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Usdcadshort

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
3
USD/CAD "LOONIE" Bank Money Heist Plan on BearishHello My Dear Robbers / Money Makers & Losers, 🤑💰 This is our master plan to Heist USD/CAD "LOONIE" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High Stop Loss 🛑: Recent Swing High using 1h timeframe Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂b
Short
by Thief_Trader
USDCAD limited by the 200dma & 1.3610 … the week of 16 Sep, 2024About a month ago, this pair broke below the 1.3610 level and since then has been unable to overcome it despite 7 attempts. The 200 dma has resisted bullish efforts and my bearish bias is also supported by Ichimoku Kinko Hyo. I will be on the lookout for bearish evidence on lower time frames such as H4 and H1, see how such price action relates to the 20 sma before committing to a trade. If, however, a strong move to the up side forms, that would negate my analysis. This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soro s
Short
by Trading_Vista
#USDCAD 1HSell Opportunity: USDCAD 1H Chart Pattern: Rectangle Resistance Description: On the 1-hour chart for USDCAD, the currency pair is showing a classic rectangle pattern at the resistance level. This pattern is characterized by a consolidation phase where the price oscillates between well-defined support and resistance lines, forming a horizontal channel. Currently, the price is approaching the upper boundary of this rectangle pattern, which acts as a resistance level. This is a typical sell opportunity as the market is expected to face selling pressure upon hitting this resistance. Traders should consider entering a sell position as the price tests this resistance area, with the expectation of a potential reversal or pullback. The ideal strategy would be to set a stop-loss just above the resistance level to manage risk, and look for a target within the rectangle's support range. Keep an eye on additional confirmation signals, such as bearish candlestick patterns or momentum indicators, to validate the sell setup and increase the probability of a successful trade.
Short
by PIPSFIGHTER
USD/CAD Short Trade Idea (1H Timeframe)Overview : We're currently observing a potential short opportunity on the USD/CAD 1-hour chart. The pair has been trading within a rising wedge pattern, which is often considered a bearish reversal signal. The price action is now showing signs of weakness near the upper boundary of this wedge, suggesting that a downside move could be imminent. Trade Setup: Entry: Current market price, anticipating a breakdown of the rising wedge pattern. Stop-Loss: 0.00368 (0.27%) above the entry point, placed just above the recent resistance level. This level serves as a safe buffer in case of a false breakout. Take-Profit: 0.01105 (0.82%) below the entry point, targeting the previous major support zone. This gives us a solid Risk/Reward ratio of 3:1, ensuring the potential reward significantly outweighs the risk. Risk Management: The position size is calculated to limit the risk to a manageable level, with a total of 36.8 pips at risk (Amount: 750). The potential reward for this trade is approximately 110.5 pips (Amount: 1750.68). Rationale: The rising wedge formation indicates a possible trend reversal. Combined with bearish divergence on momentum indicators (if applicable), this setup provides a compelling case for a short entry. The stop-loss is strategically placed above a significant resistance level to protect against a sudden upward move, while the take-profit target aligns with a key support zone, offering a favorable risk/reward ratio. Note: As always, ensure proper risk management and consider market conditions before entering the trade. Happy trading!
