USD/CAD Short Trade SetupHey Guys!
The Usd/cad's weekly bias is currently short. Or in other words, price is likely to reach 1.2400 before reaching 1.3075.
In this post I explain what I'm looking for in order to enter this short set up. As well as what I'm looking for in order to confirm this weekly short bias.
That's it! I'll keep you guys updated!
Ken
Disclaimer: This is not Personal Financial Advice.
Usdcadsell
USDCAD top-down analysis, UPDATEDHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD SWING SHORTCOT DATA and PA shows the same direction for USDCAD, there is possibility to turn long at 1.2718 but we might just see a little long impulse and then keep dropping.
Overall Target is 1.2645
If price holds below 1.275 after hitting Target we could continue to 2. Target = 1.24571
Please Manage Risk
USDCAD BUY TO SELL TRADE WITH TRENDUSDCAD has been on a downtrend on higher timeframes.
Current market structure appears to be finally moving to the upside. 1 Hour has stopped making a new low and has broke structure to the upside. Lower timeframes are in a countertrend moving towards our buy position.
If price breaks below current low, trades cancelled and we wait for next opportunity.
Higher timeframes bearish
Lower timeframes bullish
Buy to Sell, trade with the trend.
USDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD SELL!USDCAD has been trading within the confines of a triangle pattern since Jun last year and it looks like the pair is not yet ready to break to either sides!
At this point , i expect the pair to test the Resistance zone of 1.29000 and then move down all the way to 1.26800. Hence , my final Target for the pair is 1.26800 !!
USD/CAD Full Analysis And 2 Short Setups After Confirmation !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Sell USDCAD at 1.2765 [26/Apr/2022]Monthly: Bearish. Market is consolidating at the moment. There is liquidty at 1.2500 area that needs to be grabbed.
Weekly: Bearish. Market is consolidatnig as well.
Daily: Price is at the Point of Interest (POI), and price seems to be making a rejection.
H1: Market made a Break of Structure (BOS) which acts a confirmation for market to drop further. Waiting for price to re-enter the POI zone before we can place a trade.
Entry: 1.2765
SL: 1.2800
TP: 1.2500
USDCAD 1.3 tap before selloff Keeping a close eye on USDCAD around 1.3 resistance area for a possible rejection and trend reversal. Also remember the overall price direction, even though there is huge profit potential always cover your trades at break even or a capped risk amount! Trend reversal areas can be very manipulating... An even better trade would be price to show a sell off then look for the right shoulder move for a continuation back down.
USDCAD top-down analysis, UPDATEDHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.