check the trendIt is expected that the correction trend will end in the specified support ranges and we will witness the start of the upward trend.
If the price crosses the green support range, the above scenario will be invalid.
CADUSD trade ideas
USD/CAD - Buy Limit Opportunity at Key Liquidity ZoneUSD/CAD has swept liquidity below a significant support level, creating a high-probability buy limit setup. This price action suggests that the market has absorbed selling pressure, signaling a potential bullish reversal from this zone.
Key Observations:
Liquidity Grab: A dip below a key support level cleared stop-losses, trapping sellers and setting the stage for a bounce.
Market Structure: Early signs of bullish rejection and a shift in momentum suggest a recovery is imminent.
Optimal Entry: A buy limit at targets the liquidity zone for a potential upward move.
Trade Plan:
Entry: Buy limit at , anticipating a bounce from the liquidity zone.
Stop Loss: Below the recent liquidity sweep to manage risk effectively.
Take Profit: Targeting resistance levels around to capture the bullish move.
Risk Management:
This setup takes advantage of liquidity dynamics for a strategic entry, but disciplined risk management is key. Keep position sizing appropriate and monitor price action for additional confirmation of bullish intent.
USDCAD - Short + medium term direction predictionHigher Timeframe trend = Buy
Retail trader bias = Sell
Institutional bias = Buy
Short term target = retail trader stoploss zone
I would like to clarify that I dont trade with extended targets like the secondary and tertiary ones marked. This might be handy for people who leave runners on their trades.
Also keep in mind that I am only providing my own SUBJECTIVE potential target levels here. The best thing to do would be to drop down to lower timeframes and look for good areas of value to enter that are part of your own plan.
S : 10
C : 56,44 - 9-91
R : 28-72
Sell usdcadBig sell coming
Reaching the bigest strong supply level
Just wait to confirm and retest then enter in sell Minimum target 800 pips
USDCADTHE USDCAD will keep bullish path, on Monday Canadian GDP m/m,IPPI(industrial product price index m/m and RMPI m/m(Raw material price index data print will be on the desk to provide currency strength for Canadian dollar
USD bullish potential on hawkish fed bet will keep us buying and stay long.
on technical analysis ,the weekly descending trendline breakout further confirm buy position of USDCAD ,PRICE upswing will move to retest the broken ascending weekly trendline .
USD/CAD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
USD/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 12H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.418 area.
✅LIKE AND COMMENT MY IDEAS✅
USDCAD Price has been bullish. Looking at the M1,W1 we can see a breakout of a consolidation.
After every breakout a retest is expected which is done as seen in the 4h.
I'll be okay to place a buy if price shifts from bearish to bullish.
USDCAD Rejected at 1-Year High, Targeting 1M PivotHello,
FX:USDCAD has reached a 1-year high of 1.446735, but has just been rejected at this level. Moving forward, we can expect a steady decline, with the 1-month pivot point as the initial target.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
USDCAD: HTF DT OPPORTUNITYThis is an UPDATE to the previous analysis.
Read the notes from the previous analysis (see link below)
Due to yesterday's BIG NEWS regarding lower USD interest rates, PA on this pair spiked to the upper Resistance (distal) before showing signs of the DT we anticipated earlier.
HIGH TIMEFRAME DOWNTREND
Pivot High @ 1.46685
Resistance, Major @ 1.4463
Resistance, Major @ 1.4209
SLO2 @ 1.4536 ⏳
SSO1 @ 1.4270 ⏳
SLO1 @ 1.4188 📉
TP1 @ 1.3763
TP2 @ 1.3337
TP3 @ 1.3024
TP4 @ 1.2539
Support, Minor @ 1.33858
Support, Major @ 1.32522
BLO1 @ 1.2422 ⏳
BLO2 @ 1.2140 ⏳
Pivot Low @ 1.2007
USDCAD (4D) HIGH-RISK OPPORTUNITY, DTA Cautious Downtrend Retracement in an Upward Trend
The USDCAD pair is currently experiencing a short-term retracement within a longer-term uptrend. While the overall trend remains bullish, it's important to exercise caution as we approach key support and resistance levels.
Key Levels to Watch:
Pivot High @ 1.4238
Resistance, Major @ 1.4209
SLO2 @ 1.4188 📉
SLO1 @ 1.4087 ⏳
TP1 @ 1.3894
TP2 @ 1.3733
TP3 @ 1.3614
TP4 @ 1.3430
BLO1 @ 1.3386 ⏳, minor support
BLO2 @ 1.3279 ⏳, above major support
Support, Major @ 1.3252
Pivot Low @ 1.32286
Trading Strategy:
Consider buying or taking long positions below 1.3386.
Be aware of the potential for a sharp reversal.
Maintain a bullish bias.
Be prepared to adjust your position based on market developments.
Risk Management:
A tight stop-loss order is crucial to limit potential losses.
Manage your risk by avoiding over-leveraging your positions.
Remember, technical analysis is a valuable tool, but it's not foolproof.
USDCAD_30MCanadian dollar in the short term The market is correcting downwards and can return to the rising wave We are in the rising wave of buyers Support number 1.43800 Margin and target 1.45100
USD/CAD steady ahead of retail salesThe Canadian dollar is showing limited movement on Friday. In the European session, USD/CAD is trading at 1.4384, down 0.11% at the time of writing. On Thursday, the Canadian dollar fell to its lowest level since March, touching 1.4435.
Canada retail sales have risen for four consecutive months and the trend is expected to continue today, with a market estimate of 0.7% m/m.
