USDCAD very strong uptrend, the pullback will happen I hope the pullback will happen soon, This type of vertical trends are rare, - the types with 0 pullbacks.
CADUSD trade ideas
NEW IDEA FOR USDCAD In the four-hour timeframe, USD/CAD has crossed the resistance range of 1.3645-1.3622, and now it seems that the 161.8% Fibi resistance is targeting the 1.3788 range.
USDCAD Potential pullback from rather STRONG consistent upsideThis is day 4 of USDCADs rise with no reasonable pullback, and by reasonable I mean at least 30%. There has been none yet. I set a sell stop order as you can see, price has to reach there for it to get filled for the sell. Lets see. I am doing my best to gather honest statistics for myself and my viewers.
waiting for selling scalping for usdcadthe wave wxyxz is finished now we can waiting for seeling confirmation
my usdcad bias price might take out that high and turn bullish, hence coming back to take out that structural liquiidity before continuing the trend upwards
USDCAD ShortWaiting for a confirmation of a potential liquidity run on USDCAD. Will look for an entry after a bearish pin bar or engulfing after breaking the highs of the previous swing point.
Bullish Breaker on USDCADEntry is taken from the last swing high that took out the old low
in the last bullish rally, there was a maintenance of structure around the 'last swing high' and turtle soup formation on breaking that structure which currently lie around 62 - 70.5 fib levels from the top during yesterday's NY Open
USDCAD ShortUSDCAD looks like a sell on the H4 and has been moving steadily down from my last entry in UC. I believe that there will be a potential double top move looking to move towards the 1.35800s towards the 1.35371 prior to a pullback or further breakdown of the pair. I am looking for this mainly to be a day trade, however, I will also be placing a swing trade for my other trading accounts to bare in mind to also use PROPER risk management. RSI also indicates that we are long overdue a major short and will see it within the next few candles how far USDCAD can go.
ENTRY: 1.36595
TP 1 (Day Trade): 1.35371
TP 2 (Swing Trade): 1.34806
SL: 30 pips from entry
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USDCAD Might Retrace Its Bullish ImpulseAfter the recent rally, the USDCAD currency pair is showing the first signs of weakness and the RSI is bearishly divergent.
The price has fallen below the VAH of the recent upward movement.
We therefore expect the POC of the last impulse to be reached.
Bullish run on usdcadUsdcad appears having a bullish run forming a partial butterfly in the coming days. Entries @1.36000 may push buyer until 1.38000 with intermittent retracements. Lets watch until this position is invalidated then take existing profits.
10/8/24 - USD/CAD SHORTprice above ema on multiple higher time frames but there is counter trend short forming.
will only consider a long position if price breaks above the noted zone.
will continue to monitor for the BOS to confirm short for NY session.
USD/CAD Ready To Go Up Very Hard , Are You Ready ?Risky Long Setup On USD/CAD Depend On Price Action , Today Or Tomorrow It Will Go Up After Big Movement To Downside Without Any Correction . If We Have A Good Daily Closure Above This Supp And New Res , It Will Be A Good Chance To Buy It !
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
USD/CAD Fully Closed +400 Pips , Did You Enter ?All Our Trades On USD/CAD Hit Final Target , 0 Drawdown , Now i`m searching to find the best place to can sell it , will update it when i have a good entry .
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
USDCAD View!!The dollar eased from near seven-week highs against major currencies on Tuesday after investors assessed the outlook for U.S. rate cuts, even as the conflict in the Middle East continues to support the currency's safe-haven appeal.
The euro
EURUSD
inched 0.1% higher to $1.098575, not far from the seven-week low of $1.09515 hit last week. The pound
GBPUSD
edged 0.1% higher to $1.31005, after hitting a three-week low of $1.30595 on Monday.
Traders have drastically shifted their expectations of monetary easing from the U.S. Federal Reserve this year. A strong jobs report last week gave credence to Fed Chair Jerome Powell's comments that the central bank would stick to its usual quarter-percentage-point rate reductions after it began its easing cycle with a big cut in September.
USD/CAD Poised for Key Resistance Test and Potential BreakoutHello,
The USD/CAD has experienced significant upward movement recently and is positioned for further gains. Key resistance levels on the 1-month and 1-year charts are likely to be tested. If the price settles above these levels convincingly, we could see continued upward momentum. However, if it fails to hold, we may see further tests of support levels.
TradeWithTheTrend3344
UC SHORTSlooking for a repeat of prior shorts to take place/ decent looking setup with good R.R if it plays out
USDCAD 2-hour cycle short sellingThe first target is to look around 1.35270,reduce the size of the warehouse by half,and promote protection.
Look around 1.34222 for the second target position,then halve the position and push for protection.
If the price does not break a new low in the later stage,find opportunities to enter the market and go long.
USDCAD Prime rejection on a double top and a Death CrossUSDCAD hit the 0.618 Fibonacci level of the 2 year Rectangle pattern and so far is on a Double Top.
The 1day MACD is forming a pattern similar to a previous 0.618 Fib Double Top in May 2023.
In the meantime, a 1day Death Cross is formed, exactly like on June 1st of that previous Double Top pattern.
This is a strong bearish mixture and on all cases the target has been at least the 0.236 Fib.
Sell and target 1.33000.
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Why I'm Going Short on USDCAD: Analyzing Market ConditionsKey Reasons for a Bearish Outlook
1. Economic Differences: The U.S. economy is doing well, showing strong growth, while Canada’s economy is struggling. This usually strengthens the U.S. dollar against the Canadian dollar.
2. Oil Prices: Canada’s currency is closely tied to oil prices. If oil prices stabilize or drop, it could weaken the Canadian dollar further, especially since Canada’s economy isn’t performing well.
3. Central Bank Policies: The U.S. Federal Reserve might lower interest rates, which could attract more investment into the U.S. dollar. Meanwhile, the Bank of Canada is likely to stay cautious due to weak economic data.
Given these factors, I believe there’s a good chance for USDCAD to move lower. I’ll be using probabilities to guide my short positions and manage risk effectively.
Feel free to share your thoughts and ideas in the comments below!
12M:
On the 12M timeframe, there is insufficient data available. Therefore, we will move to lower monthly timeframes to identify a valid range and look for FB mitigation.
1M:
1D:
1H:
USDCAD: Short Trading Opportunity
USDCAD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short USDCAD
Entry Point - 1.3607
Stop Loss - 1.3642
Take Profit - 1.3535
Our Risk - 1%
Start protection of your profits from lower levels
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USDCAD OverviewThere’s a bit of a range forming between two key Order Blocks (OB), and both sides seem to have a case. On the bullish side, price could move up to the OB around 1.3720, where I expect strong resistance to come into play. That could present a solid area to look for shorts if the market reacts as expected. On the other hand, if we see a failure to hold current levels, price could drop towards the lower OB around 1.3480. This area might attract buyers, and it would be a good place to watch for potential long entries. The key here is waiting for price action around these levels to guide the next trade.
OANDA:USDCAD
