Price action Revisited usdcad analysis noticed there's imbalance where the green line is at current selling to that point the buys will be activated to the second red line
CADUSD trade ideas
USDCAD - Higher Probability Upside Within Broader CorrectionThe USD/CAD 4-hour chart displays a complex price structure with recent upward momentum after finding support in the blue reaction zone (approximately 1.4250-1.4280). Currently trading around 1.4350, the pair appears poised for continued upside movement, with the higher probability scenario being a break above the orange resistance line at 1.4402. This view is supported by the recent series of higher lows and the bullish reversal from the support zone. However, traders should approach this opportunity cautiously, as we remain within a larger corrective structure in the broader market context. This suggests that while the immediate bias favors upside movement, price may still experience downward swings before a definitive breakout. A prudent approach would be to take this trade piece by piece, using smaller position sizes and tighter risk management to navigate potential volatility until the orange resistance is decisively broken.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
23-03-2025 _ Short Term Bullish Idea _ USDCAD H41- After an Uptrend price is moving in a range.
2- Price has bounced from the bottom of the range.
One can expect the price to move towards the top of the range.
Next week outlook on USDCAD SELL SETUPFollowing Price pattern and IOF distribution, we see a retracement at the moment where price closed. However, with a clear sell specific W pattern, a drop should come in next week
USDCAD BUYSExpecting market to take out the structural liquidity, then tap into the QMR block and Buy
USDCAD on the RiseLet's envisage that the USDCAD has picked a discount from 1.43400 heading to 1.45500 and this could be up to 1.47000 ... Therefore I'm taking advantage of this move by going long on it to 1.45500.... Thanks
USD CAD - SHORT- Previous week low broken.
- Level has retested and rejected with a daily pin bar for the short signal.
USD/CAD: Sideways Movement Signals Possible DownsideAfter a bearish move, the USD/CAD pair staged a pullback, forming a long-tailed candle on the daily timeframe that points to a potential retest of the zone above the 1.4200 level. Currently, the market is trading sideways, positioned just above the previous day's low.
If the price breaks and closes below this low, it may attempt to retest the support zone beneath. However, with price action still contained within the weekly range, continued oscillation between the upper and lower boundaries remains possible. A move to the downside is anticipated if the pair holds below the upward trendline, with the next target being the support zone around 1.42615
USDCAD Channel Down aiming for the 1D MA200.The USDCAD pair has been trading within a Channel Down and is currently around the 1D MA50 (blue trend-line) following its latest Lower High formation.
If the current Bearish Leg is as strong as the previous one, we can expect the price to hit at least the 1D MA200 (orange trend-line) at 1.4000.
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BUY USD/CADUSDCAD is presenting a promising buy opportunity!
Take-profit target TP1: 1.4402.
Keep a close eye and get ready to ride this upward wave. Let’s profit from the market together!
SELLGod First
Minimum Risk Maximum Reward
Action Backed Believe
# faith, strategy, and execution all in one #
correctionGiven the price behavior in the current resistance area, possible scenarios have been identified.
London session sell setup on USD/CADGood morning traders
USD/CAD for the London session we expecting to see price deliver lower to take out yesterday’s low marked sellside liquidity. Good luck
UsdCad is BullishA long buy is spotted on this pair and it needs a good entry then hold long till htf Tp.
Happy Trading
USDCAD Long Intraday IdeaTrading Idea : USDCAD Intraday Long
This trade is based on a confluence of technical indicators suggesting a potential upward move in USDCAD on an 1hr timeframe.
Rationale:
The pair experienced a breakout above the 1.44 level, indicating strong bullish momentum.
Following the breakout, the price has retraced, pulling back to the 50% and 61.8% Fibonacci retracement levels. These levels are considered key support zones in an uptrend.
Additionally, the price is finding support along an established upward trend line, further reinforcing the bullish bias.
Trade Setup:
Entry: 1.43202. This entry point aligns with the Fibonacci retracement and trend line support.
Stop Loss (SL): 1.43042. This stop loss is placed below the Fibonacci retracement and trend line support, protecting against potential downside risk.
Take Profit (TP): 1.43581. This target represents a potential upward move following the retracement and aligns with intraday volatility.
Key points:
The combination of a breakout, Fibonacci retracement, and trend line support creates a strong technical case for a long position.
This is an intraday trade, so quick execution and monitoring are essential.
As always, consider current market conditions and news events before entering the trade.
USD/CAD 4H range opportunityThe USD/CAD has re-entered its 4-hour range. The lower zone around 1.4275 could be an opportunity to initiate buy positions, aiming initially at the bearish trendline currently near 1.44.
If this bearish trendline breaks, the second target will be 1.4490, the top of the range.
Conversely, a bearish break below 1.4250 would invalidate this scenario, as the range would then be broken to the downside.
USDCAD is taking support on a trendlineUSDCAD is taking support on a trendline. A buy entry should be taken with RRR 1:3
USDCAD Trade CompleteUSDCAD trade setup hit full TP!
after all the market news and manipulation, we held it patiently and waiting!
unto the next!!!
Sell Setup at Key Level & High-Value VWAPI have planned a short entry on USD/CAD around a key level that aligns with a high-value VWAP from the second week's low of this month. This VWAP has consistently acted as a strong reference point, showing Rhythm being tested and reinforcing its significance. Given its role in attracting liquidity and providing structural resistance, I see this as a high-probability area for a sell opportunity.
Since there are currently no significant fundamental factors affecting the U.S. dollar or the Canadian dollar, I am basing this setup entirely on price action and technical confluence. I will wait for confirmation on lower timeframes before executing the trade.
USDCAD Is Going Up! Long!
Take a look at our analysis for USDCAD.
Time Frame: 10h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.437.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.446 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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