1.2395, But l'm waiting...

KudaChenjerai

I see a potential long trade on the USDCAD, This trade is basic theory. Buy at a good demand zone. We see the Pair approaching the demand zone and its good time to place a trade , especially when the demand has been time tested and proved to be strong.

KudaChenjerai

Just decided to take a look the 1 hour time-frame. This is interesting the pair is having bullish momentum from the major monthly demand zone, The pair is also having high pressure from the Daily Supply zone, Buyers and sellers are fighting Between 1.263 and 1.227. This shows that currently we have massive uncertainty where the Pair might go in the daily and...

KudaChenjerai

Technical Analysis The usdcad Pair has shown signs of bullish moment in the 4 Hour time frame , The pair is rejecting the support area and its showing signs of further longs in the daily and 4 hour timeframes. Take a look at the 4 Hour chart description below. in the weekly timeframe l see the Pair approaching the resistance level, My trading plan is to wait...

KudaChenjerai

Take a look at this trade lm seeing a potential short trade after the pair has made a small rally towards resistance and some couple of rejections, lm also placing my short trade upon confirmation , and also allow my stop loss to be above resistance ,

KudaChenjerai

Take a look at this trade , lm expecting to place a long trade this major support , i see the pair has managed to approach the support , l will wait for a good trade opportunity such as good pullbacks and a good rejection, place stop loss below support level .

KudaChenjerai

Take a look at this trade , lm expecting to place a long trade this major support , i see the pair has managed to approach the support , l will wait for a good trade opportunity such as good pullbacks and a good rejection, place stop loss below support level .

KudaChenjerai

Take a look at this trade lm expecting to sell from resistance and to go short upon further confirmation, lm expecting to go short after the pair approaches this major resistance in a daily time-frame , l see this resistance as major because price has respected this area for the past weeks.

KudaChenjerai

Take a look at this trade lm expecting the pair to go short from the top boundary , upon further confirmation lm expecting the pair to respect the top boundary , however lm expecting to trade it upon further confirmation , and also place stop loss above top boundary.

KudaChenjerai

Take a look at this trade lm expecting the pair to go long from the support area , this is a trade placed upon confirmation considering that we have already approached the major support and we are expecting the pair to approach the resistance . place your stop loss below support level .

KudaChenjerai

Take a look at this trade , lm expecting to place a long trade this major support , i see the pair has managed to approach the support , l will wait for a good trade opportunity such as good pullbacks and a good rejection, place stop loss below support level.

KudaChenjerai

Take a look at this trade lm expecting to sell from resistance and to go short upon further confirmation, lm expecting to go short after the pair approaches this major resistance in a daily time-frame , l see this resistance as major because price has respected this area for the past weeks.

KudaChenjerai

Take a look at this trade , lm expecting the trade to go long , repetition is key , the pair is supposed to reject the lower support or boundary and place stop loss below boundary level, decrease the stop loss when the pair has reached the price 1.36685 .

KudaChenjerai

Take a look at this trade lm looking for long trades from this position , lm looking for the pair to go long after rejecting the major support area , lm seeing a great opportunity from the major support area and lm willing to place a suitable stop loss below support area that is if price has approached support