Short
by SwingMarkets
1
Why is the Canadian Dollar Outperforming Expectations?A Deep Dive into the Unexpected Resilience of the CAD In a landscape marked by economic uncertainty, the Canadian dollar has defied the odds, exhibiting remarkable resilience. This unexpected strength is a result of a complex interplay of factors, including the Federal Reserve's monetary policy, market dynamics, and global commodity trends. The Federal Reserve's Pivotal Role The Federal Reserve's shift towards a more accommodative monetary policy has been a key driver of the CAD's rally. The Fed's hints at potential rate cuts, especially in response to a weakening labor market, have weakened the U.S. dollar, boosting the appeal of other G10 currencies, including the CAD. This has created a favorable environment for the Canadian dollar, as investors seek higher-yielding alternatives to the U.S. dollar. Short Covering and Positioning Dynamics Another significant factor contributing to the CAD's strength is a wave of short covering. Traders had previously bet against the CAD, anticipating a divergence between the easing cycles of the Federal Reserve and the Bank of Canada. However, as the U.S. dollar weakened and the CAD began to rise, these short positions became increasingly unsustainable. Traders were forced to unwind their bets, adding momentum to the CAD's rally. The Impact of Rising Oil Prices Canada's significant oil exports make it particularly sensitive to fluctuations in oil prices. The recent increase in crude oil prices, driven by geopolitical tensions and potential supply disruptions, has provided a further boost to the CAD. As a major oil producer, Canada benefits from higher oil prices, which can lead to increased exports and a stronger currency. Assessing the Risks and Challenges While the CAD's rally has been impressive, it is important to acknowledge the potential risks and challenges that could undermine its momentum. The Bank of Canada's rate cuts, although expected, could narrow yield differentials and put pressure on the CAD. Additionally, ongoing global uncertainties and subdued risk appetite could limit the loonie's upside potential. Key Data to Watch Several key data releases will be closely monitored in the coming weeks. Canada's GDP data will provide insights into the health of the Canadian economy and could influence the Bank of Canada's policy trajectory. Meanwhile, U.S. economic reports, such as PCE, will be watched for potential shifts that could affect the USD/CAD exchange rate. Conclusion The Canadian dollar's unexpected resilience is a testament to its strength in a challenging economic environment. While the current momentum is positive, investors should remain cautious and closely monitor key economic indicators. By understanding the underlying factors driving the CAD's rally and assessing the potential risks, investors can make informed decisions about their currency exposure.
Short
by signalmastermind
USDCAD Trendline Breakout Ready for a Long SellHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
1:10 RISK TO REWARD SELL SETUP FOR USDCADCore Analysis Method: Smart Money Concepts Here’s a detailed breakdown of the analysis based on the Smart Money Concepts methodology: 😇 7 Dimension Analysis Time Frame: 15M Swing Structure: The structure is currently bearish, with multiple Breaks of Structure (BOS) confirming the downtrend. The price has mitigated Inducement and is now undergoing a corrective swing move. Only the extreme Sell Order Block (SOB) is identified as the Point of Interest (POI) in the Premier zone, making this area highly attractive for sellers. This area has also served as a Resistance or Demand zone for sellers in the past, adding to its significance. Pattern: 🟢 Chart Patterns: To be assessed once the price reaches the POI. 🟢 Candle Patterns: Will be updated upon the price reaching the POI. Volume: 🟢 Significant volume is observed in the selling areas, indicating strong selling interest. Momentum RSI: 🟢 The RSI is in the super-sell zone, indicating strong bearish momentum. Although there is an attempt at a range shift, it’s not confirmed yet, and the bearish sentiment still dominates. Volatility Bollinger Bands: 🟢 The volatile move is about to conclude, and the market may require some time to cool down before the next significant movement. Strength ADX: The ADX indicates that sellers are firmly in control, supporting the bearish outlook. Rating: ⭐⭐⭐⭐ (4 Stars) Probability: 60% The setup shows a moderate-to-high probability, but confirmation from patterns and additional indicators could increase this further. ✔️ Entry Time Frame: 15M ✅ Entry TF Structure: Bearish ☑️ POI: Extreme unmitigated OB 💡 Decision: Sell Limit 🚀 Entry: 1.3678 ✋ Stop loss: 1.3686 🎯 Take profit: 1.3602 😊 Risk to reward Ratio: 10 RR 🕛 Expected Duration: 2 Days SUMMARY: The analysis suggests a strong selling opportunity on the 15-minute timeframe, with a sell limit entry at 1.3678. The stop loss is tightly set at 1.3686, providing a high risk-to-reward ratio of 10:1, with a take-profit target at 1.3602. This setup is favored by the current bearish market structure and the significant volume observed in selling zones. While the momentum is still bearish, the upcoming price action near the POI will be crucial in confirming this trade's potential. Monitoring the formation of chart and candle patterns at the POI will be essential for executing this setup effectively.
Short
by Optimum369
USD/CAD is heading to 1.38(8/16/2024)After a long correction from 1.395, USD/CAD finally settled on the 1.37 zone where the bullish OB and Fib 0.382 exist. in our view, the price made a falling wedge (reversal pattern) with 5 legs. yesterday the price finally broke out of the falling wedge. We believe the price will eventually reach the 1.38 zone and then 1.385. Our technical view has been shown in the chart. If you like it then Support us by liking, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Long
by fortunamarkets
2