The economy outlook remains gloomy and the Bank of Canada is expected to continue lowering rates in order to boost the weak economy. The BoC has been aggressive, cutting rates five times since June for a total of 175 basis points. The central bank slashed the benchmark rate by 50 basis points to 3.25% last week but signaled that it plans a "more gradual approach to monetary policy", which means we can expect 25-bp increments in rate cuts if there are no surprises in inflation or employment data.
The "gradual approach" sounds a lot like what we're hearing from the Federal Reserve, which surprised the markets on Wednesday when it lowered its forecast to just two rate cuts in 2025, compared to four cuts in the September projection. The US dollar soared after the rate announcement and the Canadian dollar took it on the chin with losses of around 1% on Wednesday.
The incoming Trump administration could be a major headache for Canada, as Trump has pledged to slap tariffs on Canadian products. The Canadian government has announced enhanced security measures at its border with the US, hoping these moves will encourage Trump to suspend his tariff plans. Canada's Finance Minister Chrystia Freeland resigned earlier this month after a bitter row with Prime Minister Trudeau, which has added political uncertainty that could weigh on the wobbly Canadian dollar.
USD/CAD tested resistance at 1.4404 earlier. Above, there is resistance at 1.4463
1.4341 and 1.4282 are the next support levels
Long trade
4Hr TF overview
Trade Setup Breakdown:
Trade Type: Buyside (Long position)
Date: Monday, December 16, 2024
Time: 5:00 AM
Timeframe: 4-hour (4H) chart
Session: Tokyo to London (AM session)
Entry 1.42471
Profit level 1.45600 (2.20%)
Stop level 1.42119 (0.25%)
RR 8.89
Reason: Overlooking the 4Hr TF and monitoring USDCAD indicates buyside momentum at this time.
USDCAD Is Still BullishAfter the USDCAD had recently risen significantly, the exchange rate is now correcting. This healthy movement offers us the opportunity to enter a new long position in the bullish order block. The momentum in USDCAD is clearly pointing upwards in the medium to long term and retailer sentiment is decidedly bearish, which suggests a further bullish impulse.
A bearish order block just below the recent highs would be a good price target for a long trade.
Break outThis broke out strongly and I think it is going to go up soon, after a pull back of course...
USDCAD-SELL strategy 12-hourly chart GANN SQThe pair has attempted to climb back, but the cycle is still lower, is my humble opinion.
the stochastic and overbought status suggest lower levels to be seen.
Strategy SELL @ 1.4390-1.4430 and take profit near 1.4256.
check the trendIt is expected that the correction will form in the upward trend and the price will move according to the specified path. After the completion of the corrective pattern, the continuation of the upward trend will be likely
USD/CAD -Volume Spread AnalysisHere is a perfect example of Pushing Up through Supply.
As shown, when up-trending markets experience the phenomenon created by Market Makers in which supply us introduced to the market. (Notice the Pivot Highs at 1.41942 and 1.41968 which are 4 pips apart) These levels of supply are known by the market makers and are used to lock in bullish traders.
As the market moves against the locked in traders we notice Ultra High Volume (UHV) shows up. As we analyze the volume it suggests professional supply has entered the market and is confirmed by the following Wide Spread and Excessively UHV.
This confirms the intention of the professionals to lock in bullish traders and create an over head supply zone. The following price movement has UHV as well but less than the previous bar and it also closes bullish but inside the larger UHV bar. Peculiar for a market that is doomed to fall to the abyss don't you think? Looking back to the previous 40 price bars we notice price held support above the level of the previous pivot low at 1.40926.
The supply diminishes from this point as price creates a Lower High (LH) then a Higher Low (HL). We also notice the spread bodies of the bars leading to the pivot low at 1.41304 are smaller than any other downward push since the consolidation period on the 10th of December.
This implies supply has diminished until we come back in contact with the supply created by the Market Makers. The UHV suggests supply is present. However, the next bar shows demand is also present and supply has suddenly diminished at the resistance as well.
Prices then proceed to "Push up Through Supply" volume diminishes and prices rise through the supply which is termed and "ease of movement". This is an aggressive BUY SIGNAL which implies prices will not come back to retest the previous area of resistance turned support known as the backup to the edge of the creek.
You have to be aggressive at these moments because prices will not return to the retest the structure as the handling maneuver is completed a as it leaves the re-accumulation area.
usdcad---buythe own news is not important....so the pepole`s reaction to the news is very important.
context is important also with candle stick pattern.
who has the profit now with usdcad? Buyers. so go with them
USD/CAD AnalysisThe USD/CAD pair has been trading within an ascending channel but recently broke out, reaching a significant resistance level from March 2020. This resistance appears to have halted the bullish momentum, suggesting the possibility of a correction in the coming sessions.
💡 Key Observations:
1️⃣ The price broke above the ascending channel but is struggling to maintain momentum at the resistance level.
2️⃣ Historical resistance from March 2020 is likely to act as a strong barrier for further upward movement.
3️⃣ Signs of weakness and loss of momentum indicate a potential downward correction.
🔻 Potential Target Zones for Correction:
First Target: 1.429
Second Target: 1.421
Longer-term Target: 1.408
USDCAD | 19.12.2024SELL 1.44300 | STOP 1.45000 | TAKE 1.43400 | A breakout and price consolidation below the level of 1.44000 will allow the trading instrument to continue its downward dynamics to the area of 1.43400-1.41600.
Daily CLS, HTF FVG, Model 1Daily CLS, HTF FVG, Model 1
you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
What is CLS?
This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets.
CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing.
Good luck and I hope this educational post helps to become better trader
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
