Usdcadlong
Usdcad positioning for long- riskyPrice has not t yet triggered our previous analysis, and the market makers are dropping the pair down for.
a cheaper entry price.
Inverse head and shoulders neckline coincides with trend lines breakout zone....massive buy pressure here.
Note that TDI is still flashing sell but worty the risk 1:9 RRR if won.....we move.
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Usdcad long?The pair has approached a 4H trendline, after an attempt to break below it was foiled by the bulls, a case can be made for its bullishness.
A breakout of the descending channel can lead to more upside climatic action.
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USDCAD bottom of channelUSDCAD has almost reached bottom of 18 months long channel.
Channel is inclined upwards, with the possibility of a breakout and forming a bowl on weekly chart.
S/L and TP are being channel boundaries, here are targets
TP: 1.31189
SL: 1.24262
Current: 1.25783
In case prices reach upper bound of the channel, you may also look for a breakout instead of TP.
USDCAD - Daily Trade Idea - 2-Jun-22USDCAD (LONG)- If all the support holds in place.
If we see the Support 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.
How to Analyze The Monthly Timeframe on USDCADHey Purpose Traders. As you know I am a swing trader. Being a swing trader means I am analyzing the higher timeframes such as the monthly, weekly, and daily, to find my trade setups. In this video, I am showing you how I'm analyzing USDCAD to find my next entry.
If you have any questions, I'd love to see them in the comments below so I can answer them. Remember to be kind and enjoy your summer trading.