short to fill up W on bottomIm looking for short in short therm to patter which is not fill until now W on bottom in 5 min tf
CADUSD trade ideas
USDCAD / TRADING INTO DESCENDING CHANNEL & STRAIGHT CHANNEL - 4HUSDCAD / 4H TIME FRAME
HELLO TRADERS
Trend Analysis:
1. August Price Trend:
- The price decline of 4.04% indicates a downward trend throughout the month. This could be due to various factors like market conditions, seasonal variations, or external economic influences.
2. September Price Behavior:
- The initial 1.52% rise in September suggests a possible recovery or correction after the August decline. This could indicate a shift in market sentiment or a reaction to events that occurred at the start of the month.
- The predicted 1.93% decline by the end of September suggests that the recovery was temporary and that the overall trend may continue downward. This could imply continued bearish sentiment or anticipation of adverse conditions.
Technical Analysis:
1. Current Market Condition:
The asset is under bearish pressure , As long as the price remains above 1.361, the bearish momentum is expected to continue.
2. Upward Condition:
- Target 1: If the price breaking 1.361 by closing 4h candle above it , it's expected to rise to 1.370.
- Target 2: If the price stabilizes above 1.370 , the next target is 1.374.
3. Downward Condition:
- If the price trade below 1.361 , it suggests a potential decline:
- Target 1: A decline to 1.350.
- Target 2: If it breaks below 1.350, further decline is expected to 1.344.
USDCAD: Bearish Move From Key Level 🇺🇸🇨🇦
USDCAD looks very bearish after a test of a key intraday/daily structure resistance.
The price formed a double top pattern after its test on an hourly time frame.
With a high probability, the pair will reach 1.345 level soon.
❤️Please, support my work with like, thank you!❤️
Bearish reversal off pullback resistance?USD/CAD is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 1.3493
Why we like it:
There is a pullback resistance level.
Stop loss: 1.3547
Why we like it:
There is an overlap resistance level that is slightly above the 50% Fibonacci retracement.
Take profit: 1.3421
Why we like it:
There is a pullback support.
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Why I Think USDCAD Will Continue To Sell This WeekHey Rich Friends,
I hope all is well. I think UC will continue to be bearish this week and here is what I am looking at:
- The market has already created and rejected a new swing high at 1.36475. This is a bearish confirmation for me
- Structure has been broken on the downside, confirming a bearish trend
- The 10 EMA (purple) has crossed about the 3 EMA (blue). This is a bearish confirmation for me
- The Stoch is facing down, the slow line (orange) is above the fast line (blue) and both lines are below 50, preparing to cross below 20. These are bearish confirmations for me
I will be using previous lows as potential TPs and previous high for my SL.
I hope this makes sense and helps someone! Great luck if you decide to take this idea.
Peace and Profits,
Cha
USDCAD On The Rise! BUY!
My dear followers,
I analysed this chart on USDCAD and concluded the following:
The market is trading on 1.3462 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.3536
Safe Stop Loss - 1.3420
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
USD/CAD Butterfly Harmonic Pattern - Potential Reversal Setup?The chart focuses on the USD/CAD currency pair and highlights a visible harmonic pattern, along with technical indicators that provide additional signals. The analysis is based on a 4-hour chart, giving insight into short to medium-term trading opportunities.
The visible pattern on this chart is a Butterfly Pattern, which differs from the Gartley pattern by typically signaling a strong reversal at point D, often leading to a sharp corrective move. The chart suggests that point D has been reached, signaling a possible buying opportunity.
Technical Indicators:
The TDIGM indicator suggesting that selling pressure is exausted, and an upward move might be imminent.
Price appears to have found support near point D, indicating that sellers are losing strength, and a bounce may be on the horizon.
Strategies:
1.Short-Term Long Position:
Since point D represents the completion of the Butterfly pattern, it suggests a potential bullish reversal. A buying strategy could be profitable here.
Buy Entry: Near point D (around 1.3435), where the chart shows price stabilizing after the decline.
Stop Loss: Below point D, around 1.3400, to protect against a false support break.
Take Profit: Initial targets can be around 1.3500 and 1.3550, based on previous resistance levels and the expected recovery.
2.Short-Selling on a Breakout:
If the identified support at point D breaks, a selling strategy may be considered.
Sell Entry: Below 1.3400.
Stop Loss: Above 1.3450, in case of a false breakdown.
Take Profit: Targets can be set around 1.3350 and 1.3300, based on previous support levels.
If the Butterfly pattern holds and point D maintains support, we expect an upward move; if price breaks below point D, further declines are likely.
