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USDCAD trade ideas

USD/CAD H1 | Overlap resistance at 50% Fibonacci retracementUSD/CAD is rising towards an overlap high resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.3537 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 1.3575 which is a level that sits above the 61.8% Fibonacci retracement level. Take profit is at 1.3492 which is an overlap support that aligns with the 38.2% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
USDCAD Overview.The USD/CAD 4-hour chart shows a bearish setup, with price action likely to revisit the Fair Value Gap (FVG) between 1.35552 and 1.35899 before continuing its downward movement. The recent break of structure (BOS) at the 1.35324 level confirms a shift in market sentiment, with sellers gaining control. The price is expected to make a short-term pullback into the FVG, where it may face resistance, but it’s unlikely to reach the liquidity zone marked with "$$$" above. After tapping into the FVG, the market is anticipated to reject this level and resume its bearish trend. The final target for this move is around 1.33748, with a stop-loss placed just above the FVG at 1.35900 to manage risk. OANDA:USDCAD
Short
by Astonstevn
2
USD/CAD Weekly Outlook (1H Timeframe): Distribution Phase.Wyckoff Distribution Phases Phase A, B, C: Wyckoff distribution phases indicate a potential reversal from an uptrend to a downtrend, especially with the UTAD (Upthrust After Distribution) marking exhaustion. UTAD and UT: These indicate the last buying attempts before the market turns bearish, potentially signaling short entries. LPSY (Last Point of Supply): Final points before the major price drop, leading to distribution completion. Harmonic Pattern Analysis Harmonic Pattern Completion: Point D aligns with the 0.618 Fibonacci level, a potential reversal zone where bearish continuation could begin. Fibonacci Confluence: The harmonic pattern completes near the 0.618 retracement, signaling a reversal. Elliott Wave Analysis Wave Count (0-4): A corrective structure completing the Wave C-Y count, indicating a potential bearish continuation. Wave 5 Expectation: The final move down after the distribution phase could complete the wave structure. Smart Money Concepts (SMC) BOS (Break of Structure): An internal BOS signals a shift to the downside, with price retesting the LPSY zone for continuation. POC (Point of Control): A volume-heavy zone at 1.3538, likely to cause price reactions, confirming or rejecting bearish moves. ICT (Inner Circle Trader Concepts) Sell-Side & Buy-Side Liquidity: The market grabbed sell-side liquidity after the distribution, and buy-side liquidity may be targeted near 1.3580 before reversing. Key Levels to Watch Resistance Line (1.3580): A crucial reversal point aligning with the Wyckoff distribution and harmonic pattern completion. Support Line (1.3419): Potential downside target once the reversal happens, indicating the next major area of interest. Invalidation Level (1.3660): A move above this invalidates the bearish outlook and signals continuation of the uptrend. Week Plan Bearish Bias: Post-UTAD, expecting price to hit 1.3580 and then reverse downward toward 1.3540 and 1.3419. Elliott Wave Completion: The corrective structure is expected to finalize with a bearish impulse. SMC Focus: Watch for liquidity grabs to trigger the move down.
Short
by spaceangel
3
Bearish reversal off pullbacvk resistance?The Loonnie (USDD/CAD)is rising towards the pivot which acts as a pullback resistance and could reverse to the overlap support level. Pivot: 1.3549 1st Support: 1.3491 1st Resistance: 1.3614 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
USDCAD - 4hrs ( Buy Trade Target Range 150 PIP )🟢Pair Name : USD/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Break 1.35200 Area Reasons - Major turn level / D - Visible range Hvn - Inner Trend Break - Choch Break - Day High Area Bearish Reversal 1.37000 Area Reasons - Major Turn level - Visible Range lvn - Pattern Target - Major Choch Zone
Long
by GoldenEngine
2
USDCAD - Bullish Trendhe USDCAD chart is currently exhibiting a strong bullish trend characterized by a series of higher highs and higher lows. This upward movement indicates robust buying pressure. Higher Highs and Higher Lows: The consistent formation of higher highs and higher lows reinforces the bullish trend, suggesting that the price is likely to continue rising. Absence of Divergence: The lack of divergence further supports this bullish outlook, indicating no signs of potential reversals or weakening momentum. Conclusion In summary, the USDCAD chart shows a healthy bullish trend, with indicators suggesting further upward movement. Traders should remain vigilant for any changes in this pattern.
Long
by gulraizali90
Bearish reversal?USD/CAD is rising towards the resistance level which is a pullback resistance that is slightly above the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.3549 Why we like it: There is a pullback resistance that is slightly above the 50% Fibonacci retracement. Stop loss: 1.3617 Why we like it: There is a pullback resistance level. Take profit: 1.3462 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