usdcadAccording to the strategy I used, usdcad fulfilled all the rules and I set the SL to be 20pips and the TP to be 30 pips.
CADUSD trade ideas
Potential bullish bounce off pullback support?The Loonie (USD/CAD) is currently reacting off the pivot and could rise to the 50% Fibonacci resistance.
Pivot: 1.4012
1st Support: 1.3951
1st Resistance: 1.4093
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The Next Big USD/CAD Move—Are You Positioned for Wave 5?Key Structure Levels:
Current Price Zone: 1.4699
Major Resistance Levels:
2.17757 (1.236 Extension - Volume Divergence by Wave 5): Key target for Wave 5 progression.
2.55985 (1.618 Extension - Diagonal Wave 5): Long-term supercycle target.
1.61850 (Inducement Wave 3): Potential reversal or short-term target.
Major Support Levels:
1.20068 (Swing Low - Wave 2): Key bullish invalidation zone.
0.90370 (Wave 1 Low): Historical accumulation zone and invalidation point.
Wyckoff & Elliott Wave Analysis:
Wave Structure:
Wave 1: Formed after accumulation, setting the bullish trend foundation.
Wave 2: Retraced shallowly to 0.61–0.75 Fibonacci levels (bullish validation).
Wave 3: Strong breakout above 1.61850, reaching inducement levels with buy-side liquidity targets cleared.
Wave 4: A shallow corrective structure (dealing range between 1.200–1.61850).
Wave 5 (Projection):
TP1: 2.17757 (1.236 Fibonacci)
TP2: 2.55985 (1.618 Fibonacci)
Invalidation Point: If price breaks below Wave 1 at 0.90370, bullish thesis fails.
Buy-Side Liquidity Sweep:
1.61850: Likely area of stop-loss and limit order placements for liquidity collection before Wave 5 continues upward.
Trading Plan:
Entry Strategy:
Look for pullbacks near 1.20068–1.61850 to build long positions.
Confirmation of Wave 3 continuation with a strong close above 1.61850 validates entries targeting higher resistance.
Take Profit (TP) Levels:
TP1: 2.17757 (1.236 Extension).
TP2: 2.55985 (1.618 Extension).
Stop-Loss Placement:
SL1: Below 1.20068 (Wave 2 Low) for conservative setups.
SL2: Below 0.90370 (Wave 1 Low) for higher timeframe setups.
Key Keywords for Presentation:
USD/CAD Elliott Wave Analysis
Wyckoff Accumulation to Supercycle
Wave 5 Target at 2.55
USD/CAD Trading Plan: TP, SL, Entry Strategy
12M USD/CAD Forecast
Commentary:
Bullish Bias: Long-term bullish cycle supported by Elliott Wave and Wyckoff principles. Expect price to clear liquidity zones as it targets higher Fibonacci extensions.
Bearish Risk: A breach below Wave 1 Low (0.90370) invalidates the current bullish cycle and could signal deeper correction or trend reversal.
Instant Sell USDCADLooking at continuous SELL direction and PL near the entry.
Targeting the PL as TP for a quick sell trade.
USD/CAD INSANE 22 Year Cup & Handle about to explode higherWith this week's announcement of 25% duties on MX & CA one would do well to survey the markets for opportunities. What better way to push through a trade of this nature than the FX markets?!
The first thing to check in any FX trade is rate differentials:
CA 10Y: 3.22%
US 10Y: 4.27%
MX 10Y: 9.99%
The carry trade dictates we want to be long the currency with a higher yield, and our suspicion given tariffs tend to strengthen the country levying tariffs means we want to be long USD.
MX offers a much higher yield so that would offset the potential in taking a short position on USD/MXN. CA on the other hand has a modest 1% discount to the US 10Y bond. Moreover, rates in the US look fairly steady, and pressure from the tariffs could cause CA to cut in support of its economy.
A technical inspection of USD/CAD shows a staggering 22 year cup and handle formation on the pair. Now could be the right time to accumulate a leveraged FX position, as this trade could have years ahead of it with the advent of a 4 year Trump term.
USDCAD Elliott Wave AnalysisHello friends,
We are witnessing a 5-wave impulse pattern in the USDCAD currency pair.
Waves 1 to 4 have been completed.
Wave 3 has 5 complete subwaves.
Wave 5 also has 4 complete subwaves and wave 5 of 5 has started to complete.
So, according to the above theory, we can enter a buy position with a stop loss of 1.39300.
The profit limit can also be considered 1.4200, which is also the density of Fibonacci levels.
To support me, I recommend installing the Trading View software on your phone and see my analyses and support me with your comments and Boost. Be successful and profitable.
Limit Buy USDCADWe Are clearly still Long also we have some space until reaching the "Discount" Zone where I aim shorting howver until then The Trend Is Your Friend
I have micro tuned and managed the Setup to have the optimal RR while still maintaining logical and valid positioning.
Important is that my TP is not yet engraved in Stone meaning I have to react to how the market evolves until entry gets triggered but until then we will definatly be Break Even
Check my latest Trades to see results ;)
Happy Profits
USDCAD Massive Short! SELL!
My dear subscribers,
This is my opinion on the USDCAD next move:
The instrument tests an important psychological level 1.4123
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.4047
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
1-hr USD/CAD: Strong Bullish Momentum The announcement of new Trump tariffs targeting Canada caused the USD/CAD pair to surge by 200 pips in a single day. From a technical standpoint, a Golden Cross has emerged—a strong buy signal. This classic pattern occurs when a short-term moving average crosses above a longer-term moving average, signaling that buyers are in control.
A short-term pullback was anticipated, and it is now materializing. The price attempted to test the critical 61.8% Fibonacci retracement level but rebounded upward. Traders looking to capitalize on the robust uptrend could aim for a better risk-to-reward ratio by waiting for a dip below 1.4050. This level aligns with the 50% Fibonacci retracement, offering a potentially lower entry point to position for further gains.
This scenario highlights the interplay of market sentiment and technical signals, emphasizing the importance of strategic timing for optimal trade setups.
USDCAD Analysis - Long Setup - Trendline PlayI have been activated in a long position on USDCAD.
Here’s my reasoning:
The downward trendline has been broken, as confirmed by a candle body close above it.
The upward trendline is still intact, suggesting potential bullish continuation.
Trade Details:
Entry Point: At the 1-hour resistance zone.
Stop Loss: Placed below the upward trendline and the recent lower low for added protection.
Target: Aiming for the daily high as the primary take-profit level.
This setup aligns with my strategy for trading trend reversals and continuations.
USDCAD H4 | Bullish ContinuationBased on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.4028, which is a pullback support close to 61.8% Fibo retracement.
Our take profit will be at 1.4028, a pullback resistance.
The stop loss will be placed at 1.3953, which is a pullback support level.
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Bullish breakoutFlag pAttern has a high rate of happening 50-80%
Long term buyers gets kicked out a bit before buying again to hit second target after Take profits. This can trigger a pullback on effective pressure below 1.41/1.40916
1'39560& 1.400 buying range
I want to buy but it will be small due to large risk 1.34200 buying dips will be hard like 1.3600&1.35
Sellers entered top rejection 1.414 &1.4057