USD/CAD 1H Bearish Outlook: Distribution Phase 1. Market Structure Overview
The market appears to be in a Wyckoff Distribution Phase, as evidenced by the formations of UT (Upthrust) and UTAD (Upthrust After Distribution). This suggests a shift from accumulation to distribution, where large institutional players are offloading positions.
LPSY (Last Point of Supply): The market has already completed a major distribution event, with the LPSY confirming the last attempt to drive prices higher before a downward move.
The BOS (Break of Structure) in the 4H timeframe signifies a bearish transition, further confirming the market's intent to reverse from the current distribution range.
2. Key Levels and Fibonacci Retracements
Resistance Zone: The 0.786 Fibonacci retracement at 1.3587 represents a significant resistance level, aligning with the BC Distribution Zone on both the 1H and Daily timeframes. Any upward retracements would likely find resistance around this level.
Support Levels:
0.618 Fibonacci retracement at 1.3560 serves as a critical short-term support.
0.5 Fibonacci level at 1.3535 aligns with key internal support levels from previous price action and provides a potential downside target.
Point of Control (POC) for 1H distribution sits around 1.35604, highlighting where the most trading volume has occurred. This is a significant level for potential reversals or rejections if prices return to this area.
3. Current Market Sentiment and Projection
Current Price Action is located around 1.3510, which aligns with a weak low forming the A-leg of a corrective pattern. This corrective movement (Wave A) follows a sharp downtrend from the UTAD.
Phase B Leg (Expected): The market is likely entering a retracement or pullback, with Wave B expected to bounce towards the 0.618 Fibonacci level at 1.3560. This would be the ideal level for a bearish continuation.
Wave C Completion: Following the Wave B bounce, the chart suggests another leg down (Wave C), which should aim for lower support zones around 1.3440 to 1.3419, targeting the sell-side liquidity and completing a bearish market cycle.
4. Liquidity Zones
Sell-Side Liquidity: As the market approaches 1.3419, sell-side liquidity from retail positions is expected to be captured. This zone marks the end of the current leg down and could trigger larger order flow or institutional interest.
Buy-Side Liquidity is located above 1.3560, and any significant upward retracement into this area would likely result in a strong reaction from sellers, driving prices lower again.
5. Risk/Reward and Trading Plan
Short Setup:
Entry: Look for short positions between 1.3560 (0.618 Fib level) and 1.3587 (0.786 Fib).
Stop-Loss: Place the stop above 1.3606, just above the LPSY to account for volatility and fake-out moves.
Take-Profit Targets:
Target 1: 1.3535 (0.5 Fibonacci level), representing the first leg of profit-taking.
Target 2: 1.3440 for a deeper retracement and to capture the sell-side liquidity.
Invalidation Point: Any bullish break above 1.3606 would invalidate the bearish setup, as it would signify that the UTAD failed, and the market could enter a continuation of the uptrend.
6. Volume Profile
The Volume Profile shows the highest volume concentration between 1.3545 and 1.3580, indicating that any upward retracement into this zone could face heavy selling pressure. Price is likely to struggle here as this area represents where institutional traders have placed significant orders.
7. Market Bias
The market bias is bearish, given the clear Wyckoff Distribution, BOS, and lower-high structure forming. The primary expectation is a corrective pullback to the 0.618/0.786 retracement zones, followed by a continuation of the downtrend to capture sell-side liquidity at lower levels.
Summary
Bearish Outlook: The market is in a distribution phase and is expected to move lower after a minor retracement.
Key Levels: Watch for resistance at 1.3560-1.3587 and target support levels around 1.3440 to 1.3419.
Risk Management: Use 1.3606 as a stop-loss and aim for a high risk/reward ratio, especially considering the strong volume profile between 1.3545 and 1.3580.
USDCADUSDCAD is trading in strong bearish trend and consistently printing LL LHs. and is about complete ABCD pattern at strong daily resistance level. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the buy momentum continues the next target could be 1.3200
What you guys think of this idea?
USDCAD BUY - FRANKFURT SESSIONBuy setup due to a break of structure, with the higher time frame supply as the main target.
USDCAD H4 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.3490, which is a pullback resistance
Our take profit will be at 1.3421, a swing-low support level.
The stop loss will be at 1.3569, an overlap resistance level close to 61.8% Fibonacci retracement.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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Best Position to Buy It seems, everything is set up for a temporary climb... Buy and be patient... You will be rewarded.
USDCAD ShortUC just gave a bearish sign last week , the upcoming week has to fall down IF it respects the key levels shown on the chart so it has a 55% probability to continue bearish
USD/CAD Bearish Move Big institutional price movements. OANDA:USDCAD .
