USD/CAD Multi-Timeframe & Order Flow AnalysisHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Usdcadanalysis
USD/CAD SETUP UPDATEHey Guys!
There was a new long trade that formed this week, possibly resetting the weekly bias. Therefore, this bias is reset back to neutral at this point.
In this post I explain what's been happening on this weekly bias for the last couple of weeks, and moreover explain why this bias is reset at this point.
That's it! I'll keep you guys updated!
Ken
USDCAD Bullish Continuation?
Hello Traders,
on the daily chart price is in a channel. After a bounce from the daily keylevel (white box) we have now reached a 4h key level(blue box).
If we break this level I am expecting a retest and a continuation to the above daily keylevel
Any feedback is appreciated, specially if you dont agree.
Thanks
USDCAD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here I am looking for a long position as we are in a bullish market structure on daily. My point of interest is bullish order block and imbalance filled after price took sell stop liquidity. Then I will look for a confirmation on lower timeframe.
Like, comment and subscribe to be in touch with my content!
USD/CAD bounces off Support level, time to go long?Hello traders, USD/CAD has bounced off the long-term support level that I have highlighted in my chart.
We can see the formation of Bullish candlestick pattern in the Support level that gives us a significant
reason to consider long entries in USD/CAD.
That being said, I would recommend traders to wait for a better entry before going long to minimize the risk.
1.3274 appears to be a key level to go long with SL moderately below 1.32 level and TPs at 1.35 and 1.37
respectively.
UsdCad- Strong support is near. 1:4 R:R could be achievedSince October 2022, UsdCad is trading, more or less, in a 500 pips range.
At this moment, the pair is approaching the lower boundary of this range and this could offer us an opportunity to go long with a tight SL and 1:3 or 1:4 risk:reward depending of entry
buying opportunity in USDCAD -fundamentally we have a strong USD compared to CAD
considering the banking crisis stabilizing and predicting a higher chance for a soft landing for the fed
-on the technical side :
we have reached a a key level in the Daily and the 4H timeframes ,
RSI divergence in 5\15min timeframes,
double bottom break in the 15min timeframe
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD
USDCAD is now quite BUY. The dollar started to strengthen slightly because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA.
We think it will go up to 1.3585 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.3300 LEVEL in the future. FOLLOW THE STRUCTURE GIVEN.
#USDCAD- LONGHey Eveeyone, hope you are doing great, USDCAD has been bearish since last week due to CAD being extremely bullish. So what we are looking at right now with USDCAD is we expect this pair to drop a bit more as now more buyers will come in the market and more likely stop hunts will begin.
GOOD LUCK and Trade Safe!!!!
USDCAD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD Very Strange Set-upTLDR:
Odd stuff goin on...
Just buy at 1 (Red Line Green Dashed Line), 2 (Next Redline Blue Dotted Trend), or 3 (Last Blue Dotted Trend Line, Last Red Dashed Sub Level), with 38 pip set stops at each one...
12-19 R trade using green "Profit" Line as target...
Long Form Description & Explanation:
I have been staring at this chart all day, and until about an hour ago, it made no sense. I started applying a theory I have been using very effectively with the euro, that basically studies how a trend/move is only relevant to itself. Each line is the exact same angle, all parallel channels.
What's extremely odd is what I see on the daily chart. It is making an upwards channel, which in itself is not very out of the ordinary. What is strange, is the distance between the breakout, and new lines in the consolidation between flip zone A (Future potential support, resistance in the trader eye right now) It lines up very much as if it will create the exact same channel, right on top of itself, in the same way, as it continues to climb.
If you measure the distance of the channels, they are 500-535 pips wide (very similar). The absolute peak of the last channel is the center line of the new channel. If you turn your head sideways, it looks like a sideways market behavior, as any other pair would do, just on an upward slope. only using flip zones to react from, and the angled lines are support and resistance.
In simple terms, think of the trend lines as horizontal, and the flip zones with red centerlines as you would observe a trendline, and imagine this channel was sideways. Basically flip your thinking on what each is supposed to do.
Looking to take a long trade and be a part of this oddity, around the sub zones and trend channel extreme areas. Could have an entry from either (1) (2) or (3) as the trendline. I say this because observe how the price reacted each time it crossed lines. If we follow support patterns, usually the middle touch is the deepest, with the touch before and after coming close but no cookie. With that thinking, I expect the most likely entry to come from point 2.
Despite this, because of the odd set up, I intend to just place a stop loss trade entry at each level, using set 38 pip stops. This one has a lower pip value so the stop can be rather larger than most pairs and not be as significant for the size used. I also pick the 38, because of the pairs ATR value on the 1 hour chart. This also tends to fit quite nicely with the price pattern as if the 38 pip is broken below the trend line currently, it will step down to the next. The trend lines have a range of about 90 pips, so this will allow a proper entry at each level with insane risk for the attempts, as the stop from the first entry would have to be about 70 pips off entry to not try from any other point, and stacking in will be unnecessarily risky, because we are in the middle of a range market condition looking at it like normal. Still, this would be the better place to buy over sell, but mind the distance to the next flip zone (C) It is almost 350 pips away. If All entries get stopped out, there's 250 pips left to the bottom.
If this does continue, as peculiar as it is, I will use the green line as a guide for taking profits, as it is the beginning of the extreme of the channel, should this be a new channel forming. Ultimately I'm targeting the 1.40-41 range in the end. Depending on the entry we get, the R for the opportunity will range from 12-19 R, a fairly large one. This trade may take time, but I believe what I see will play out similar above the older channel. It is about the only thing that makes sense, with the violent actions up then down, but strange repetition of holding trend lines as strong support over zones.
Most likely outcome is a response from point 1, the extrem line of the previous zone. This is also a flip zone, just in trend line form, and lines 2 &3 are just overlap of extreme buffer zones(where range buyers and sellers are congregating) If 1 does not work, 2 is a possibility just because pattern, but worst case I expect 3 to hold in the end and then turn upwards. I don't think we will make it to flip zone c right now, but it is also likely just a normal market expectation or behavior.
Entries with stops will be used.
Large inverted hammer off the flip zone B adds to the idea the flip zone redline at the trend line is a great entry point for this.