USDCAD H4 2may2023This analysis is for intraday only, it looks like the temporary movement is bearish, we can take advantage of the retracement movement
Usdcadshort
W10-8 USDCAD BEARISH IDEApotential bearish entry
Dow Theory in Place: Lower High and Lower Low Expected in Place
The double top, coupled with bearish divergence (a bearish reversal pattern), breaks out the neckline at 1.35899.
The price action is forming a bearish flag, and it is expected that the price action will continue the bearish trend.
Entry, SL, and TP levels are defined.
USDCAD Chart Analysis for 1-5 May 23USDCAD upcoming week Technical Forecast as FOMC on the way to hit market, so follow money management properly
GOOD LUCK !
USDCAD SellOn Friday USD showed weakness while in other hand Canadian Dollar showed much strength. I think CAD will remain strong in next week against the USD.
USDCAD - Short#USDCAD in H4 Time Frame Setup
If the price of USDCAD breaks below the trend line, it could indicate a bearish trend and present a selling opportunity. Alternatively, if the price does not break below the trend line, it may be best to wait for further market updates and watch for a potential breakout. Remember to always practice risk management and have a clear trading plan in place before making any trades.
USDCAD IS AT STRONG RESISTANCEUsdcad is now at strong horizontal resistance and here is a sell trend line also.
If market reject from here you can sell with small SL.
If market break and close above on resistance this setup will fail.
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USDCAD 4hr TF After an uncorrected 350 pips rise, a pullback is necessary for USDCAD to swing bullish and surpass recent highs of 1.38060. I anticipate that the currency pair will react in the 1.36654 - 1.36844 area, which I find to be of high interest. Within 12 days, USDCAD has increased by 2.63%, but I am expecting a 1% pullback before it moves higher.
Several confluences, including the structure, decline trend line, incline trend line, and reversal point, suggest that USDCAD will hit the area of interest within the next two trading days. Furthermore, I anticipate a bullish -0.27 target Fib.
USDCAD - Trend Reversal - 1H TFBased on the Relative Strength Index (RSI) indicator, there is currently a divergence present. Once the first LL (lower low) is broken, it would confirm the formation of a bearish trend. I plan to enter a short trade with a 1:1 risk/reward ratio.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
usdcad short positionit looks like cad is gonna have a good short here, I'm thinking about is this demand zone can reverse the trend or not but there will be a good short position until next demand zone (light blue box)
Double Top in USDCAD may reverse the trend to bearishDouble Top in USDCAD in H1 timeframe along with bearish divergence may reverse the trend from bullish to bearish if it breaks support level of 1.352
USDCAD IN HIGH SUPPLYThis is just an analysis. If you feel it helps you and this analysis is correct, you can enter the trade at your own discretion with the appropriate volume and SL.
Expect a head and shoulders pattern ON USDCAD ON USDCAD
We expect a head and shoulders pattern, activating the decline, and direct entry of sellers
ENTER NOW OR 1.3566
SL 1.3582
TP 1.3438
USDCAD SHORTA possible retrace on 2 hour supply, sweeping all internal liquidities then proceed to sweep external liquidities down to 1.30494 demand area.
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.
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USDCAD H1 Short Hi
USDCAD IN Supply Area
Entry:1.34690
SL:1.34899
TP:1.34067
RR= 1:3
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USDCAD SHORTWe can see the chart tells that it is in downside momentum. Now, the is a 3-hour supply area that can be a possible area for another short entry between 1.34289 to 1.34397. Then goes down to the daily demand at the bottom.
Bearish setup on USDCADHi Traders,
Check this out - USDCAD could start a fresh bearish momentum, after breaking of the bullish trend.
However, with the uncertainty on how heavy FED could bump dollar this is better wait on for a break below the Triangle pattern before looking for a better short trade entry.
That is what i will do, provided that we get a solid breakdown and retest of the "Pennant like descending Triangle".
Watchout
USDCAD Short USDCAD at key resistance level. Stop loss above resistance level. Target at previous swing low. Use technical analysis tools to identify resistance level and confirm with other indicators. Manage risk and stay updated on fundamental factors.
USDCAD TradingView H1Heer is my view for USDCAD on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USDCAD Sell IdeaWaiting for the 4h Candle closure and looking to sell the retracement back to the low
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 - Sell idea for a RRR of 6:1 Hello everyone! Hope you all had a great weekend and Ramadan Kareem all.
This week we are waiting for GU buys and I noticed a great setup on USDCAD sells. Entry as mentioned on the chart for a RRR of 6:1.
Risking 1% for 6% gain.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. Good luck everyone!
Regards,
Enzo
