USD/CAD Short H4 Loading at Supply levelSell Stop @ 1.35578
S/L @ 1.36241
T/P1 @ 1.33920
T/P2 @ ----------
R.R.R. @ 1/2.5
Pure Price Action Trading based on Pullback Breakout of Key Level.
Good Trading to the Trading View Community ! 👍
USDCAD trade ideas
USDCADUSDCAD had a beautiful rally to the upside where right now it is testing its weekly range resistance. Dollar (Dxy) seems to be bullush in the upcoming days. But before that Major USD pairs can take a small rally to the upside. Also USDCAD is stretched way too much. a small correction will be good for DXY to keep bullish momentum. Also on going elections can take the market upside down in a matter of minutes. so be vigilant on your trades these days. Lets see how it goes.
USDCAD, Will It Fall? Technical/Fundamental CaseHere's a quick FX analysis pre election.
Keenly watched by many, USDCAD is favourable for shorts.
USDCAD / M15 / SHORTUSDCAD may fall from the Bearish Order Block
Bearish Order Block: 1.39265 and 1.39206
USDCAD may decline from the bearish order block, with a high probability of ending in profit. Let’s monitor how the price reacts in this zone.
USDCAD / M15 / SHORT
LOT :- 0.2
Entry Price :- 1.39204
Take Profit :- 1.39304
Stop Loss :- 1.39068
Trade idea - USDCAD Long4H
Corrective approach towards entry zone.
-68 Fibonacci completion aligning with entry zone.
= Buy limit.
Bullish Fake Out Flag pattern also there as extra evidence.
1.5% risk.
Aiming to take full profit at Daily TP.
Read The USDCAD MarketLet's Read the USDCAD Chart and Looking at Price Actions to Prepare for start a great Week, Good Luck With Your Trades <3
USDCAD h4 | Bullish Bounce Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.3867, which is a pullback support that aligns with a 61.8% Fibo retracement.
Our take profit will be at 1.3934, a pullback resistance.
The stop loss will be placed at 1.3809, which is a swing-low support level.
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USD/CAD teeters on bearish reversal brink ahead of US electionBearish reversal patterns generated by USD/CAD on the daily timeframe have enjoyed a decent track record recently, especially following a pronounced bullish trend. That makes today's early price action interesting, with the price reversing hard after closing at fresh 2024 highs on Friday.
As the daily candle has yet to be competed, getting short pre-emptively screens as a low probability setup. But if we do see a bearish engulfing candle print, it will provide a decent short setup heading into US election day, especially if the price bounces a touch from current levels.
To make the trade stack up from a risk-reward perspective, the price would need to break several nearby levels, including the uptrend from October 15 and horizontal support at 1.3869. If they were to fold, 1.3815 is one potential target with 1.3748 and 1.3700 the next after that. A stop-loss order above Friday's high would offer protection against reversal.
Bolstering the case for potential downside, RSI (14) has broken the uptrend it was sitting in after sitting in overbought territory for more than a week, hinting bullish momentum may be starting to turn. While the signal is yet to be confirmed by MACD, that too is looking like it may soon rollover as it moves closer to the signal line.
Good luck!
DS
USDCAD Outlook: Anticipating Further DownsideHello,
FX:USDCAD is likely to experience further downside for the time being, with movement anticipated towards the 1M pivot point. We are still awaiting the initial support at 1M to see how well it holds. Gradually, we are beginning to observe bearish developments!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
USDCAD with two probabilities for 11/4/2024This is my idea Nbr 25 after 23 ✅️
USDCAD with a high probability to make the decision for 11/4/2024 ✅️ :
🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss.
🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
USD-CAD Resistance Ahead! Sell!
Hello,Traders!
USD-CAD is retesting a
Horizontal resistance
Of 1.3980 and the pair is
Clearly overbought so
We will be expecting a
Further move down
Sell!
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Check out other forecasts below too!
USDCAD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
USDCAD View!!The Canadian dollar weakened to a two-year low against its U.S. counterpart on Friday as the greenback notched broad-based gains ahead of the U.S. presidential election and despite domestic data that showed factory activity growing at a faster pace.
The loonie
USDCAD
was trading 0.1% lower at 1.3950 to the U.S. dollar, or 71.68 U.S. cents, after touching its weakest intraday level since October 2022 at 1.3953. For the week, the currency was down 0.4%
USDCAD - Dump n Pumps - Buy Setups Look at price reaction(closed candles)as China session opens. If price reaches below the 50% Fib level (15min-chart white - minor structure), look for China to create that LOD to push price back up to HOD. The Gap Time(orderflow)to either work into China's LOD or take it when London session opens for the rise back up to create a new London HOD. Overall look for your buy setups. NY session also.
As a beginner trader...It's important for you, as a beginner trader, to utilize htfs, because it's slower price action. You need to clearly decipher your overall bias and market direction. Use a ltf to look for trend.
USDCAD Is Approaching The Main TrendHey Traders, in tomorrow's session we are monitoring USDCAD for a buying opportunity around 1.38900 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend t 1.38900 support and resistance area.
Trade safe, Joe.
USDCAD Elliott Wave Analysishello friends
In the USDCAD currency pair, we see the formation of a 5-wave Elliott pattern.
This clear pattern consists of 5 waves.
Only wave 5 has many details and wave 3 is stretched.
Wave 5 has formed an ascending channel, and when this channel is broken and a pullback is placed on it, you can enter into a sell transaction.
The confirmation of this theory is the divergence between waves 3 and 5, and this divergence can also be seen between the microwaves of wave 5.
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I will trade it only if, I get this pullback before...reaching the old high.
If we get the confirmation, I will be looking to position myself with my students and followers as highlighted on the chart.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
USDCAD Technical Analysis! BUY!
My dear subscribers,
This is my opinion on the USDCAD next move:
The instrument tests an important psychological level 1.3905
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.3914
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
Technical analysisIn case of failure, we will have the specified goals with confirmation.
We are currently considering the overall view for next week. In Pullback, we enter into a transaction with capital management. If the price is rejected, we will monitor the sales transaction.
@chart_list
USD/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
Previous week’s green candle means that for us the USD/CAD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.373.
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Downtrend It is expected that the upward trend will end at the specified resistance levels and we will witness the beginning of the downward trend. If the price crosses the resistance range, the upward trend is likely to continue
