USDCAD H4 AnalysisOrder Flow: BULLISH
Buy Side Liquidity: NEXT TARGET
BSL (Buy Stop Limit) Level: PREVIOUS MONTH HIGH
Get ready to ride the bullish wave!
CADUSD trade ideas
USDCAD MARKET ALERT!A potential sell opportunity is emerging.
USDCAD TRADE SETUP!
A bearish trend is unfolding, with a possible sell signal on the horizon. Current price: 1.43955. Target price: 1.43481."
"USDCAD FORECAST!
Our analysis suggests a downward move is likely, presenting a sell opportunity. Current price: 1.43955. Target price:1.43481.
Best wishes Tom 😎
USDCAD1.46 looks like our next destination for this pair. I am putting a focus on that price as i watch 15 mins price action on the current price to take longs into next week. Good luck
USDCAD - accumulating orders .. early Jan 2025Since late Sep, this pair has been moving strongly to the up side. Most of the retracements have been weak and shallow. But for the past 10 days, we have been witnessing a more persistent consolidation. Let us study the chart on the H4 time frame too:
Note that there was 1 single H4 strongly bullish candle and since then more than 45 candles have been unable to break the high or low of that mother candle. These are commonly known as 'inside bars' or candles.
Obviously, at some point a breakout will happen. Since the preceding trend was bullish, a break out to the upside is more likely. However, that cannot be taken for granted. I would suggest that this chart be monitored on the H4 time frame and traded in the direction that PA indicates.
At this time, my own bias is bullish, so if I start seeing more strength and momentum with the bulls, I will consider taking a test long trade (50% position size) either at the bottom of the range or if price bounces up from the 20ema. Additional position(s) can be added if PA dictates. We do have room at least to 1.4510 before we see some resistance.
This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Bearish drop?USD/CAD is rising towards the resistance level which is a pullback resistance that is slightly above the 61.8% Fibonacci retracement an could drop from this level to our take profit.
Entry: 1.4416
Why we like it:
There is a pullback resistance level.
Stop loss: 1.4450
Why we like it:
There is a pullback resistance.
Take profit: 1.4349
Why we like it:
There is a pullback support level.
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GBP/USD Short, NZD/USD Short and USD/CAD LongGBP/USD Short
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry.
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
USD/CAD Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
USDCAD Update:
USDCAD Update:
Initially, I expected USDCAD to reach its weekly historical high, but it reversed instead. This setback is normal.
Key points:
- Draw on liquidity is the weekly order block
- No fear, all losses will be recovered
USD/CAD Bull Flag: Is 1.4500 the Next Stop?The USD/CAD 6-hour chart shows a bull flag pattern, a continuation setup that typically signals the resumption of the prior bullish trend.
Following a strong upward rally, the price has consolidated in a downward-sloping channel, characteristic of a bull flag.
A breakout above the resistance (~1.4410) would confirm the pattern, potentially driving the price higher toward the next target of 1.4500 or beyond.
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Short USDCADUSDCAD is over bought and it is currently moving with the DXY ,
Since the DXY is showing since of a fall on the W1 timeframe, with time it will caught up with USDCAD, which is overbought and will aggressive fall
it's a 3:1 trade and 45% probability
USDCADIt shows a little uptrend triangle broke so it might give another impulse upward. Entry point can be from Fibonacci 61.8 to 78.6 area. Risk Rewards 1:5. Let’s see how it goes, Cheers!
Could the price bounce from here?USD/CAD is falling towards the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.4038
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 1.4348
Why we like it:
There is a pullback support level that lines up with the 138.2% Fibonacci extension.
Take profit: 1.4436
Why we like it:
There is a pullback resistance.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
USDCAD Swing setup possibly forming....On the Weekly timeframe, USDCAD is slowly nearing a very interesting area. Watch this carefully, might take 1-3 weeks to reach there. This area has two times before been slightly touched. Jan 2016, REJECTED. March 2020, REJECTED.
My dream scenario is a triple tap to this resistance line and immediately followed by a big SELL.
This can be traded as a swing trade, or by using the sell off weeks for smaller day/intraday trades.
My plan is to open one swing trade with 0.5% risk and keep it running for as long as it takes. Then I will use another 0.5% risk on this pair for day trading on the way down.
Accumulation phase - Wait for breakout...We have a Major ascending channel on the daily time interval
And a minor ascending channel on the hourly time intervals,
With price accumulating at a weekly resistance level
We will wait for a breakout or rejection to take place.
USDCAD Will Fall! Sell!
Here is our detailed technical review for USDCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.441.
Considering the today's price action, probabilities will be high to see a movement to 1.439.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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USDCADBulish Bais
1:dow theory Bulish
2:no divergence
3:trend line fallow price
4:test trend line candle stick pettren
(Bulish engluf ) make .
entry 1.40594
SL:1.39050
TP 1.41598
RRR1:1.34
USDCADBulish Bias
1:dow theory Bulish
2:no divergence
3:trend line fallow price
4:test trend line candle stick pettren
(Bulish engluf ) make .
entry 1.40370
SL:1.39256
TP 1.41598
RRR1:1
USD_CAD RESISTANCE AHEAD|SHORT|
✅USD_CAD is about to retest a key structure level of 1.4470
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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Looking for a break upsidePrice is in range moving sideways, Although the speed of the price is not good enough, I belive it will break up the range and look for the highs in the red zone. It may take a few more days but we'll wait for it.
USDCAD Consolidation: Eyeing a Breakout Above Key Resistance USDCAD is currently trading at 1.443, with a target price of 1.490, suggesting a potential gain of over 500 pips. The analysis is based on the support and resistance pattern, indicating that the pair is holding its main resistance level. A breakout above this resistance level is being anticipated. Currently, the pair is in a consolidation phase, where price movements are relatively limited. This phase often signifies market indecision and can precede significant price action. Traders are closely monitoring the breakout potential, as a breach of resistance could signal strong upward momentum. The technical setup suggests bullish sentiment, with the resistance level acting as a critical price point. If the breakout occurs, it may confirm the continuation of the uptrend. However, traders should remain cautious and consider potential reversals if the resistance holds.
