USDCAD is sitting on a major demand zone around 1.38579 — clearly marked by the orange box. We’ve seen strong rejections here in the past, and price is now consolidating at the very edge of this zone.
Above us, there’s a key resistance level at 1.40664, aligning with the supply zone (blue box). This creates a beautiful range-trading opportunity or even a potential breakout play.
---
What to Watch:
1. Bullish Scenario (Green Arrows):
If price holds this demand zone, we may see a bounce to 1.40664 or even a clean breakout toward 1.42000.
Watch for a strong bullish engulfing candle or liquidity sweep at the bottom of the zone.
Confirmation could be an impulsive move up with volume.
2. Bearish Break (Low Probability for Now):
If price breaks and closes below 1.38500, expect a deeper drop — but volume and structure will confirm this.
Look for a retest of the zone from below before shorting.
---
Why This Setup Matters:
Order blocks and supply/demand zones show where smart money trades.
Combining price action + structure + zones gives you a high-probability edge.
No need for indicators — just read the chart and wait for confirmation.
---
My Plan:
I’m watching this zone closely for a bullish reaction. If I get a clean entry signal, I’ll target 1.40664 and trail my stop.
Risk management is key — no FOMO.
---
What Do You Think?
Will USDCAD bounce or break?
Drop your thoughts in the comments and let’s learn together!
---
Follow for More:
If you like clean price action setups like this, follow me for more daily updates and trading ideas.
Above us, there’s a key resistance level at 1.40664, aligning with the supply zone (blue box). This creates a beautiful range-trading opportunity or even a potential breakout play.
---
What to Watch:
1. Bullish Scenario (Green Arrows):
If price holds this demand zone, we may see a bounce to 1.40664 or even a clean breakout toward 1.42000.
Watch for a strong bullish engulfing candle or liquidity sweep at the bottom of the zone.
Confirmation could be an impulsive move up with volume.
2. Bearish Break (Low Probability for Now):
If price breaks and closes below 1.38500, expect a deeper drop — but volume and structure will confirm this.
Look for a retest of the zone from below before shorting.
---
Why This Setup Matters:
Order blocks and supply/demand zones show where smart money trades.
Combining price action + structure + zones gives you a high-probability edge.
No need for indicators — just read the chart and wait for confirmation.
---
My Plan:
I’m watching this zone closely for a bullish reaction. If I get a clean entry signal, I’ll target 1.40664 and trail my stop.
Risk management is key — no FOMO.
---
What Do You Think?
Will USDCAD bounce or break?
Drop your thoughts in the comments and let’s learn together!
---
Follow for More:
If you like clean price action setups like this, follow me for more daily updates and trading ideas.
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✅JOIN FREE SIGNALS t.me/frankfxforextrade
✅FOR VIP DM: t.me/frankfx22
✅ Dbot dbot.frankfxx.com
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ DERIV frankfxx.com/deriv
✅FOR VIP DM: t.me/frankfx22
✅ Dbot dbot.frankfxx.com
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ DERIV frankfxx.com/deriv
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.