Correction According to the behavior of the price in the range of the current ceiling, possible scenarios have been identified. It is expected that a change in the trend will take place and we will see the beginning of the correction process
USDCAD trade ideas
USDCAD upside target 1.4560On the weekly chart, USDCAD maintains an upward trend, and bulls are strong. USDCAD may continue to rise. Currently, we can pay attention to the support around 1.4270. If it falls back and does not break, we can consider continuing to buy. The upward target is around 1.4560.
USDCAD BULLISH TO $1.42Overall still bullish on USDCAD as my Elliott Wave Theory strategy predicts little upside is left, AFTER a retracement.
⭕️Wave 3 (III) Complete.
⭕️Wave 4 (IV) Correction & Final Wave 5 (V) Bullish Leg Yet Pending.
⭕️DXY Bullish, Meaning USDCAD Is Still Bullish.
USDCAD BULLISH TO $1.42 (UPDATE)
What did I tell you all 3 days ago? Wave III has completed, so we should expect a retracement down towards Wave IV. USDCAD has dropped 150 PIPS towards our supply zone, so well done if you caught short term sells!
Price is now rejecting our supply zone with bullish momentum, so you can start looking to getting into buys towards major Wave V & major Wave Y.
#013 NEW DCA USDCAD UP TRENDIf price goes up, then just buy. Look for clean price action.
DCA when price goes against us, scale in when price moves in our favour. Same coin of different sides.
1338SGT 17122024
Kinda tired of forex because the movements isn't as strong as stocks and there's the counter currency pulling action.
#008 NEW DCA USDCAD Buy Up TrendI bought USDCAD just because I saw that it has been trending.
No other reasons. I think sometimes no reason but because it is trending is a very good reason.
Just like duolingo, godaddy, marriott, tesla. Don't question. No need for question.
Obviously if something is going to go upwards and it has been going upwards, plus being strongly going up, you would want to take a piece out of it. You dont question why its going up. You just grab that wall flower and begin peddling. Once the trend dies, and you give it logic, you kill yourself with the logic when the logic doesn't work out the way you thought.
So, don't think. theres nothing to think about.
1547SGT 13122024
Uptrend The uptrend is expected to continue until the specified resistance levels are formed. Then there is a possibility of a trend change.
USDCAD in bullishUSDCAD in bullish trend printing a rising wedge place Sell stop blow the Higher High
USDCAD continuation upwards to moonUSD/CAD is looking to continue upward. Charts is showing a bullish penant , look for a buy
USDCADThe potential BUY scenario for the pair
The pair is under observation as it approaches the designated BUY zone on the chart.
USDCAD - Possible Outcomes20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends: (Away from charts)
It will be prudent to give your mind, body and soul a good rest, to recharge for the new upcoming exciting year!
How I see it:
Strong weekly bullish close.
In case of a correction,
Can support hold for bullish continuation?
Keynote!
Alot of data this week. Trade safe as the year is coming to an end.
I deeply appreciate you taking the time to study my analysis and point of view.
USDCAD : Approaching the Historical Resistance of 1.43
Following the breakout of the 1.39 historical resistance and a pullback near this level, as noted in the previous analysis, the pair has continued to rise. On this time frame, the price is approaching the key 1.43 resistance, last touched on March 31, 2020. The reaction to this level will largely depend on dollar movements and the outcomes of the U.S. Federal Reserve meeting. If this level is broken, further growth toward the marked supply zone can be anticipated.
Read The USDCAD MarketLet's Looking at USDCAD Chart in all Scales and Prepare For start the next Week, Good Luck With Your Trades <3
Flag It or Miss It...ChatGPT
🚩 Flags Don’t Lie 🚩
🔥 Traders, here’s the deal: The market loves patterns, and this chart is waving more flags than the Olympics. Bullish, bearish, they’re all here—clear as day if you know where to look. Let me break it down George-style:
1️⃣ The Bullish Flags:
See those upward rockets followed by tiny breathers? That’s the market catching its breath before sprinting again. Every breakout screams, “Get on or get left behind.” Smart traders saw these setups and printed their wins. Did you?
2️⃣ The Bearish Flags:
Now for the nosedives. The market didn’t just fall; it crashed, paused, and said, “Hang on, let me make it even worse.” Those bear flags aren’t just patterns—they’re market whispers, saying, “The pain’s not over yet.”
3️⃣ The Current Breakout:
This isn’t just any breakout; this is the market screaming, “Up, up, and away!” That bullish flag just snapped, and if you’re not riding this move, you’re watching history from the sidelines.
⚠️ Lesson? Flags are your friends, but only if you know how to read them. They’re the market’s way of leaving breadcrumbs for the pros and traps for the tourists.
💡 Stop guessing. Start seeing. Because while you’re overthinking, someone else is cashing in.
🎯 Ready to master these setups? Join the ‘Road to a Million’ and stop trading like a tourist. Snipers only. Link in bio.
P.S.: Next time you see a flag, ask yourself: Am I waving it or winning with it? 💥
USD_CAD WILL KEEP GROWING|LONG|
✅USD_CAD keeps growing
In a strong uptrend and
The pair broke the key
Horizontal level of 1.4190
So we are bullish biased
And we will be expecting
A further move up
LONG🚀
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From our previous USDCAD AnalysisOur Yesterday's Gopher Setup Seems to be playing really well, Taking Out partials and leaving the rest with breakeven might not be a very bad idea afterall
How High Can USD-CAD Go? USD - CAD has been going up and is in a strong bullish trend according to Ichimoku signals.
Ichimoku:
-Tenkan Sen is avove Kijun Sen and pointing up
-Kumo is up, thick and Senkou Span A and B are pointing up
-Chikou Span is above the candles and has no resistance in the future
-Price broke Yellow focus lines to the upside
Price action:
-broke big inside bar to upside
-broke couple doj at resistance level
-broke resistance level
Price Target:
-Price reached n-target but could get tot V and E, because there are no signals of slowing down.
Weekly is also strong bullish.
*im a beginner trader and learning. I make these analyses for myself. Please comment on my analysis because i want to learn.
www.tradingview.com
USDCAD Long Updateusdcad long pattern as flag and pole on 1h time frame posted on 28 November. Final TP is near and 1st TP hit
correctionA corrective and fluctuating trend is expected to form and proceed to the specified Fibonacci levels. Then the upward trend will likely continue
USDCAD- LONG & SHORT PLANs Based on sentiments and charting pattThere are two Trade Plans;
LONG : If the neck line is broken, we can go for buy opportunity
Evidences: AB=CD pattern , Formation of Cup and Handle pattern
SHORT : Due sentiments and formation of bearish divergence on 4h time frame rejection candle (Shooting star) on strong 1h time frame. if the support is broken, we can look for sell opportunity.
Optimism for the Gopher or its smoke and mirrors?USDCAD seems to be continuing with its long term Bullish trend. Is this some kind of a trap or its indeed on ascension?
