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Usdcadanalysis

11 RR Sell Setup for USDCADCore Analysis Method: Smart Money Concepts Based on the Smart Money Concepts methodology, we have identified a strong demand zone on the daily timeframe, which has once again given a strong rejection, changing the price character from bullish to bearish on the H1 timeframe. 😇 7 Dimension Analysis Time Frame: H1 Swing Structure: Bearish CHoCH from higher timeframe zone rejection. Took inducement and now ready for a corrective swing move with its 1st pullback. Internal structure turned bullish for a correction towards extreme and decisional POI (Order Flow or Order Block). Preferred POI: Order Flow in the Premier zone of the swing. Entry Model: Regular SMC. Daily Resistance: Supply zone where sellers still have full control, with the 3rd breakout attempt failure. Pattern: 🟢 Chart Patterns: Reversal: Head and Shoulders pattern is clearly visible and completed. 🟢 Candle Patterns: Observed multiple reversal candlestick patterns on the daily timeframe, including Doji, Long Wick, Engulfing, and Dark Clouds. These patterns indicate strong bearish momentum at the level. Volume: 🟢 Very massive volume observed on the daily timeframe right before and after rejection, with the price reacting bearish. This is a strong indication for a sell position. Momentum RSI: 🟢 Price is in the bullish zone yet, but strange things are noted in terms of momentum on the daily timeframe. 🟢 Strongest 3-candle divergence and loud moves. According to Andrew Cardwell's method (used for momentum analysis with RSI), loud moves are almost 90% confirmed moves. Volatility Bollinger Bands: 🟢 After one of the longest contraction phases, the breakout to the upper side was unable to give the expected move and was rejected after a squeeze breakout. 🟢 Walking on the band took a rejection with a head fake, indicating strong bearish control here. Strength ADX: Neutral Rating: ⭐⭐⭐⭐⭐ Entry Time Frame: H1 Entry TF Structure: Bearish CHoCH POI: Waiting for mitigation Decision: Sell limit order with extreme risk (as per my money management strategy). 🚀 Entry: 1.3855 ✋ Stop loss: 1.3955 🎯 Take profit: 1.2818 😊 Risk to reward Ratio: 11 RR 🕛 Expected Duration: 45 Days SUMMARY: Based on the comprehensive analysis using Smart Money Concepts, a sell limit order at 1.3855 with a stop loss at 1.3955 and a take profit at 1.2818 is recommended. The setup shows strong bearish indications across various parameters, making it a high-probability trade. The expected duration for this trade is 45 days with a risk to reward ratio of 11 RR. If any one want learn this type of analysis can contact
Short
by Optimum369
UsdCad- Will it finally break 1.4? (Swing trade idea)USD/CAD is currently trading around the 1.3850 resistance zone, a level that has been tested repeatedly since September 2022, each time resulting in a decline. However, this year, after testing this resistance, the bears haven't managed to push the price down to its previous support levels. Instead, a higher support has formed at 1.36. The recent rise from 1.36 has been impulsive, suggesting strong upward momentum. This leads me to believe that a break above the current resistance is likely, potentially pushing the price above 1.4. In conclusion, dips towards 1.37 should be considered buying opportunities, aiming for a favorable risk-to-reward ratio with a target around 1.41.
Long
by Mihai_Iacob
4
Liquidity sweptLooking at this from the daily timeframe we have swept liquidity, printed a doji candlestick with a bearish engulfing candlestick as a follow up. We now have a shift and price made a flip to initially respect the breaker block. With the breaker block activated, liquidity was generated and we have a bearish bias. Looking for price to make a minor pullback in order to liquidate the liquidity and simultaneously mitigate the supply zone at 1.38390 for selling opportunities. In this trade I’m looking to risk 20 pips in order to accumulate 100 pips, so I have my stop loss at 1.38590 and my take profit at 1.37390. This has to be monitored, should the supply zone be respected, the I’ll take partials and move my stop loss to break even when price breaks the swing low at 1.37900. So I’m anticipating a 1:5 trade with a cautious approach of locking profit…
by tokelohomi
1
USDCAD - UniverseMetta - Analysis#USDCAD - UniverseMetta - Analysis The price on D1 may begin to form a rebound from the border of the level on W1, which may indicate the beginning of a corrective movement, globally to levels of 50-60% of the impulse, if we consider the level we can reach 1.36918. If we consider H4, we can see the formation of a 3-wave structure in continuation of the downward movement. To cancel, it is better to consider fixing it abroad or breaking the high on D1, since the upward movement may continue. Target 1.38046 - 1.36918
Short
by Trade-U-Metta
USDCAD → Trade Analysis | SELL SetupUSDCAD forms a false breakdown of resistance, reached the resistance zone, but was subsequently pushed back down. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
1
7 Dimension Sell Setup For USDCAD Core Analysis Method: Smart Money Concepts 😇7 Dimension Analysis Time Frame: H1 1: Swing Structure: The market is basically in a bearish to sideways zone. After the last lower low, there was no significant corrective swing move. With 4 pullbacks, it has almost reached the extreme POI OB at the Premier area of the structure. 🟢 Entry Model: ABCD A strong resistance or demand zone has already formed at this level. 2: Pattern 🟢 CHART PATTERNS: Reversal: Double top at the demand zone makes this very appealing for sellers. 🟢 CANDLE PATTERNS: Momentum: FOMO candle indicates last players or profit-takers are active. Dark cloud cover at the top of the move. Tower top candlestick pattern is also complete and respects the market. 3: Volume: Very high selling volume observed at the top. After an inside correction, there is no volume when the price goes up for another move, indicating no buyers are interested. So, we can see sell opportunities here as every swing shows a decline in volume. 4: Momentum RSI 🟢 Surprisingly, the market is in a super bullish momentum zone with no signs of range shift or divergence. In terms of momentum, there is no single sign for a sell, which is strange here. 5: Volatility Bollinger Bands 🟢 Contraction is fully held yet and everything supports a bullish view. It’s confusing as there are no bearish signs in volatility terms. However, a bearish M pattern is forming, though it's not a strong sell signal at the start. A band puncher is also in place. 6: Strength: Bulls are in power yet. 7: Sentiment: The market does not give us any proper signal yet. According to price action, there is a bearish setup, and volume supports it, but momentum, volatility, and strength do not. It's better to wait for a proper setup. I favor bears but only after further confirmations. So, I am going to check the lower time frame (M5). ✔️ Entry Time Frame: M5 ✅ Entry TF Structure: Corrective ✔ Entry Time POI: Mitigated ☑️ Trend line breakout: Done 💡 Decision: Sell 🚀 Entry: 1.3766 ✋ Stop Loss: 1.3780 🎯 Take Profit: 1.3650 😊 Risk to Reward Ratio: 7RR 🕛 Expected Duration: 4 Days SUMMARY: Analysis supports a cautious sell position based on Smart Money Concepts methodology, pending further confirmations due to mixed signals in momentum and volatility.
Short
by Optimum369