As you can see there's a lot of rejections.
You are more likely to find a better entry leading to next week for a retest.
Overall, I am fine with the risk fading it right now.
If it does pull back i will add on more to the position.
USDCAD Continued downtrendbearish dollar until election.
Trend lines and Fib levels lined up with S&R.
Let's short it!
UsdCad Trade UpdateSent out an update yesterday for UC explaining my reasoning for going short on the pair. Prices seems to be playing out to the T! I'll personally be keeping my stops in the same spot. With price confirming our flip of structure we could definitely expect price to crash down to 1.34000. From there we can either break that low and continue with bearish structure or respect support and continue ranging between 1.36000 and 1.34000.
USDCAD Will Collapse! SELL!
My dear friends,
USDCAD looks like it will make a good move, and here are the details:
The market is trading on 1.3596 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.3547
Recommended Stop Loss - 1.3624
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
sell usd cadweekly chart is bullish.dayly iss bullish,price must come to a fair area,this case 1hour fvg sell the markert
USDCAD - ANALYSISHello friends
I want to share my opinion about the USDCAD currency pair with you
According to the closing of the weekly candle
I expect the price to drop more than the Canadian dollar I think the best area to sell the Canadian dollar is 1.35900 and my first target for it is 1.3500 .
Trade safe
market analysis 9/24/24Hello all,
here is my analysis for the early Markets some notable possible setups may be coming in to play
with
AUDUSD (Buy)
EURCHF (Sell)
EURNZD (Sell)
EURAUD (Sell)
We now are waiting for a breach in lowest lows or highest highs and a hold before reviewing our technicals once more for entry opportunities
USDCAD: Curve Analysis (1D)The USDCAD on the 1-Day timeframe shows that the pair is hovering in a downtrend, with indicators revealing mixed but predominantly bearish signals.
OSCILLATORS OVERVIEW
The majority of oscillators remain in NEUTRAL territory, suggesting limited momentum in either direction. Key metrics include:
RSI (14) : 39.50 (NEUTRAL)
Stochastic %K (14, 3, 3) : 42.11 (NEUTRAL)
Commodity Channel Index (CCI 20) : −48.23 (NEUTRAL)
MACD Level (12, 26) : −0.0019 (BUY)
Momentum (10) : −0.0096 (SELL)
Notably, the MACD shows a BUY signal, but this is outweighed by the SELL signal from the Momentum oscillator, indicating that short-term buying pressure might be fading.
MOVING AVERAGES
All significant moving averages (both exponential and simple) indicate a strong SELL bias. This aligns with the prevailing BEARISH sentiment. Key moving averages include:
EMA (10, 20, 30, 50, 100, 200): All SELL
SMA (10, 20, 30, 50, 100, 200): All SELL
Ichimoku Base Line (9, 26, 52, 26): NEUTRAL
Hull MA (9): SELL
Price Action appears to have satisfied the Supply Range; however, I have prepared four NEW Sell Limit Orders (SLOs) to capitalize on the possibility of Price Action retracing to the upside. I'm targeting previous Points of Control (POC) and Take Profit Levels.
We still have a couple of Take Profit (TP) levels left to secure during the potential move down. Additionally, two Buy Limit Orders (BLOs) are positioned for a potential recovery at lower price levels.
NEW SELLING OPPORTUNITIES
Based on previous levels
SLO1 @ 1.3754 📉
SLO2: 1.3822 📉
POC @ 1.3667 ⏳, NEW SLO HERE
TP1 @ 1.3625 💰, NEW SLO HERE
POC @ 1.3578 ⏳, NEW SLO HERE
TP2 @ 1.3517 💰, NEW SLO HERE
TP3 @ 1.3437
TP4 @ 1.3313
BLO1 @ 1.3284⏳
BLO2 @ 1.3212⏳
🚫The Stop-Loss (SL) for the pivot high is set at 1.38561, while the pivot low is guarded by a Stop-Loss at 1.3178. This allows for risk management as the market fluctuates within the range.
SUMMARY
USDCAD currently reflects a strong BEARISH sentiment across moving averages, with oscillators providing mixed, yet largely NEUTRAL signals. Price Action nearing any of the New Sell Limit Orders will dictate the next phase, but the DOWNTREND bias remains firm. Stay attentive as price approaches critical zones and prepare for potential downside moves with the predefined SLOs, TPs, and BLOs.
⏳ = PENDING
📈 = BLO TRIGGERED
📉 = SLO TRIGGERED
💰 = TOOK PROFIT
