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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

USDCADTrend Reversal Structure + Lower High + Supply Zone Rejection Key Confirmations: 1.Market Shift from Bullish to Bearish (Structure Break) Price formed a Lower High (LH) after a Higher High (HH). A clear Break of Structure (BOS) to the downside occurred (marked on the chart), indicating a shift in trend from bullish to bearish. 2.Trendline Respect + Rejection A clean downward trendline is drawn connecting HH → LH → lower LH. Price rejected perfectly from the trendline, confirming resistance and bearish momentum. 3.Supply Zone Rejection Price action touches a previously tested supply zone (highlighted in red). That zone acted as resistance, and price failed to break above. 4.Bearish Continuation Setup After forming a Lower Low (LL), price pulls back to create another Lower High (LH) – classic bearish continuation pattern.
Short
by AzdrenBytyqi
1
Bullish rise?The Loonie (USD/CAD) has bounced off the pivot which is a pullback support and could rise to the 1st resistance. Pivot: 1.3570 1st Support: 1.3435 1st Resistance: 1.3732 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
HARMONICS XABCDHello awesome traders! 👑✨ Let’s kick off the week with a USD/CAD 4-Hour chart — spotting a high-probability Harmonic XABCD Bullish reversal to ride higher. 🧠 Setup Breakdown Pattern Type: Harmonic XABCD Bullish X → A: Uptrend from 1.35399 → 1.37981 A → B: Correction down to 1.36179 B → C: Bounce up to 1.37598 C → D: Final leg down into 1.35567 completes the pattern PCZ: Exact D-point at 1.3555–1.3565 (XABCD harmonic PRZ) ✅ Why This Works Classic XABCD symmetry with precise Fibonacci ratios PRZ confluence at D gives us a tight entry zone 4-hour price action shows clear rejection off D ⚔️ Entry & Risk Management Entry Zone: Long within 1.3555–1.3565 (PRZ/PCZ) Stop-Loss: Below X at 1.3535, ~10–15 pips under D Risk: ≤ 1–2 % of account per trade 🎯 Target Zones Target Zone 1: 61.8 %–78.6 % retracement of X→D → 1.3717–1.3760 Target Zone 2: 100 % extension of X→D → 1.3816 🔍 Confirmation & Invalid Candlestick Rejection: Watch for bullish pin-bar or engulfing at D Structure Break: Close back above the C→D trendline adds conviction Invalidation: A decisive close below 1.3535 (below X & PRZ) negates the setup 💡 Keep It Simple: Pattern → Identify XABCD Bullish PRZ/PCZ → Wait for D completion zone Trigger → Bullish price action at D Continuation → Ride the move into your Target Zones 🔔 Monitor CAD data releases and BoC commentary for catalysts. Wishing everyone a profitable week ahead — stay disciplined, manage risk, and let structure lead, not emotions! 🚀
Long
by TradeChartPatternsLikeThePros
Bearish reversal?USD/CAD is rising towards the resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and the 145% Fibonacci extension and could reverse from this level to our take profit. Entry: 1.3656 Why we like it: There is an overlap resistance level that lines up with the 145% Fibonacci extension and the 50% Fibonacci retracement. Stop loss: 1.3695 Why we like it: There is a pullback resistance level that lines up with the 127.2% Fibonacci extension. Take profit: 1.3618 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
USD/CAD in a Strong Downtrend – Lower Channels Keep FormingUSD/CAD is currently in a strong bearish trend, forming a series of descending channels. The price initially moved lower within a downward-sloping channel, then broke out to the upside, suggesting a reversal or deeper correction. However, this breakout was short-lived. Instead of continuing higher, USD/CAD lost momentum and began forming a new descending channel, resuming its bearish movement. This pattern has repeated, each time the price breaks out upward, it quickly shifts back into a new downward channel, making lower lows each time. This behavior indicates a bearish continuation structure, where temporary upward moves are corrective in nature and serve as setups for the next leg down. The consistent formation of new lower channels after brief pullbacks reflects ongoing selling pressure and trader sentiment favoring the downside.
Short
by FXTradingAnalysis
USDCAD LONG DAILY FORECAST Q3 D4 W27 Y25USDCAD LONG DAILY FORECAST Q3 D4 W27 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📝 ✅Daily Order block identified ✅4H Order Block identified ✅1H Order Block identified 🔑 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
Long
by JCFRGNT
1
Bearish drop?The Loonie (USD/CAD) is rising towards the pivot and could drop to the 1st support that aligns with the 161.8% Fibonacci extension. Pivot: 1.3580 1st Support: 1.3540 1st Resistance: 1.3601 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