Trading Opportunity: USDCAD Long SetupGood morning All,
I've been analysing the USDCAD pair and noticed it's been oversold for some time. It just reached the midband of the falling channel yesterday, which suggests a potential long opportunity to me. I believe this setup offers a favourable risk-to-reward ratio of 1:2. Here are the details:
- Entry Point: 1.3734
- Take Profit (TP): 1.3888
- Stop Loss (SL): 1.3657
Wishing you all the best with your trades!
Ehsan
USDCAD trade ideas
USDCAD RETEST OR FRESH DOWNTREND? PRICE AT A CRUCIAL CROSSROAD!USDCAD 22/05 – KEY RETEST OR FRESH DOWNTREND? PRICE AT A CRUCIAL CROSSROAD!
🌐 MACRO BACKDROP:
Canada’s CPI and Retail Sales have come in weaker than expected, signaling sluggish consumer demand and reducing the probability of near-term rate hikes by the Bank of Canada.
Meanwhile, the USD is stabilizing, supported by steady U.S. Treasury yields after the Fed reaffirmed its “higher for longer” stance.
Oil prices, a major driver of the Canadian Dollar, have shown no significant breakout, further weakening CAD’s bullish momentum.
🔍 TECHNICAL OVERVIEW (H1–H4 Chart):
After hitting a key swing low at 1.3820, USDCAD is now retracing towards the 0.5 Fibonacci zone (1.3889 – 1.3913), which also aligns with:
The 200 EMA resistance (red line)
Previous structure rejection zone
➡️ This area is critical – it could act as a trap zone before price resumes downward or breaks to confirm a short-term bullish reversal.
📈 TRADE SETUPS:
🔻 SELL SETUP (HIGH PROBABILITY IF PRICE FAILS AT RESISTANCE):
Entry: 1.3900 – 1.3913
Stop Loss: 1.3930
Take Profit Targets: 1.3884 → 1.3859 → 1.3847 → 1.3820
🔹 BUY SETUP (IF PRICE HOLDS ABOVE THE BASE ZONE):
Entry: 1.3820 – 1.3823
Stop Loss: 1.3805
Take Profit Targets: 1.3847 → 1.3880 → 1.3913
⚠️ STRATEGY NOTES:
Be cautious during the New York session, as potential comments from Fed officials or crude oil updates could spike volatility.
This is a textbook case of “reaction vs. continuation” at a Fibo cluster – stick to confirmed candlestick signals to avoid false breakouts.
📌 FINAL THOUGHTS:
USDCAD is in a corrective rally after an extended decline. The 1.3913 zone is a key decision point. Sellers should watch for signs of exhaustion, while buyers can target short-term retracements if support holds at 1.3820.
USD/CAD Bulls Emerge at Confluent SupportUSD/CAD has responded to confluent support at 1.3714/29 - a region defined by the 78.6% retracement of the September rally and the 38.2% retracement of the 2021 advance. Note that the 25% parallel of the descending pitchfork converges on this threshold over the next few days and a break / close below is needed to fuel the next leg of the decline / mark downtrend resumption.
Initial resistance is eyed with the 61.8% retracement of the late 2023 advance / May open at 1.3794/98 and is backed closely by the median-line. Rallies should be limited to this slope IF price is heading lower on this stretch with a break / close below this pivot zone exposing subsequent objectives at 1.3590- 1.3614 and 1.3504/23 . Broader bearish invalidation extends into the 200-day moving average at 1.3990-1.4019 .
-MB
USDCAD short Market structure bearish on HTFs 3
Entry at Weekly and Daily AOi
Weekly Rejection At AOi
Daily Rejection At AOi
Previous Structure point Weekly
Around Psychological Level 1.38500
H4 Candlestick rejection
Rejection from Previous structure
Levels 5.11
Entry 105%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
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USDCAD: Long Trade with Entry/SL/TP
USDCAD
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long USDCAD
Entry - 1.3731
Sl - 1.3673
Tp - 1.3833
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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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
USDCAD: Bearish Outlook For This Week Explained 🇺🇸🇨🇦
USDCAD will likely continue a bearish trend that the market
established in February.
A bearish breakout of a support line of a horizontal parallel
channel on a daily provides a strong confirmation.
Next goal - 1.3655
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
IN DEPTH HIGHER TIME FRAME ALIGNMENT!USDCAD SHORT FORECAST Q2 W2🔥👀USDCAD SHORT FORECAST Q2 W22 D26 Y25
IN DEPTH HIGHER TIME FRAME ALIGNMENT! 🔥👀
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📝
✅Weekly 50 EMA
✅Daily 50 EMA
✅4 Hour 50 EMA
✅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
USDCAD SHORTThe price broke the structure with impulse move and retraced. The price found resistance in previous low (inside resistance), where we have a 38.2% Fibonacci retarcement level, as well as 50MA, after that price broke the correction, so i expect the price move further to the downside.
ENTRY: 1.3860
TP 1.3800
SL 1.3889
#technicalanalysis #usdcad #short
HTF ALIGNMENT USDCAD SHORT FORECAST Q2 W22 Y25USDCAD SHORT FORECAST Q2 W22 Y25
HIGHER TIME FRAME ALIGNMENT!
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.
💡In depth trade confluences provided during the week 📝
🔑 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
USDCAD - Continuation Trading Using Structure, Fibs & VolumeWHAT I'M LOOKING AT
After ending the week with a lower low & a lower close below a recent level of structure support, I'm predicting a potential bearish trend continuation opportunity here on the $USDCAD.
MY PREDICTION
If this prediction is correct I would expect a move down to the $1.35 psychological level (or right around it) as we have a confluence from both our Fibonacci extension & a spike in horizontal volume.
HOW TO GET INVOLVED
To get involved in this move I'll be looking for a a potential retracement/pullback followed by a clear sign of reversal. The 2 price levels that I have on my radar are $1.3750's & $1.3800's
If you have any questions, comments, or just want to share your views, please do so below!
Akil
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Stop Loss 🛑:
📍 Place your Thief SL at the recent swing low on the 4H timeframe (1.38500) for scalping or day trades.
📍 Adjust SL based on your risk tolerance, lot size, and number of open orders.
Target 🎯: Aim for 1.42500
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USDCAD: Bearish Continuation Ahead 🇺🇸🇨🇦
USDCAD completed a consolidation within a horizontal range.
A violation of its support and a daily candle close below that
is a strong bearish signal.
I believe that the price may drop lower next week
and reach at least 1.3655 level.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Follow Iran news to take advantage of USDCAD:Dear Traders,
follow Iran news! Really do that! Again, Trump negotiations could change everything!
How? It's all about oil! any war in the Middle east could rise the oil prices and Loonie will pump!
So, any bad news about the US-Iran negotiations, I'll take long trades with cautions. and I'll be ready to take short from any possible Zones.
If everything goes normal, I'm ready to take Long/Short after confirmation from the Green and the Blue zones.
Expectations: (Just for normal situations, A war in middle east I'll short the pair)
The Green zone is not suitable for short trades.
The White zone is not suitable for any trades.
After all, 71Billion $ for Canda economy is considerable. Persian Gulf is one of the most important energy hubs of the world.