USDCAD trade ideas
4-hr USD/CAD: A 200-pip Drop AnticipatedAfter a massive 1,000-pip rally since October, USD/CAD is showing signs of momentum exhaustion. A solid resistance has formed at 1.4450, suggesting early buyers are now likely taking profits. Major indices are stabilizing, and commodities are recovering—signals that the USD may weaken.
The immediate support at 1.4336, coinciding with the 23% Fibonacci retracement, has been tested several times but now appears unlikely to hold. If this level breaks, the next support is expected at 1.4190, aligning with the critical 50% Fibonacci retracement. This area, previously a resistance, seems like a logical target for sellers.
Traders looking to capitalize on a potential drop in USD/CAD might wait for a confirmed break of the immediate support before entering short positions. With broader market conditions hinting at a USD decline, the pair may be poised for a pullback if sellers gain control.
Daily CLS, Key Level - Daily ob (H1 refined) Model 1Daily CLS, Key Level - Daily ob (H1 refined) Model 1
you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
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Monday FocusHello guys, today, I decided to record a video which was uncomfortable since it was my first time and I'm glad I did that. Here is a detailed look for what I am looking for today. Have a great day guys!
USD/CAD H4 | Approaching multi-swing-low supportUSD/CAD is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 1.4343 which is a multi-swing-low support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 1.4290 which is a level that lies underneath a pullback support.
Take profit is at 1.4466 which is a multi-swing-high resistance.
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USDCAD 6to1 RR Solid LongThe Trends are all up Monthly Weekly Daily 4-Hour Timeframes.
The stop is below the H4 Support level.
And target is on psy level 1.45000 combined with the D1 resistance (need to scroll abit to left to see it) as we expect a brreak of H4D1 highs for a trend continuation. And we are not targeting the weekly charts visible high as it seems too far off.
Solid trade good information on our side, and very strong RiskReward of 6to1.
USD/CAD Breakout OpportunityTrading Idea: USD/CAD Breakout Opportunity
USD/CAD has paused its four-day rally, trading near 1.4400 during the Asian session. The Canadian Dollar is supported by rising oil prices, with WTI nearing $73.50 per barrel, while US Dollar strength from the Fed’s hawkish stance limits the downside.
Technical Outlook:
The pair is consolidating within a rectangle pattern. The best trading approach is to wait for a confirmed breakout:
Upside breakout: Indicates continued bullish momentum.
Downside breakout: Signals a potential CAD-driven correction.
Key Levels to Watch:
Resistance: 1.4430–1.4450
Support: 1.4360–1.4380
Risk management is essential—always use stop-loss orders and manage your position size to protect your capital.
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USDCADUSDCAD is mitigating weekly supply zone of imbalance. Retail sentiment is extremely bearish for USDCAD. Will be looking for potential shorts after break of 4hr market structure and retail sentiment turns majority bullish.
Bullish bounce?USD/CAD is falling towards the support level which is a pullback support level that lines up with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.4412
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 1.4386
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Take profit: 1.4463
Why we like it:
There is a pullback resistance level.
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USDCADWe looking for selling opportunities for as long, as the market is respecting the resistance zone resulting in sells to the downside|1H TIMEFRAME
USD_CAD WILL GO DOWN|SHORT|
✅USD_CAD has hit a key structure level of 1.4467
Which implies a high likelihood of a move down
As some market participants will be taking profit from their long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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USDCADThe expected trajectory for the pair in the coming days suggests a likely continuation of the upward trend.
USD-CAD Local Short! Sell!
Hello,Traders!
USD-CAD has hit a horizontal
Resistance level of 1.4466
And we are already seeing
A bearish reaction so we
Will be expecting a local
Bearish correction
Sell!
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Check out other forecasts below too!
RECENT USD/CAD BUY TRADE EXPLAINED…Happy Saturday traders! 😎💰
Would like to share what my thoughts were on the USDCAD BUY TRADE I took going into the new year.
The USD/CAD was trading above a KEY RESISTANCE area. As explained by the red/black/green indications on the chart.
Don’t forget to like and share your thoughts on this awesome trade.
USDCAD LONGI provided the long idea on friday and said USDCAD will probably expand higher. Now i believe its heading for 1.46
USDCAD Reversal Imminent, Downside ExpectedHello,
FX:USDCAD is currently at a 1-year high of 1.44672, but despite the present movement, a significant downside is anticipated, and a reversal seems imminent. However, confirmation from the 1-week pivot point (PP) is still needed, as it has been acting as support so far. If resistance isn't confirmed for a bearish reversal, the price may test the March 2020 high of 1.466. Either way, a downside move is expected, whether after the first or second scenario.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
UCDCAD LongThe weekly volume profile was closed above the value area, which was high. Going into next week, I am looking for buys. I would like to see a healthy pullback to the 1.44065 area before the price buys off. Of course, I will look for extra confluence for buys, such as a price on the Daily Session Volume Profile indicating buyers' momentum.
USDCAD SHORTCOT: About OK.
Overvalued, long team around mean.
Seasonality is okey until end of January.
Use proper risk managment, dont be so greedy.
Good luck, I hope we will make money from it.
SupplyDemandTechnology.
USDCAD H4 AnalysisOrder Flow: BULLISH
Buy Side Liquidity: NEXT TARGET
BSL (Buy Stop Limit) Level: PREVIOUS MONTH HIGH
Get ready to ride the bullish wave!
USDCAD-SELL strategy 2D Chart The pair is very overbought on all longer term charts, i.e. 12-hour up to the weekly.
There is a good chance for large scale correction, and I feel that we may correct towards 1.4050 over time.
Strategy SELL @ 1.4390-1.4430 range and take profit initially @ 1.4257 for now.
USDCAD trade analysis / ascending channel + symmetrical triangleUSDCAD got the buy bias. Been checking it for trend indicators, all indicating for buys. As noticeable, it's been slowing down, creating what looks like mostly consolidation. But in the midst of it all, there is most importantly other patterns like an ascending channel and a symmetrical triangle. After combining these ideas, my best guess is to buy. Buy limit is set right above symmetrical triangle pattern with stop loss below the mid-zone of the triangle, and take profit is set right below the current terminal of ascending channel.
USD/CAD Short SETUP!!!USD/CAD Possible Downward Movement
A trading setup with a very favorable risk-reward ratio. Always use a stop-loss to protect your capital, and never risk more than 1-2% of your portfolio on a single trade. Wishing everyone success and profitable trading!
Forex trading+The 3 Step Rocket Booster StrategyAm from trying to record a video
but for some reason my voice is low
and am not sure what it is..
-
Maybe am not feeling well,
or I have a cold.
-Anyway I wanted to share with you
this forex pair CAPITALCOM:USDCAD
Which is following the rocket booster
The rocket booster strategy has 3 steps:
Step#1: The price is above the 50 EMA
Step#2: The price is above the 200 EMA
Step#3: The price has to gap up
Now the price gap up, could also be a rally
or when the price is generally
at a new 52 week high.
Its at this point that the price action
finds support
At this support level is your entry opportunity
before another gap occurs in the future.
Rocket boost this content to learn more
Disclaimer: Trading is risky
please learn risk management
and profit-taking strategies.
Also feel free to use a simulation trading tool
before you trade with real money.
