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USDCAD trade ideas

USD/CAD: Awaiting Bearish Continuation Before Potential ReversalThe USD/CAD pair has shown resilience even as the USD/DXY continues to strengthen. However, it seems to be taking its time to find a robust Support/Demand zone before embarking on a corrective phase. Our analysis, which integrates Seasonality trends, the COT report, and our proven Supply and Demand strategy, points towards an impending continuation of the bearish momentum. Currently, we are closely monitoring the 1.36480 level—a key area where price action is likely to encounter significant demand. It is at this juncture that we expect to see a pattern indicating a potential reversal. Should such a pattern materialize, it would provide a strong signal for entering a long position at the market. This strategic approach allows us to capitalize on the anticipated recovery following the completion of the bearish cycle, positioning ourselves for a favorable entry as the price gears up for a bullish turn. ✅ Please share your thoughts about USD/CAD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
USD/CAD Trade Setup: Long Position from Fibonacci Golden PocketI've entered a long position on USD/CAD, using the Fibonacci retracement for my setup. The entry is based on the golden pocket level, a key area between the 61.8% and 65% retracement levels, which often acts as strong support. Although I've been underwater on this trade for a while, I'm still confident in the strength of the golden pocket. My stop loss is strategically placed below this level at 1.37115 to protect against further downside. I'm targeting the 0.382 Fibonacci level for my final take-profit at 1.38110. I'm also considering adding to my position if we get a four-hour close above the EMA on the 4-hour chart, which would further confirm the bullish setup. I'll keep you posted as the trade develops.
Long
by CryptoHydro
USD/CAD H1 | Potential bearish reversalUSD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.3754 which is a pullback resistance. Stop loss is at 1.3780 which is a level that sits above the 23.6% Fibonacci retracement level and an overlap resistance. Take profit is at 1.3717 which is a pullback support. 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. 68% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 POTENTIAL SHORT OPPORTUNITYHello Everyone! How are you all? UsdCad is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on. So, I will be looking for a bearish continuation because of the following reasons: 1. Strong Rejection of the AOI and Sell Impulse move. 2. The price has formed a sell structure in the form of HnS. 3. The price is approaching the value area on the LTF. Game Plan: If the price comes to the VA, and rejects at that level or sweeps the High. Entry : will look for a risk sell entry within the flag.
Short
by DTreasureMarketHub