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Usdcadlong

usdcad analysis for this weekHEY TRADERS!! are we ready to have another Successful Profitable Trading Week!! i know i am so ready for what this week has to offer us!! as i stated last week, i was waiting for usdcad to come down a little lower to mitigate the imbalance there was shown on the higher time frames.. how ever price action started to show signs of sellers being exhausted on friday and with the weekly opening up as it has, i will be anticipating usdcad to rally here! now this happens to coincide with my analysis regarding the DXY from this past week ( we seen the DXY coming down to a significant support and then price action started creating higher lows and is what i believe to be on its wat to creating those higher highs we want to see at this area!! Disclaimer - past profits don't guarantee a future result, trading is risky and one can loose some of or all of their invested trading capital! Information shared is for EDUCATIONAL and DEMO PURPSOES ONLY
Long
by therealbinarymaster
USDCAD Long (1:36 RR)- Price initiates by coming down, forming an imbalance - Price then forms Sell Side Liquidity (SSL) which is then cleared when price goes lower (taking out SSL lows) - Price then retraces sharply back up, forming displacement on the 5m - Price forms a 3m Fair Value Gap (FVG) which occurs at a discount (<=50 FIB) - Price comes back and mitigates this FVG and this is where we go long - SL set a few ticks below the last candle that forms the Fair Value Gap (FVG) - TP set to Buy Side Liquidity highs on the 1H TF Enjoy :)
Long
by Sincityy
USDCAD fulfill my last idea Next setup?Usdcad is exactly moving according my previous analysis ( tagged ). After hitting our sell target now market is at trend support line and last H4 candle close as bullish engulfing and this is the 2nd evidence we have to buy. If market hold the support you can buy with small SL and big target. If market break and close below trend line this setup will fail. Always trade safe and must use stop loss. If you like this idea kindly appreciate with like button.
Long
by pips-makers
1
Looking for this potential set up when market opens back uphey guys, What a Week its been! we've been dominating the forex markets!! here i'm seeing a lot of confluence with usd/cad we can see price coming down to major support area with Block Flow and confluence of the Daily Trend Line Disclaimer - past profits don't guarantee future results, trading is risky! Information is shared for educational and demo purposes!! Will Keep the Entry Pending... into early next week, if we don't activate by tuesday the 9th we will Cancel entry
Long
by therealbinarymaster
USDCAD to find buyers at market?USDCAD - 24h expiry Previous support located at 1.3570. Previous resistance located at 1.3600. Indecisive price action has resulted in sideways congestion on the intraday chart. Momentum is flat, highlighting the lack of clear direction. We have a 61.8% Fibonacci pullback level of 1.3525 from 1.3640 to 1.3570. Risk/Reward would be poor to call a buy from current levels. We look to Buy at 1.3555 (stop at 1.3520) Our profit targets will be 1.3645 and 1.3665 Resistance: 1.3600 / 1.3650 / 1.3675 Support: 1.3570 / 1.3550 / 1.3525 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
USDCAD - Bullish Trend Based on the chart pattern analysis, it appears that the price is forming higher highs (HHs) and higher lows (HLs), which indicates a bullish trend. Furthermore, the Relative Strength Index (RSI) does not show any divergence currently. I recommend taking a long trade with a risk/reward ratio of 1:1 Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Long
by mansooryousafzai
USDCAD to find support at market 61.8% retracement?USDCAD - 24h expiry - Previous support located at 1.3525. Previous resistance located at 1.3600. The corrective move lower has stalled overnight and reacted higher from in front of the 61.80% Fibonacci retracement of 1.3525. We expect a reversal in this move. A move through 1.3560 will confirm the bullish momentum. We look to Buy at 1.3530 (stop at 1.3490) Our profit targets will be 1.3630 and 1.3650 Resistance: 1.3580 / 1.3600 / 1.3700 Support: 1.3525 / 1.3500 / 1.3475 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA