USDCAD Double BottomUSDCAD will create a double bottom and rise from the support. Buyers must keep an eye on this one. Price should fall next week to support 1.3468
CADUSD trade ideas
USDCAD - Projection 1.3420 If we consider Ichimoku analysis
1. Kumo - price is below the cloud and we should be looking for Short Opportunities. The cloud is thick , but flat in direction. This reflects the September price correction.
2. Tenkan Sen / Kijun Sen - we can see price has moved above the Tenkan Sen ( 9 period equilibrium) and settled at the Kijun Sen ( 26 period equilibrium) . In the medium term , we can say this pair is fairly priced.
3. Chikou - has been trending up for September. It is in open space.
Structural - we can see price has arrived at significant structure at 1.3600 , which is acting an Resistance.
Pivot Points - we can see the Weekly R2 is holding price at bay.
Pattern - there is an obvious Bearish Flag pattern in play - for price candlesticks, Chikou , and RSI.
Catalyst - the obvious fundamental catalyst for a price channel break is the FOMC and anticipated Rate Cut.
From a Technical and Fundamental basis , the bias is SHORT.
Projection - a confluent point of Pivot R2 weekly, the start of the corrective channel , the underlying Demand Zone , and the extremity of volatility ( check Bollinger Bands yourself) =
1.3420 - 1.3440.
USD-CAD Local Short Ahead! Sell!
Hello, Traders!
USD-CAD went up and
Will soon hit a horizontal
Resistance level of 1.3620
From where a local
Bearish correction
Will be expected
Sell!
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USDCAD: Pullback From ResistanceIt is likely that the 📉USDCAD will retreat from a significant intraday resistance level.
I have observed a cup and handle pattern formed, with a confirmed breakout below the neckline.
My targets are at 1.3540 and 1.3467.
Possibility of uptrend Oscillation is expected to form in the current support range. Then the continuation of the upward trend will be likely.
If the price crosses the level of 78.6%, the continuation of the downward trend is likely
USDCADOn the monthly and weekly charts, we have bearish price action.. After a strong bearish run in 2021, the price sought to correct previous imbalance that is about to come to an end. Presently (22.04.2024), we expect price to make one final push higher, thereafter we will be looking for reversal signs.
USDCAD "Loonie" Bank Bullish Side Money Heist PlanHola ola My Dear,
Robbers / Money Makers & Losers,
This is our master plan to Heist USDCAD "Loonie" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Attention for Scalpers : 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.
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 Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis 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.
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SELL USDCAD - trade explained in detailTrader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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Usd/CadThis is a 1hr intra day sell set up . We have reached a daily supply zone so I do expect sellers to come in here. Also , the week is ending tomorrow . Simple set up just use risk management and you are good to go . My stoploss is covering the highs and take profit can be the -0.27 or -0.618 .
USDCAD - Technical Analysis [Long & Short Setup]🔹 USDCAD Analysis on 1HR chart
- The current Trend Seem neutral
- Bearish Divergence is Present
- No Reversal pattern
- Found Harmonics AB=CD Pattern
- Waiting for a Break of Structure for Confirmation Either at Point C or At Point B.
- If point C break we short.
- If point B break we long.
🔹 Trade Plan At Point C
- Entry Level = 1.35589
- Stop Loss = 1.36036
- TP1 = 1.35137
- TP2 = 1.34681
🔹 Trade Plan At Point B
- Entry Level = 1.36297
- Stop Loss = 1.35783
- TP1 = 1.36757
- TP2 = 1.37213
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
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USDCAD SellUSDCAD H1 chart, sell signal. Yesterday bears moved price down, today retested FVG and now they will try to continue downtrend. Risk reward 1:3
USDCAD ANALYSISUSDCAD should see a long bearish move, wait for the break of support and retest of that level holding it as a resistance then look for your entry. I anticipate a long term sell on this.
Also ensure you do your due diligence before taking your trade. Goodluck Fams
USDCAD bulls remain in control The USDCAD pair remains bullish above 1.3545 and may revisit 1.3610 in the next few days. However, a break below 1.3545 could send to 1.3520.
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USD/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USD/CAD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.341 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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USD Simple Trade Plans SeptUSDCAD has rallied on a stronger USD in recent days.
If cuts are not as big as hoped for and BOC keeps its easing cycle, we may see a return slightly higher.
Long term trajectory suggests either outcome, back to highs, or back to lows.
USDCAD focuses on the opportunity of double bottom pattern retraOn the 4-hour chart, USDCAD formed a double bottom pattern and then stabilized upward, with short-term bulls taking advantage. At present, we can pay attention to the retracement position of the upward band of 0.618 ratio (1.3507). If it stabilizes at this position, we can consider going long, and the upward target in the future market is around 1.3700.
USDCAD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.35300 zone, USDCAD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.35300 support and resistance area.
Trade safe, Joe.
USD_CAD SHORT FROM RESISTANCE|
✅USD_CAD has retested a key resistance level of 1.3620
And as the pair is already making a bearish pullback
A move down to retest the demand level below at 1.3540 is likely
SHORT🔥
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USDCAD SELLSelling USDCAD, double top on a resistance level and good candle formation on the second top, though i was late to publish this, but well point made.,, lets see where this one will take us. Trigger out
USD/CAD BREAKER OB ENTRY LONGAs you can see for today we have lots of news for the market in the USA and we have another confirmation for ythe entry that its the orderblock in 30 minutes that now has tunerd into an orderblock new that it s a breakewr block and when the price reetest it we can see a lot of strongs movements
2 Square Set Up UpdatedPrice pulled back into the zone, and we took the trade for a 1:2 RR. I know some of you may say price went through the zone before the pull back even took place which should have invalidated the trade. Remember we only trade NY Session from 8:30am- 11am so what happens before this session doesn't affects the trade. It is still valid.
