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Usdcadshortsetup

USD/CAD Trading in Descending Channel.Hello traders, USD/CAD is trading at 1.2692. The price is trading in downward resistance and support channel, it can go further down from here. As the price has given a small pull back now it can continue its down trend and its target price will be at 1.2548. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
USDCAD 1.273834 + 0.33% SHORT IDEA * PRICE ACTION & CONTINUATIONHey everyone Here's a look at the DOLLAR / CAD from the 4H chart, hope you guys are good and having a good one, the pair has been trading inside a bear flag / descending channel possibly signalling continuation with the bears, we saw a break above of this structure but seems it was a false breakout as we see structure hold and looking for continuation with the bears targeting both my FIB EXT'S. many stars must align with the plan before executing the trade, kindly follow your rules. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it. HAVE A GOOD ONE!
Short
by PULEMokhothu
USD/CAD Moving in Downward Channel.Currently, USD/CAD is trading at 1.3124. The pair is trading in downward resistance and support channel and it may reverse back from here, as the price has already touched resistance level. The price may rebound back to the support level if it doesn't break the resistance level at 1.3140. If the price goes below 1.3068 level then it may touch the support level at 1.2954. Do have a closer watch on this pair usually channel trades give a good risk/reward ratio. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
GoldCartel - USD/CAD Follow up analysis - BIG TradeI reckon, if it can stay below the resistance/trendline, USD will fall deeper into the next potential target. Catalyst: - Trump's tariffs on Canada will backfire by hurting the U.S. economy more. - Canada added 419,000 jobs in July as economy reopened - CAD Jobless rate of 12.3% - Potential Descending triangle on the daily time-frame, it was a breakout and retest PS: I'm too busy with my clients, and I'm not going to post any updates.
Short
by GoldCartel
3
USDCAD SHORTPlease note we have posted a BUY Idea on 1H time frame. (refer related idea) The 4H USDCAD looks bearish currently going up to retest the trendline as well as the Daily resistance which is strong enough to reverse the price. Fundamentally, USD has displayed some temporary strength which could last only until the daily resistance. The First target is immediate support, second target is the next major support. If you like our ideas, please support us with a like, share, follow, and comment
Short
by Fx_TradingCircle