Read The USDCAD MarketLet's Look at USDCAD Chart and Read Price Actions in last days to decide what can we do with The Market <3
CADUSD trade ideas
How market worksThis is your blueprint and the only thing you need.
Always after a break the market returns to the zone from where it pushed the market for that break (picture 1) or while returning it decides to reinvest and push the market again and then we can watch the entry from that zone as well (picture 2).
I personally watch the market on 15 minutes. When I look at which zones I'm interested in, I go down to 1 minute and look for an entrance there.
Tomorrow I will explain the entrance on 1 min.
Post analysis 11/19/24Hello and good evening traders,
Thank you for taking the time to join me on our post analysis. We have identified a short opportunity in the USDCAD pair. The reason behind this engagement is the alignment of several key elements.
Firstly, we observed weakness in the fundamentals of the US dollar and strength in the Canadian dollar. Secondly, these fundamentals aligned with our current trend. Thirdly, we experienced proper breaches of the previous session’s highs and lows. Lastly, we were able to gauge the opposition's strength and time an entry based of their lack of ability to perform.
Timing Consideration: Timing was a significant concern, potentially impacting the trade’s advantageousness.
the momentum of the opposing force and ascertain that their strength was waning.
After considering these factors, it became evident that a short opportunity presented itself. However, timing proved to be a more significant concern. If we had given more attention to timing, we may have had the opportunity to select a more advantageous trade. Nonetheless, we ended the day with a positive outcome, presenting opportunities for improvement and enhanced performance in the future.
See you all in the office tomorrow.
Good night,
USD _ CAD _ Active _ Trading _ Under _ Trading _ Venue _ OANDA USD _ CAD _ Active _ Trading _ Under _ Trading _ Venue _ OANDA
Drop to the key level of $1.39135 it may touch the level of 1.39076
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Prices breakdown:
1.39391
1.39451
1.39707
1.40021
1.40208
1.40524
USDCADLooking at USDCAD, the overall order flow remains bullish, but we're currently seeing a retracement. I'm anticipating a continuation to the upside. At the moment, we have an unmitigated demand zone, which is valid due to a liquidity sweep and a change of character originating from this zone. From there, the market created a new high at 1.41053.
Now, we need to fill the inefficiency, wipe out the inducement, and wait for an entry on a lower timeframe once the price taps into our demand zone. Ideally, price will sweep the resting liquidity and take out the internal liquidity, confirming the bullish continuation.
Idea on a tradeUSD/CAD gains ground to around 1.4020 in Tuesday’s Asian session.
The rising geopolitical risks support the USD.
The Canadian CPI inflation report will be in the spotlight on Tuesday.
The USD/CAD pair trades in positive territory near 1.4020 on Tuesday during the Asian trading hours. The resurgence of geopolitical tensions in the Middle East and in the Russia-Ukraine front boost the safe-haven currency like the Greenback. Investors will closely watch Canada’s Consumer Price Index (CPI) inflation data, which is due later on Tuesday.
Citing two US officials familiar with the decision, CNN News reported on Sunday that US President Joe Biden's administration has authorized Ukraine to use US arms to strike inside Russia in a significant reversal of Washington's policy in the Ukraine-Russia conflict. Investors will monitor the development surrounding geopolitical risks. Any signs of escalation could lift the US Dollar (USD) against the Loonie.
potential trades to develop 11/19/2024Welcome back,
In this video, we provide a detailed analysis of the volatility that occurred in our previous submission. The volatility peaked at 6:30 p.m. and was directly attributed to the release of fundamental news information regarding the USD and CAD currencies.
Following this development, we conducted further research to assess the potential impact of the volatility on trade opportunities. Utilizing correlation analysis, we identified that the USD experienced significant weakness, while the CHF, despite its weaker position on the chart, outperformed most of our weaker currencies, including AUD, GBP, and USD.
