UsdcadWaiting for this push on this pair ,nothing different on this outlook ,just being careful till i get the break and retest to the downside.
CADUSD trade ideas
Use This Price Action Strategy For Consistent Trading (USDCAD)In 8 different instances, you could have been easily right.
The USDCAD has drifted up, down, sideways at times.
No real sentiment shift to cause massive favour over either currency.
Here's how to make it easy.
#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.
USDCAD BuyI expect an aggressive drop on USDCAD into a very pivotal zone that will initiate the the start of a very long, swing buys.
The ash rectangle is my zone or watch area.
Ensure you blend with your concept and make good use of the info.
USD/CAD - Swing Trade - Trendline breakTrendline Break Play:
1.Wait for a valid trendline break on a higher timeframe (e.g., 1-hour chart).
2.Wait for Closure Above 1-Hour Resistance:
Wait for a full candle to close above this resistance to ensure a genuine breakout.
3.Wait for Retest of Support:
After the breakout and closure above resistance, wait for the price to retrace.
The previous resistance should now act as support.
4.Take Entry on Support:
Enter the trade when the price touches the newly formed support.
5.Risk Management:
Place a stop loss below the retested support level, giving some buffer to account for volatility.
IDEA USDCAD LONG POSITION HI TRADERS
Pair : USDCAD
Position : LONG ( BUY )
Entry Price : 1.35710
STOP LOSS @ 1.35610
TP 1 @ 1.35810
TP 2 @ 1.35910
TP 3 @ 1.36010 ( Trailing SL )
USDCAD SELLFrom H1 chart BSL was taken that cause a complete CHOCH in the market with a consolidation phase, and now the BSL on M15 is also taken targeting the SSL to be taken out. Also tomorrow there's Red Folder event on CAD (i.e. CPI)
Entry @ 1.35952
SL 1.36092
TP 1.35183
usdcadlower time frames is always 4 ideas ,these 4 arrows are them... focus on the best quality setups and everything will flow smooth.
USDCAD CPI NEWS FOLLOW MEIF YOUWANT TOEARNHi guys, I think USDCAD is making a move like this. I hope it reaches the price we set before the inflation data
usdcad weekly structure showing bearish signs, brake and retest to the downside, this is inverted scale so it looks like a great opportunity to trade. Both blue boxes are Candle patterns that are repeating history. Remember this is inverted scale ...
USDCAD Short Looking for a short entry also on this instrument, waiting for the market to complete the double top pattern before I go in for a sell.
MarketBreakdown | USDCAD EURNZD, GBPCAD, GBPCHF
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ USDCAD daily time frame 🇺🇸🇨🇦
The pair is currently consolidating within a horizontal range on a daily.
I am waiting for a breakout of a one of the boundaries of the range
to confirm the future direction of the market.
I think that the price may keep coiling before the FED rate decision on Wednesday.
2️⃣ EURNZD daily time frame 🇪🇺🇳🇿
Similarly to USDCAD, EURNZD is also in a deep consolidation.
The pair trades in sideways for many days, perfectly respecting the same
horizontal resistance and support.
Our trigger and the signal will be its breakout.
3️⃣ GBPCAD daily time frame 🇬🇧🇨🇦
We see a violation of a significant daily horizontal resistance and a formation of a new year's high.
It indicates a clear strength of the buyers and a highly probable further bullish continuation.
I will look for a retest of a broken structure to buy from there.
4️⃣ GBPCHF daily time frame 🇬🇧🇨🇭
I see a confirmed breakout of a resistance line of a falling parallel channel.
With a high probability, the price will go up after its retest.
Do you agree with my market breakdown?
❤️Please, support my work with like, thank you!❤️
USD/CAD H4 | Potential bearish reversalUSD/CAD is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.3614 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 1.3717 which is a level that sits above the 50.0% Fibonacci retracement level and an overlap resistance.
Take profit is at 1.3493 which is a swing-low support.
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Correction A corrective trend is expected to form up to the specified support range. Then, according to the behavior of the price in the support range, possible scenarios have been determined
USD/CADComplete analysis of the US dollar against the Canadian dollar
1- A general upward trend on a daily basis
2- Saturation on the RSI indicator
3- The appearance of divergence on the MACD
4- The emergence of strong demand trends
So we try to look for strong buying areas only
USDCADWE looking for long term buying opportunities as we are still inside the bullish trend resulting in a correction first before the impulse of buys to the upside| 1H TIMEFRAME
USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.35750 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.35750 support and resistance area.
Trade safe, Joe.
UsdCad Trade IdeaI have 2-3 other set ups but they aren't as solid as the ones I'm posting so the last set up I'll be looking at for now is shorts for Usdcad. Price is still overall BEARISH. If price can break below the level I have marked up where the current price is then we can expect price to keep those bearish structures and could expect price to crash back down to 1.34398. The higher low is technically around 1.35460 so I'll definitely be patient with this set up. I may even wait for that level to get broken and retested before possibly shortening this pair. We'll see.
Buy for USDCAD With divergence looking to give up an entry for us, we can take advantage of a intraday discount this false dollar push. Sl shown in not reflective of my account. Trade safe, Trade Smart, Trade Drippy!
Usdcad weekly time frame forecast monthly ob ready to big drop Usdcad weekly time frame forecast monthly ob ready to big drop .we have in weekly time frame breaker block so we are expecting big bearish are you ready ?
USDCAD Is Very Bearish! Sell!
Take a look at our analysis for USDCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.358.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.355 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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ANTICIPATING TRADES BY APPLYING TRADING STRETEGYAnalysis of USDCAD Forex pair carried out on 12 Sep 2024 by applying following trade strategy:-
1. Bullish trend
2. Bearish Divergence
3. No continuation pattern
4. Double Top reversal pattern formed
5. Bearish Harmonics pattern AB=CD pattern formed and chart near point D, PRZ
6. Anticipated that chart will go bullish by making LHs & LLs
7. Initiated two trades on MT4 by marking sell stop on break out of LL and stop loss at HH as still no LH is formed
