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Usdcadsell

11 RR Sell Setup for USDCADCore Analysis Method: Smart Money Concepts Based on the Smart Money Concepts methodology, we have identified a strong demand zone on the daily timeframe, which has once again given a strong rejection, changing the price character from bullish to bearish on the H1 timeframe. 😇 7 Dimension Analysis Time Frame: H1 Swing Structure: Bearish CHoCH from higher timeframe zone rejection. Took inducement and now ready for a corrective swing move with its 1st pullback. Internal structure turned bullish for a correction towards extreme and decisional POI (Order Flow or Order Block). Preferred POI: Order Flow in the Premier zone of the swing. Entry Model: Regular SMC. Daily Resistance: Supply zone where sellers still have full control, with the 3rd breakout attempt failure. Pattern: 🟢 Chart Patterns: Reversal: Head and Shoulders pattern is clearly visible and completed. 🟢 Candle Patterns: Observed multiple reversal candlestick patterns on the daily timeframe, including Doji, Long Wick, Engulfing, and Dark Clouds. These patterns indicate strong bearish momentum at the level. Volume: 🟢 Very massive volume observed on the daily timeframe right before and after rejection, with the price reacting bearish. This is a strong indication for a sell position. Momentum RSI: 🟢 Price is in the bullish zone yet, but strange things are noted in terms of momentum on the daily timeframe. 🟢 Strongest 3-candle divergence and loud moves. According to Andrew Cardwell's method (used for momentum analysis with RSI), loud moves are almost 90% confirmed moves. Volatility Bollinger Bands: 🟢 After one of the longest contraction phases, the breakout to the upper side was unable to give the expected move and was rejected after a squeeze breakout. 🟢 Walking on the band took a rejection with a head fake, indicating strong bearish control here. Strength ADX: Neutral Rating: ⭐⭐⭐⭐⭐ Entry Time Frame: H1 Entry TF Structure: Bearish CHoCH POI: Waiting for mitigation Decision: Sell limit order with extreme risk (as per my money management strategy). 🚀 Entry: 1.3855 ✋ Stop loss: 1.3955 🎯 Take profit: 1.2818 😊 Risk to reward Ratio: 11 RR 🕛 Expected Duration: 45 Days SUMMARY: Based on the comprehensive analysis using Smart Money Concepts, a sell limit order at 1.3855 with a stop loss at 1.3955 and a take profit at 1.2818 is recommended. The setup shows strong bearish indications across various parameters, making it a high-probability trade. The expected duration for this trade is 45 days with a risk to reward ratio of 11 RR. If any one want learn this type of analysis can contact
Short
by Optimum369
USDCAD → Trade Analysis | SELL SetupUSDCAD forms a false breakdown of resistance, reached the resistance zone, but was subsequently pushed back down. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
1
7 Dimension Sell Setup For USDCAD Core Analysis Method: Smart Money Concepts 😇7 Dimension Analysis Time Frame: H1 1: Swing Structure: The market is basically in a bearish to sideways zone. After the last lower low, there was no significant corrective swing move. With 4 pullbacks, it has almost reached the extreme POI OB at the Premier area of the structure. 🟢 Entry Model: ABCD A strong resistance or demand zone has already formed at this level. 2: Pattern 🟢 CHART PATTERNS: Reversal: Double top at the demand zone makes this very appealing for sellers. 🟢 CANDLE PATTERNS: Momentum: FOMO candle indicates last players or profit-takers are active. Dark cloud cover at the top of the move. Tower top candlestick pattern is also complete and respects the market. 3: Volume: Very high selling volume observed at the top. After an inside correction, there is no volume when the price goes up for another move, indicating no buyers are interested. So, we can see sell opportunities here as every swing shows a decline in volume. 4: Momentum RSI 🟢 Surprisingly, the market is in a super bullish momentum zone with no signs of range shift or divergence. In terms of momentum, there is no single sign for a sell, which is strange here. 5: Volatility Bollinger Bands 🟢 Contraction is fully held yet and everything supports a bullish view. It’s confusing as there are no bearish signs in volatility terms. However, a bearish M pattern is forming, though it's not a strong sell signal at the start. A band puncher is also in place. 6: Strength: Bulls are in power yet. 7: Sentiment: The market does not give us any proper signal yet. According to price action, there is a bearish setup, and volume supports it, but momentum, volatility, and strength do not. It's better to wait for a proper setup. I favor bears but only after further confirmations. So, I am going to check the lower time frame (M5). ✔️ Entry Time Frame: M5 ✅ Entry TF Structure: Corrective ✔ Entry Time POI: Mitigated ☑️ Trend line breakout: Done 💡 Decision: Sell 🚀 Entry: 1.3766 ✋ Stop Loss: 1.3780 🎯 Take Profit: 1.3650 😊 Risk to Reward Ratio: 7RR 🕛 Expected Duration: 4 Days SUMMARY: Analysis supports a cautious sell position based on Smart Money Concepts methodology, pending further confirmations due to mixed signals in momentum and volatility.
