USDCAD - Daily Trade Idea - 22-Jul-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.
Usdcadshort
USDCAD - Daily Trade Idea - 21-Jul-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: Weak Order Block ⁉️After successfully predicting the collapse to complete compression, we are now faced with a weak order block again.
The rejection is poor and the lack of volume is likely attracting many buyers to trap.
I would like to see a lure, followed by a total collapse to wipe the order block zone.
I will keep you updated.
USDCAD - Daily Trade Idea - 20-Jul-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.
Tue 19th Jul 2022 USD/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a USD/CAD Sell. Enjoy the day all. Cheers. Jim
USDCAD: Weak Demand 🚨When price gets delivered to a demand zone in a compression format, It usually means a liquidity grab is coming.
Price could either fall through the demand zone aggressively OR gives buyers an initial lure before dying off as illustrated.
Either way, this is a great pair to watch today!
Let me know what you think in the comment section 💬
USDCAD - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on the chart.
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments respectful.
Thanks for your support....
USDCAD - Daily Trade Idea - 18-Jul-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.
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDCAD
USDCAD is currently going UP. This is because the CAD is quite WEAK and the US CPI DATA is very POSITIVE. Currently, MARKETS OVERALL RISK is being OFF. For that reason, we can see that CAD is becoming quite WEAK. They are currently working to make the USD STRONG with ECONOMIC DATA. Therefore, according to today's US ECONOMIC DATA, STOCKS can go down again.
But now USDCAD is getting quite BUY. Anyway, based on the price of USDCAD, we think that it will go back up to the 1.3320 level due to some market sentiment given by the FED and ECONOMIC DATA.
USDCAD | MORE UPSIDEUSDCAD has given a breakout from the most important resistance of 1.30780 where the price was unable to cross it for most of the time.
Recently we saw a consolidation (box) before a breakout and upside targets are achieved.
Now we still think the upside potential is there and the price can go high from here
Trade your levels accordingly.
USDCAD - Daily Trade Idea - 15-Jul-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 - Daily Trade Idea - 14-Jul-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....SHORT (120 PIPS)ON 5th July, USDCAD experienced a long bull run during the London session. Afterwards, USDCAD has been having some complications in giving back those orders, but the closure of last week's market and the opening of this week formed a double top formation, giving us a bullish reversal. Hence I'm shorting this trade.
NB: USDCAD will fall for 500 PIPS!!!.....its all about patience.