Usdcadtrade
USDCAD - Full Analysis BreakdownWelcome traders to a free analysis breakdown.
Today I am highlighting possible trades on USDCAD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this chart helpful .
If you did like this free educational chart please like and follow the channel, there is lots more valuable content right around the corner.
Feel free to comment a pair or subject you would like me to cover next.
Trade Safe
Alpha Trading Group
USDCAD - Free Trade Analysis Breakdown. Welcome traders to a free analysis breakdown.
Today I am highlighting possible trades on USDCAD, if you any questions on the pair let me know in the comment section below.
I will be looking to take a trade on the pair if our trading rules are met over the next few days.
I would suggest keeping this pair in your watchlist to see if your own rules are met. If you take a trade from the analysis in the video leave a comment in the section below. I would love to here how your trade went.
On behalf of Alpha Trading Group,
Trade safe and ill see you all in the next video.
USDCAD - Trade Idea USDCAD -
We can see the high amount of rejection from 1.3400 key level. The only thing stopping the swing trade to the upside is the resistance level at the fib.
We can short from here back to the downside with the trade if we get rejection price action. However if the pair breaks for the reasons highlighted in the chart we could be in for a nice long trade.
Once the pair give us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this chart helpful furthermore, I hope it brings value to your trading.
If you did like this free educational chart please like and follow the channel, there is lots more valuable content right around the corner.
Trade Safe
Alpha Trading Group.
USDCAD M30Looking for a strong break or solid retest after the break, continuation trends cause many are selling via daily charts so will have a strong push up if going that way.
Will the Loonie rally continue??Hello Traders,
The USDCAD looks to continue its move lower with upcoming employment numbers out of the US and Canada. The USD has been weak with the world economy re-opening and it appears this trend is going to continue.
From a technical viewpoint, Hidden Bearish Divergence is forming on the 4H MACD/Price Chart. On the 2H, the Hidden Bearish Divergence has already formed. From a Daily perspective, the price was rejected off the 240-LMA on the prior candle. I will be watching the Daily chart to see if the price is rejected at the 240-LMA again later this evening.
Thanks for reading. If you liked my analysis, please give me a follow.
*The above is not investment advice but simply my analysis of the current market conditions*
USDCAD An Obvious BUY for the End of the MONTHMy Projection for Next Week USDCAD
Why Bullish?
- Weekly trend is bullish
- Last week's candle is a half wick red candle (showing bull power)
- Daily candles had a breakout from accumulation stage
- We bounced from 1.3840s (strong support) last week
- Strong USD News
- 4H Big GREEN CANDLES
- Retracement has started at 4H
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USDCAD H11st trade of week 21, starting with a trap reversal short for 40 pips. Stop could be placed behind structure or at a specific price depending on your trade plan and style of risk management.
USDCAD analysiswill we finally see this pair drop ? or push even higher...
there are a lot of factors in favouring its bearish descent , but the same is spoken
patience is key.
anticipate - react - execute
cheers
USDCAD update* in respects to recent USDCAD analysis...
looking for continuation to the downside when confirmation is presented - retest - respect - closure
anticipate - execute - react
cheers.
Bearish week ahead.The pair is currently bullish, but expect a reversal once price touches the the resistance area, but price can also touch the trendline resistance level.
Another Idea on USDCAD Ill be looking for buying opportunities but only if price breaks zone meanwhile market might go side ways keeping a look out on this pair.
USCAD: Are the buyers coming inthe daily time frame has built a falling wedge.
are we expecting a reversal or a breakdown.
keep an eye on the pair.
do not miss out
Fibonacci and price actionShorting off the 50% fibonacci retracement level using the pin bar as a price action signal.
Selling at market price @ 1.32019 with
# SL above the pin bar @ 1.32829 and
# TP lower down around support @ 1.30324
You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg
Join me in Forex Bootcamp for live updates using the link below.
Happy trading :)
USDCAD LongUCAD is in a clear sell on the weekly timeframe. However, the daily MACD shows the moving averages touches with a possible crossover to the upside. The 4hr shows a slight move to the upside but closely approaching the 50EMA zone at 1.311. Will look to see what price does here. Will take long position if price breaks the EMA and retests. Also, divergence on the 4HR starting at 062019 til current. Price has broken the 1HR and 15MIN EMA's but has not retested, therefore this breakout could be a fakeout. Will continue to watch price.
Change in market structure# Price has failed to continue making higher highs
# After the last bearish move price has pulled back to and pinned the 1.34505 level
# Bearish engulfing completed on D1 time frame
# Moving average providing resistance as price struggles to break through
Selling at market price 1.33759 with
# SL above the bearish engulfing high @ 1.34505 and
#TP lower down around support @ 1.31816
To learn the dynamics behind the analysis, please join my mailing list using the link below zc.vg
As usual don't bet the farm. Good risk management won't kill you but the lack thereof could!
Bullish engulfing on supportUSDCAD H4
Buy @ market price 1.33897
SL @ 1.33499
TP @ 1.34795
To learn the dynamics behind this trading strategy please join my mailing list at www.facebook.com
Always exercise good risk management. Don't bet the farm and don't invest what you can't afford to lose!
USDCAD Trade Idea# Classic breakout and retest setup. Resistance popped and price came back to test as support and print a hammer (buy signal). If you switch to the daily time frame and look at the previous high its a long way to go, so with 163 pip reward the cost of opportunity of 30 pips sure is worth it!
# I have bought at market price 1.34834
# Stop loss 30 pips below the hammer @ 1.34537
# Take profit at previous swing high seen on D1 @ 1.36465
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
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USDCAD Trade IdeaI am only looking to buy as I can see the market is currently bullish on the weekly and daily time frame.
The last bullish impulse move took place and I want to see if the pullback is a correction by testing the 61.8% fibo level.
IF a buy signal prints on the 61.8 retracement level (1.32611) I will open a buy order with my stop below support and targeting resistance.
Don't bet the farm - always exercise good risk management :)
Hit the like button if you dig it and feel free to share if you feel like it.
USDCAD - Ascending Structure H4 - BUY At Support ZoneOANDA:USDCAD
I am demo trading and documenting my progress. This is not intended to be a buy signal !
Ascending Trendline Structure on 4H
Possible Retest of 4H Support - Currently Competing M Structure - Buying At Support Zone
Buy Limit - 1.33200
SL - 1.3247
TP - 1.3617
USDCAD Trade IdeaThis is a classic example of the TLS trading system using price action:
Trend = down
Level = resistance
Signal = bearish engulfing (and a hanging man with confirmation)
Stop loss @ 1.32199 and
Take profit @ 1.30871
30 pip risk for 100 pip reward
Dont bet the farm and always exercise healthy risk management :)
