USDCAD TRADE SETUPWait for retest the entry level then take a trade for Sell otherwise skip this setup
USDCAD trade ideas
USD/CAD - Triangle Breakout (23.05.2025)The USD/CAD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 1.3792
2nd Support – 1.3760
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Cautious Bulls Meet Trendline Test: USD/CAD Eyes FOMC CatalystCMCMARKETS:USDCAD OANDA:USDCAD USD/CAD extended its recovery for the third day, trading near 1.3833 on modest USD strength following upbeat U.S. data. However, fiscal worries and expectations of Fed rate cuts in 2025 may limit upside momentum. Traders are cautious ahead of the FOMC Minutes and U.S. PCE/GDP data, while firmer Canadian inflation and oil prices could support the CAD.
Technically, the pair remains within a broad downward channel and is now approaching key resistance at 1.3856, aligned with the descending trendline. A clear rejection here could spark a bearish continuation toward 1.3711 support. A breakout above 1.3937 would invalidate the bearish channel and suggest trend reversal.
Resistance : 1.3856 , 1.3937
Support : 1.3711 , 1.3809
USDCAD - Following the market looks like we could be going longFollowing the market looks like we could be going long for a bit.
USD/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are going short on the USD/CAD with the target of 1.375 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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15 minute bearish Wolfewave Target Made.The risk/reward of this pattern is quite attractive.
Patterns could show up in multiple timeframes.
The weekly bearish Wolfewave is still in play.
USDCADpotential for a short
- Bearish downtrend in the higher time frames
- double tops
- break of structures
- CHOCH - LL LH
USDCAD downtrend continuation capped at 1.4060The USDCAD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 1.4060, which represents the current intraday swing low and the falling resistance trendline level.
In the short term, an oversold rally from current levels, followed by a bearish rejection at the 1.4060 resistance, could lead to a downside move targeting support at 1.3780, with further potential declines to 1.3730 and 1.3630 over a longer timeframe.
On the other hand, a confirmed breakout above the 1.4060 resistance level and a daily close above that mark would invalidate the bearish outlook. This scenario could pave the way for a continuation of the rally, aiming to retest the 1.4080 resistance, with a potential extension to 1.4160 levels.
Conclusion:
Currently, the USDCAD sentiment remains bearish, with the 1.4060 level acting as a pivotal resistance. Traders should watch for either a bearish rejection at this level or a breakout and daily close above it to determine the next directional move. Caution is advised until the price action confirms a clear break or rejection.
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USDCAD: Expect further downside following a potential retest USDCAD: Expect further downside following a potential retest of the previous support level, which is now acting as resistance. The current downtrend appears to have additional momentum.
USD/CAD💰Symbol: { USD/CAD }
🟩Price: { 1.37435 }
🟥Stop: { 1.37045 }
1️⃣profit: { 1.37817 }
2️⃣profit: { 1.38240 }
3️⃣profit: { 1.38619 }
📊Check your chart before entering.
🚨Check before use to make sure there is no important news.🚨
Usdcad buy enteryReady to fly
But wait first to sweep low and our bullish level
Monthly weekly oversold
USD/CAD H1 | Overlap resistance at 38.2% Fibonacci retracementUSD/CAD is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.3756 which is an overlap resistance that aligns close to the 38.2% Fibonacci retracement.
Stop loss is at 1.3807 which is a level that sits above the 61.8% Fibonacci retracement and an overlap resistance.
Take profit is at 1.3689 which is a swing-low support.
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usdcadThe Canadian dollar is likely to move in one of 3 directions:
There is a weekly support and a weekly trend line ahead
There is a daily resistance and a 4-hour timeframe
If the 4-hour support is not broken, it is ready to buy
possibility of correctionIt is expected that a trend change will form in the current resistance area and we will see the beginning of the downward trend. If the price breaks through the resistance area, the upward trend will likely continue.
NNFX USDCAD Short Full Signal Signal: Short — Full Signal
Context: Price Breaks through with Volume, Full Signal 2 days behind C2
Probability: Normal to Weak - Signal 2 candles into C2 but huge volume short
Risk: Base 1%
R:R Plan: 0.72R, 75% scale-out at TP - Huge Range to Trend into 2R and opportunity to severely reduce risk within the first 24 hours.
Notes:
At first glance the R is not too great, but this is mainly due to breakout meaning stops are placed at full 1.5x ATR Away from entry but supported by the candle structure.
The range for this trade is large though, beyond 1xATR and even beyond 2x ATR. Opportunity to reduce risk to the order zone halfway through the candle which will make the R instantly positive. Reduced Risk to match the lower probability of this trade and other USD pending trades.
I am very bullish I expect the price to move from the black line after a bounce from the major support level down. As a swing trader, I will be looking at price moving back to the next zone
Evening Forecast 3/6/2025 on USDCADHello, this is my Evening Forecast 3/6/2025 on USDCAD. Curious for your comments and feedback. Thank you!
USD/CAD Defends Support but Bears Still LurkingUSD/CAD is clinging to key horizontal support around 1.3780 after a recent sharp decline:
Support Retest: Price briefly dipped below the 1.3780 area before buyers stepped in, forming a potential short-term base.
Downtrend Intact: Price remains well below both the 50- and 200-day SMAs, which are beginning to fan out—an increasingly bearish configuration.
Momentum Weak: MACD is negative and RSI is hovering just above oversold territory (~38), suggesting continued bearish pressure despite the bounce.
Critical Levels: A break below 1.3780 could open the door to 1.3420 (October support), while upside recovery would need a move above the 200-day (~1.40) to shift the broader tone.
The bounce may offer a short-term reprieve, but unless bulls reclaim trend-defining moving averages, the bears remain in control.
-MW
chakalaka @ Lap forex groupUSDCAD Potential selling continuation towards 1.34500 , fair entry with a good risk reward ratio is indicated on my analysis ...swing trading is the safest way to trade
Usdcad I had this position this morning we have a good counter trend trade is a high probability trade am on a buy too on usdcad
SNAP SHORT USDCAD SHORT FORECAST Q2 W22 D27 Y25🔥👀USDCAD SHORT FORECAST Q2 W22 D27 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.
💡Here are some trade confluences📝
✅4H Order block
✅4H 50 EMA
✅Intraday bearish breaks of structure
✅15’ 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
Potential bearish drop?USD/CAD is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 1.3781
Why we like it:
There is a pullback resistance.
Stop loss: 1.3893
Why we like it:
There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement.
Take profit: 1.3629
Why we like it:
There is a support level that lines up with the 145% Fibonacci extension.
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