Short USDCADWhat I think about this pair...my confirmation of sell will be the bear flag as a continuation pattern to say that Traders are committing to the sell
Usdcadshort
USD/CAD :: Below the trend line .USD/CAD :::
The trend line (yellow line) has just been broken, which means that the continuation of the path will be below this line, but it is still possible to return to this line, and after that the fall is confirmed.
USDCAD ShortShort opportunity to daily target of 1.32237. A recent bullish BoS on the daily chart is typically followed by a retracement. Having identified the turning point on the 4h (M formation/Double Top), I'm looking to short at the 50% level of the last up move of the M formation.
USDCAD - More STOP LOSS HUNTING More STOP LOSS HUNTING is currently still happening. Price has been take to the 1.38500 zone for the 3rd time. This has given us a perfect RISING WEDGE PATTERN - a BEARISH SIGNAL. The 1.38500 zone is where market-makers are taking out STOP LOSSES. Their real intention is to SELL.However, that won't be made obvious.
We have jumped back in with SELL ORDERS. We aim for the 1.36400 zone to be broken again so that price can continue dropping to my anticipated TP at 1.30000. This is a long-term play.
REMEMBER: PATIENCE, PROPER RISK MANAGEMENT AND HIGH LEVELS OF TRADING PSYCHOLOGY PAY IN THIS BUSINESS.
USD/CAD SELLMost Bullish Targets been hit - Last Orders @ 1.4000 - PPI significantly lower than expected, FOMC tomorrow - 300m @ 1.35 - Targets @ 1.35 - Wait for Structure Breaks & Volume, Bulls not out yet - Max RR 1:4
USDCAD Short off Monthly toward 1.29250USDCAD meets its first monthly resistance test at 1.37900 since breaking through around a staggering two years ago (9 March 2020). Although the following weekly resistance at 1.46294 gave way for USDCAD to dip back below its first breakout of 1.37900 halting any further upswings.
My only concern is a scenario where price gains enough bullish strength and yet again pops off from 1.37900 for a tap all the way into the following weekly resistance at 1.46294 .
Considering a bearish pin bar has already formed on the weekly chart and consolidation ahead on the Daily, the latter idea of a bounce lower from 1.37900 toward 1.29250 is more plausible.
Update trades as these are pending orders.
USDCAD: is a Wyckoff distribution schematic on?Hi Traders,
This is my view for this week on USDCAD:
I'll be long on a Intraday perspective. I'll wait for the price to reach 1.36 area. After that let's see what will happen but, probably, 1.40 will be a key area for a reversal.
I remind you that this is only a forecast based on what current data are.
I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view.
Pit
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
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USDCADSo after USDCAD ran to the downside this week breaking a significant low, i'd expect a return to Supply(OB) for another expansion downwards.. Remember, our target is to completely fill the weekly F.V.G and tap into the demand zone below it... So i'd advice we wait for price to trade up into the supply zone before making any execution........ And wait for confirmations once price enters that zone before taking a sell.... HAVE A GREAT WEEKEND..........!!!!
USDCAD - Rising Wedge Pattern FormationWe are now seeing a RISING WEDGE PATTERN forming. This is a highly BEARISH pattern. I'm still very much BEARISH on USDCAD. More SELL trades have been placed at 1.37500. Market-maker keep taking the price above my 1.36400 zone to take out even more SELLERS and BUYERS. Their intention is to SELL BIG!!!
My 1st TP is still at the 1.30000 zone. The following week will be very interesting!!!
PATIENCE IS KEY!!
USDCAD ! NICE SETUPusdcad is holding those highs nicely even after big news from dxy that was postive now since oil is shooting up it makes cad strong so if dxy retraces down we could see a fast move down from usdcad
USDCAD CORRECTIONIf we reach the upper red box, we can look for short trades. Be careful to manage your capital and don't forget the stop
USDCAD US Dollar Canadian Dollar ForexThe US Dollar vs. the Canadian Dollar is a very popular currency pair due to the extremely large amount of cross border trading that occurs between the U.S. and Canada. The CAD is considered to be a commodity currency because of the large amount of natural resources, especially oil, that are mined and exported to southern neighbors. The USDCAD is one of the most traded currency pairs in the world.
USDCAD Demand in Control?This is for short term
Always place yor order where you place stoploss.
Wait for manipulation at the Equal High and Low Areas.
Please DYOR before entering the trade.
USDCAD setting up for a nice sellUSDCAD sentiment has been bearish throughout the entire NY session, we do have some liquidity siting below today's low, we have people who just bought and have their stops below the low, and some possible sell stops which would push the market further to the downside.
Nice retracement going on in the Asia session, looking for the downward momentum to continue, need to see a rejection in the H4 GAP / previous structure break
USDCAD - 1.36400 ZONE Last KissPrice is moving just as anticipated. It will now KISS the 1.36400 zone for the last time before continuing with the fall. The BEARISH move has PAID OFF significantly. We have moved STOP LOSSES to lock in profits and also took a great chunk of partial profits. This is what trading is all about. Spot the market-maker's moves in the market and capitalize on them!!
Learn HOW TO LOCATE WHERE SMART MONEY PLACES ORDERS.
Ride the fall with me!
USDCAD - Daily Trade Idea - 5-Oct-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 ! NICE SETUPbreak of structure happening here close would be confirmation also dxy bears are in control right
SHORT ON USD/CADPrice has broken the support area of a long term rising wedge.
Since the breakout it has retested the highs of the wedge making a double top pattern on the higher timeframes and currently making lower lows and lower highs.
The dxy is also showing weakness.
I expect this pair to fall through the day especially if the job openings reports show lower numbers than expected.
Here is the play:
Sell stop order
entry = 1.36419
stop loss = 1.36821
take profit = 1.34307
USD/CAD Made Double Top, Still Not Confirmed ,When We Can Sell ?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.
USDCAD - 1.36400 ZONE BREAK SUCCESSFULWe caught USDCAD's SELL ENTRIES spot-on at 1.38350 - where STOP LOSS HUNTING had been taking place heavily! Market-makers know exactly where to fish out traders off the market. Trade like them and you'll be HIGHLY PROFITABLE.
We are in deep profits and price is now back below my 1.36400. I now expect price continue falling. Partial profits have been taken once again. Let's sit back and watch.
PRICE ACTION AND PATIENCE ARE KINGS!!!
USDCAD sell the breakdown!!USDCAD 4h has formed a strong reversal pattern on the lower timeframe and the price currently breaking out of the previous support zone. As the market is over-extended, it is highly likely that USDCAD will reverse from this zone to test long-term monthly resistance turning support. Before, reversal, we could see a long spike to the upside and, upon rejection, a sell trade is highly probable!
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USDCAD H4: Bearish outlook seen, further downside below 1.36000On the H4 time frame, prices are approaching the support zone at 1.3600 which coincides with the 23.6% Fibonacci retracement and graphical swing low. A break and close below this support zone would provide the bearish acceleration for a further drop to the next support zone at 1.3220. The 1.3220 support zone is in line with the Fibonacci confluence levels and the resistance-turned-support level. Stochastic is testing resistance and showing bearish divergence as well, highlighted in red, signalling a potential change in momentum.
USDCAD - Daily Trade Idea - 4-Oct-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.
