Next Stop 1.50Traders, what’s happening? This is a secondary BUY position I’m placing on USDCAD. I believe in this particular setup. The secondary breakout is another confirmation. Full description on the previous post, I will leave a link
CADUSD trade ideas
UDSCAD ShortFollow-up on the Nov 30, 2024 idea
The USD/CAD pair appears to be overextended, signaling a potential trend reversal on the horizon. This setup is ideal for a swing trade, with a projected duration of a few weeks to a month. Strategic entry and exit points will be key to capturing this opportunity as the market adjusts.
USDCAD - ShortUSDCAD Analysis - SHORT 👆
In this Chart USDCAD DAILY Timeframe: By Nii_Billions.
❤️This Chart is for USDCAD market analysis.
❤️Entry, SL, and Target is based off our Strategy.
This chart analysis uses multiple timeframes to analyze the market and to help see the bigger picture on the charts.
The strategy uses technical and fundamental factors, and market sentiment to predict a BEARISH trend in USDCAD, with well-defined entry, stop loss, and take profit levels for risk management.
🟢This idea is purely for educational purposes.🟢
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USDCAD LONG conclusion;
weakly uptrend. weakly support reject
daily bullback
4hr fib golden zone reject .so entry
tp is 1 day support
OANDA:USDCAD
Bullish bounce off pullback support?The Loonie (USD/CAD) has reacted off the pivot and could rise to the 1st resistance which has been identified as a pullback resistance.
Pivot: 1.4364
1st Support: 1.4341
1st Resistance: 1.4427
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USDCAD: Confirmed Bearish Trap?! 🇺🇸🇨🇦
USDCAD formed a bearish trap with a false breakout of a key daily/intraday
horizontal support.
The trap was followed by a confirmed bullish imbalance and a breakout
of the upper boundary of a consolidation range on a 4H.
With a high probability, the price will rise and reach 1.444 level.
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USDCAD H1 I Bounce off 38.2%?Based on the H1 chart analysis, we can see that the price is approaching our buy entry at 1.4366, which is a pullback support that aligns with a 38.2% Fibo retracement.
Our take profit will be at 1.4395, a pullback resistance.
The stop loss will be placed at 1.4341, which is an overlap support level.
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USDCAD - Bearish Breakdown and Fibonacci Retracement After price failed to produce a new high above the 1.44675 level, it suggested a potential shift in momentum, with the bullish trend weakening. This was confirmed when price created a new swing low after breaking a significant structure level, indicating a bearish market shift. Following the bearish break of structure, price retraced to the 50% Fibonacci level, which is a key area to watch for resistance in the continuation of the downtrend.
My potential target is the demand zone that created the current swing highs, as this could act as support and lead to either a reversal or continued movement in the direction of the trend. I plan to enter short near the 50% Fibonacci level, provided there is bearish confirmation, such as rejection or a bearish candlestick pattern. My stop loss will be placed above the recent high at 1.44675 or slightly higher to manage risk.
The take profit target is set at the demand zone that created the swing highs, where I will closely monitor price action for any reversal signals. I will stay flexible and adjust the trade as needed if the price action indicates a change in momentum.
USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.43700 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.43700 support and resistance area.
Trade safe, joe.
US30 Reaching for support level 42200US30 continued to fall as expected and will likely continue to consolidate between this area for the week before deciding to go bullish or bearish.
USDCAD: Weak Market & Bearish Forecast
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the USDCAD pair price action which suggests a high likelihood of a coming move down.
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Monthly USDCADBreakout of Symmetrical triangle leading to development of a bullish triangle and ultimately to hit August 1998 highs around the end of 2015 or into 2016.
USDCAD TRADE SETUP UPDATEWe caught the bulls on the one, right again!
...and quite close before ADP NFP news today
