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Usdcadforecast

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
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
USDCAD Robbery plan On Bullish Side to Make MoneyMy Dear Robbers / Traders, This is our master plan to Heist USDCAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Stop Loss : Recent Swing Low using 1h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Long
by Thief_Trader
USDCAD Trading Plan - 09/Jul/2024Hello Traders, Hope you all are doing good!! I expect USDCAD to react from the highlighted zone. Currently USDCAD is correcting for another leg up, however, I am still seeing one more down after this leg up to complete bigger structure. Plan to Trade: If market gives bullish reaction at zone, I am a Buyer till 1.367 area. Look for your BUY entry setups as per the above expectations. Your follow and like will be a token of appreciation. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
USDCAD BUY TREND 04/07/2024It's been a while... Based on a detailed analysis of the 1M chart, we anticipate that the USDCAD pair will experience an upward movement. Although this analysis is derived from the 1M chart, the idea is published on the 15M chart for clarity and presentation purposes. Key Points: Trend Direction: Upward movement expected Risk Management: Exercise caution as the pair may experience temporary declines, presenting additional buying opportunities Timeframe: Expect changes within the next week Take Profit (TP): A TP line has been established. Regular updates will be provided to indicate optimal points for closing all trades Alerts: Set alerts to receive timely notifications on when to close trades, ensuring you maximize your gains and manage risk effectively We will continuously update this idea with crucial information on when to close positions. Make sure to stay tuned and adjust your strategy accordingly. Wishing everyone a happy and prosperous 4th of July!
Long
by TradeWithConfidence
5