USD/CAD NEXT MOVESell after bearish candle stick pattern, buy after bullish candle stick pattern....
Best bullish pattern , engulfing candle or green hammer
Best bearish pattern , engulfing candle or red shooting star
NOTE: IF YOU CAN'T SEE ANY OF TOP PATTERN IN THE ZONE DO NOT ENTER
Stop lost before pattern
R/R %1/%3
Trade in 5 Min Timeframe, use signals for scalping
CADUSD trade ideas
USDCAD Recovery in Progress?📈 USDCAD Recovery in Progress? 📈
Watching for a potential move towards 1.4200+, targeting 1.42 as price attempts to bounce from recent lows.
🔹 Current Price: 1.419
🔹 Target: 1.42
🔹 Key Support: 1.4179
Will this level hold for a push higher? Let’s see how it plays out! 🔥 Drop your thoughts below! 👇🏼
#USDCAD #ForexTrading #TechnicalAnalysis #PriceAction #TradeSetup #MarketMoves #Forex
USDCAD Swing trade update 24/02/2025USDCAD has finally broken below the 1.43100 range and is holding beneath it despite bullish USD fundamentals. Since this is a swing trade, I’m waiting for either a break below 1.41000 for continuation or a retest of 1.43100 to confirm resistance before entering. Targeting 1.32100 as a minimum. Patience is key here.
USDCAD_1H_Selling Opportunities Ahead!📉 Canadian Dollar Analysis (Short & Medium Term)
The market is in a downtrend, and any upward movement is merely a correction, creating selling opportunities.
🔹 Key Resistance: 1.42100 – As long as this level holds, the trend remains bearish.
🔹 Support & Target Price: 1.41100
📊 What’s your take on this analysis? Will the trend continue? 🤔
Falling towards 50% Fibonacci support?The Loonie (USD/CAD) is falling towards the pivot which is a pullback support and could bounce to he 1st resistance which has been identified as a pullback resistance.
Pivot: 1.4093
1st Support: 1.3953
1st Resistance: 1.4279
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USDCAD- Waiting to get on the rollercoaster down hillUSDCAD - is in alignment with the larger time frame! I am bias of a bearish direction this week. On the daily I saw price retested the range and it on the way down. Right now, it has formed a bearish flag. I am looking for price to pull back on the 4-hour time frame to get into a better and safer position.
USDCAD WEEKLY MARKET OUTLOOK!Price is Beginning to retrace. Price traded and closed at 1.42263 ahead of the week, we’d likely anticipate a further drop in price to around 1.38615 a pullback support. This week , we anticipate a fundamental news. We’re looking forward to seeing a GDP report from both countries. I anticipate a further drop in price.
Heading into pullback resistance?USD/CAD is rising towards the resistance level which is a pullback resistance that is slightly above the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.4280
Why we like it:
There is a pullback resistance level that is slightly above the 50% Fibonacci retracement.
Stop loss: 1.4404
Why we like it:
There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement.
Take profit: 1.4100
Why we like it:
There is a pullback support level.
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