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USDCAD trade ideas

USDCAD BUY TRADE PLAN🔥 USD/CAD TRADE PLAN 🔥
 📅 Date: May 12, 2025
 📋 TRADE PLAN OVERVIEW: Item Value Type Swing Trade Direction Buy Confidence ⭐⭐⭐⭐✨ (88%) Risk:Reward 3.7:1 Status Waiting for retrace trigger Guidance Fresh D1-H4 bullish breakout of consolidation range. Ideal setup: pullback into OB + FVG at 1.3930–1.3950 for long continuation. 📈 MARKET BIAS & TRADE TYPE: Section Details Bias Bullish 📈 Trade Type Breakout-Pullback Entry 🔰 CONFIDENCE LEVEL: ⭐⭐⭐⭐✨ – 88%
Confluence Factors: * D1 Breakout from Double-Bottom Base: 25% * H4 Strong Bullish Structure + Volume: 20% * FVG & Demand Block Below Current Price: 18% * USD Strength (macro tailwinds): 10% * Crude Oil Pressure → CAD Weakness: 10% * No bearish divergences on RSI/MACD: 5% 📍 ENTRY ZONES: Zone Type Price Range Justification 🟩 Primary Buy Zone 1.3930–1.3950 H1-H4 demand zone (OB + FVG overlap) 🟨 Secondary Zone 1.3900–1.3915 Deeper pullback; 61.8% retrace + prior HL ❗ STOP LOSS 📍 SL = 1.3890 * Below secondary OB and structural invalidation * 1.5x ATR (H1) protection buffer 🎯 TAKE PROFITS TP Target Details TP1 1.4030 Intraday liquidity high + minor resistance TP2 1.4085 H4 clean swing top level TP3 1.4150 March confluence resistance (D1 FVG gap close) 📏 RISK:REWARD * TP1: ~2.0:1 * TP2: ~3.7:1 * TP3: ~5.2:1
✅ Excellent multi-tier scaling potential 🧠 MANAGEMENT STRATEGY * Risk: 0.75%–1.0% depending on confirmation * Move SL to BE after TP1 hit * 50% close @ TP1, 30% @ TP2, 20% trailing toward TP3 * Full exit if H1 closes below 1.3890 ⚠️ CONFIRMATION CRITERIA ✅ Wait for: * Rejection wick / bullish engulfing from 1.3930–1.3950 * No entry if price consolidates sideways or rallies without retest * Optional add-on: M15 demand confirmation (LTF liquidity sweep + flip) ⏳ VALIDITY Trade Scope Duration Expiry Condition Swing 48–96 hrs Invalid if price closes below 1.3890 ❌ INVALIDATION * Breakdown below 1.3890 (structure breach) * DXY sharp reversal or risk-off fading * CAD strength return via oil or BoC commentary 🌐 FUNDAMENTAL CONTEXT Macro Driver Status USD Strength Intact – Fed tone + inflation firm CAD Weakness Oil soft, BoC neutral Risk Sentiment Mildly risk-on (neutral to bullish bias) Cross Support USDCAD, USDJPY, USDCHF all bullish 📊 Sentiment Score: +8.1 / 10 📋 FINAL TRADE SUMMARY USDCAD has executed a clean structural breakout on H4/D1, signaling trend transition. With macro USD support and weakening CAD fundamentals, a pullback into demand at 1.3930–1.3950 will offer an elite continuation long with tight structure and high reward-to-risk.
Long
by jibkhan111
USDCAD Analysis: Three Bounce ScenariosHello traders! USDCAD is offering three trading scenarios on the daily timeframe. The first scenario suggests the pair may react bullishly from the currently approached zone, setting up a bounce opportunity that could drive price higher toward the 1.41600 area. The second scenario anticipates a bounce toward the 1.37586 region, where a mean reversion setup may come into play (if buyers step in and price action confirms bullish intent near that support). The third scenario anticipates a bounce toward the 1.34150 region, where a mean reversion setup may come into play (if buyers step in and price action confirms bullish intent near that support). Discretionary Trading: Where Experience Becomes the Edge Discretionary trading is all about making decisions based on what you see, what you feel, and what you've learned through experience. Unlike systematic strategies that rely on fixed rules or algorithms, discretionary traders use their judgment to read the market in real time. It's a skill that can't be rushed, because it's built on screen time, pattern recognition, and the ability to stay calm under pressure. There's no shortcut here. You need to see enough market conditions, wins, and losses to build that intuition—the kind that tells you when to pull the trigger or sit on your hands. Charts might look the same, but context changes everything, and that's something only experience can teach you. At the end of the day, discretionary trading is an art, refined over time, sharpened through mistakes, and driven by instinct. It's not for everyone, but for those who've put in the work, it can be a powerful way to trade.
Long
by davidavasalcai
38
Bullish bounce off 38.2% Fibonacci support?The Loonie (USD/CAD) is falling towards the pivot and could bounce to the 1st resistance, which has been identified as a pullback resistance. Pivot: 1.3904 1st Support: 1.3840 1st Resistance: 1.4063 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Bearish reversal off pullback resistance?USD/CAD is rising towards the resistance level, which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.4060 Why we like it: There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement. Stop loss: 1.4163 Why we like it: There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement. Take profit: 1.3904 Why we like it: There is a pullback support level. 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.
Short
by VantageMarkets
Pottential buy at 0.39000Trading Journal Entry – Trade Setup: Monitoring a potential buy opportunity around the 0.39000 level. Rationale: On the higher timeframes (Daily/Weekly), the 0.39000 zone stands out as a significant long-term support level. This area has historically acted as a strong demand zone, where price found solid buying interest and reversed to the upside. It represents a potential accumulation area, likely to attract institutional orders if retested. The overall market structure suggests a mean-reverting behavior, and with price approaching the lower bounds of the historical range, this level could serve as a high-probability entry point for long positions, especially if supported by bullish confirmation on lower timeframes. Price action and momentum indicators will be monitored closely for signs of strength and reversal near this level.
Long
by SkyLegendary
AUDCAD SHORT FORECAST Q2 W20 D12 Y25AUDCAD SHORT FORECAST Q2 W20 D12 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅ Weekly order block ✅Intraday 15 order block ✅Tokyo ranges to be filled ✅Intraday bearish breaks of structure to be confirmed 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
Heading into overlap resistance?The Loonie (USD/CAD) is rising towards the pivot, which has been identified as an overlap resistance and could reverse to the 1st support. Pivot: 1.4097 1st Support: 1.3896 1st Resistance: 1.4268 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets