U.S. Dollar / Canadian Dollar

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U.S. Dollar / Canadian Dollar forum



USDCAD From the chart, here's a clear breakdown of my setup:

Entry Point

Suggested Entry: 1.4315 (current price region aligns with minor resistance)

Target (TP) Levels

1.4260 — First TP (initial support zone)

1.4210 — Final TP (stronger support level)

Stop Loss (SL)

Suggested SL: 1.4355 (above recent highs and resistance zone)

Key Support & Resistance Levels

Resistance: 1.4355 / 1.4315
This structure aligns with your bearish bias (noted by the red arrow targeting lower zones). Ensure you monitor price action for confirmation before entering. Would you like a refined risk-reward ratio calculation?

USDCAD gains traction after bouncing from 1.4235**, recovering from a one-month low. However, it **struggles to hold above 1.4300** amid **modest USD weakness**, snapping a three-day losing streak.

USDCAD long position- closed - about 25 pips- remember- to always place stops- especially when market is ranging/consolidating, there will be lots of back and forth movements- not every trade needs to be 50+ pips- 15-20pips adds up fast-

USDCAD Nice entry on the 6am candle (break and retest). and that's me out and done for the week. TP hit
Snapshot

USDCAD Back in a short. Got pummeled yesterday. Had 3 riding down. For whatever reason moved 2 of them to break even without double checking 4hr structure. Then for some reason opened another one at 8:30 GMT last night and then all hell broke loose. I do see signs of BOS to the upside on the 1 hr and then you look at the 4 hr and it contradicts it. Confusing.


USDCAD all bulls. explain why would you go long on this pair?