Short
by Optimum369
USDCAD BUY TREND 04/07/2024It's been a while... Based on a detailed analysis of the 1M chart, we anticipate that the USDCAD pair will experience an upward movement. Although this analysis is derived from the 1M chart, the idea is published on the 15M chart for clarity and presentation purposes. Key Points: Trend Direction: Upward movement expected Risk Management: Exercise caution as the pair may experience temporary declines, presenting additional buying opportunities Timeframe: Expect changes within the next week Take Profit (TP): A TP line has been established. Regular updates will be provided to indicate optimal points for closing all trades Alerts: Set alerts to receive timely notifications on when to close trades, ensuring you maximize your gains and manage risk effectively We will continuously update this idea with crucial information on when to close positions. Make sure to stay tuned and adjust your strategy accordingly. Wishing everyone a happy and prosperous 4th of July!
Long
by TradeWithConfidence
5
USDCAD SELL | Idea Trading AnalysisUSCAD is moving in a descending channel, We expect the decline to continue after the dynamic resistance is retested. USDCAD is near the resistance, where price dropped before. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
9
USDCAD Structure ShiftedAs per the weekend analysis it seems we are about to see a drop coming in USDCAD towards 1.3660. as we have Monday opening left, i am not expecting any gap to be occurring in the market. expecting price not to breach its current swing high of 1.3780 level while maintaining a bearish bias. Entry can be done around at current level . but i would like to wait till Monday new York opening to see more price action to come. will update more about this pair and setup with entry and stoploss soon. do comment like share and subscribe for more detailed videos of trading setups
Short
by Rizwan-Ali
USDCAD - Awaiting Breakout Amid Key Economic Data ReleasesThe USDCAD pair is currently forming a wedge-type pattern, indicating a period of consolidation that typically precedes a significant price movement. The forthcoming Non-Farm Payrolls (NFP) and Consumer Price Index (CPI) data releases will be critical in determining the direction of the breakout. ---------------------Key Levels:-------------------------------- Strong Support: 1.36000 Medium Resistance: 1.37500 Strong Resistance: 1.38500 Current Market Sentiment: At this juncture, we maintain a neutral bias on USDCAD, given the potential for either bullish or bearish developments contingent on upcoming economic data. ________________Technical Indicators:__________________ Support and Resistance Analysis: The pair is testing critical support at 1.36000. A break below this level could signal a bearish trend, targeting lower levels as the market reassesses USD strength. Wedge Pattern Formation: The wedge pattern suggests an imminent breakout, though the direction remains uncertain pending economic data. Volume Analysis: Observing volume spikes during the breakout will be essential to confirm the direction of the trend. _____________________Potential Scenarios__________________ Bullish Scenario: Trigger: A breakout above the medium resistance at 1.37500. Implication: If USDCAD breaks and sustains above 1.37500, it could pave the way for a continuation towards the strong resistance at 1.38500. Target: 1.38500 and potentially higher if bullish momentum persists. Action: Monitor for buy signals upon confirmation of the breakout with increased volume. Bearish Scenario: Trigger: A breakdown below the strong support at 1.36000. Implication: A decisive move below 1.36000 would likely initiate a bearish trend, with the potential for accelerated selling pressure. Target: Lower levels, possibly revisiting the next significant support zones around 1.35000 and 1.34000. Action: Consider sell signals if the price breaks below 1.36000, ensuring confirmation through sustained lower price action and volume. Conclusion: USDCAD is poised at a critical juncture within a wedge-type pattern. The upcoming NFP and CPI data releases are expected to provide the necessary catalyst for a breakout. Traders should remain vigilant and ready to react to a confirmed breakout above 1.37500 for a bullish trend or below 1.36000 for a bearish trend. Recommendation: Maintain a neutral stance until the price action dictates a clear direction. Utilize stop-loss orders to manage risk effectively and be prepared to adjust positions based on the market response to the upcoming economic data. Disclaimer: This report is based on current market conditions and is intended for informational purposes only. It does not constitute financial advice. Always conduct your own research or consult with a professional before making trading decisions.
by trading_jupiter