Based on these findings, we remain vigilant for further market developments. Should we identify a suitable trade opportunity, we will provide a comprehensive explanation of our decision-making process. Subsequently, we will conduct a thorough post-analysis to assess the outcome of the trade.
We anticipate your continued interest and look forward to sharing our insights with you.
Trading USDCAD and AUDUSD | Silver Bullet Strategy 18/11/2024The Silver Bullet strategy, introduced by the Inner Circle Trader (ICT), aims to exploit certain market conditions within specific time frames. It involves strategically placing entries at the initial fair value gap that emerges within these periods. Yesterday, we executed trades using this strategy and we plan to show you how to incorporate this strategy into your trading toolkit.
Firstly, it's crucial to understand what a Fair Value Gap (FVG) is and recognize the optimal time to look for these trades, which is between 10:00 and 11:00 EST. In order to get into the groove of trading we got to our trading desk at 09:55 and with the help of the sessions indicator we have the our trading zones mapped out for us. It should be noted that the initial candle marking the start of a trading session cannot constitute the Fair Value Gap (FVG), but it can serve as the first candle in the formation of an FVG.
The trading session began, and we were scouting for setups to trade using the silver bullet strategy. After 15 minutes, we noticed a Fair Value Gap (FVG) had formed on the USDCAD pair, which drew our attention to it.
This development indicates that we should be on the lookout for potential selling opportunities this trading session. We must wait for price to retrace back to the FVG and only execute a trade after the candle that enters the FVG has closed. This approach helps us avoid trades that enter the FVG and immediately hit our stop-loss. After 10-minutes we got a retracement into the Fair Value Gap (FVG), and given that price did not surpass the high of the first candle in the FVG formation, we can enter this trade. A 10 pip stop loss will be set to provide sufficient room for the trade to develop.
After initiating the trade, our USDCAD position experienced minimal drawdown, and by 10:35, it was progressing favorably in our desired direction. Simultaneously, we were evaluating potential setups on other currency pairs and observed the formation of a Fair Value Gap (FVG) on AUDUSD.
The next candle retraced into the Fair Value Gap (FVG) created on the AUDUSD pair, indicating that upon its close, we could execute a trade on this pair.
The USDCAD position swiftly hit the take profit (TP) target. Within just 25 minutes, we completed this trade and shifted our focus to the other open position, AUDUSD. The AUDUSD position was also moving favorably in the direction we anticipated.
After a period of waiting, we checked the position and found that it had reached the Take Profit (TP) after two hours. We succeeded in both trades we entered yesterday, risking 1% on each and aiming for a total gain of 4%. As observed, both trades experienced minimal drawdown, but this does not guarantee similar entries in the future. It is advisable to backtest this strategy and collect sufficient data to reinforce your confidence should you choose to trade using this strategy.
USDCADafter a huge tanking path, consolidation at that level, if USDCAD tends to make minor lower highs and hitting the support multiple times, a small consolidation and v-formation gives a short signal there.
Buy USDCAD @1.402USDCAD Pair is still in an uptrend, we did not get lucky on our last trade. Based on my analysis this pair will bounce according to the trendline on the chart. US Economy will go positive because of the changes of the US president will implement in the coming days.
Share your thoughts, This is not a financial advice, Trade wisely.
USDCAD Nears May 2020 High Amid Slumping Oil PricesThe USD/CAD currency pair is overbought, as signaled by the RSI and Stochastic indicators. The pair has the potential to consolidate near 1.395 if the 78.6% Fibonacci level holds as resistance.
On the other hand, the uptrend will likely resume if USD/CAD bulls can close and stabilize prices above the 1.409 mark.
Article: fxnews.me
Possibility of uptrend According to the behavior of the price at the specified resistance levels, the possible scenarios have been specified. Probably, it will be possible to continue the upward trend until the 100% level
USD/CAD continue with the UptrendOn USD/CAD , it's nice to see a strong buying reaction at the price of 1.40460.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
FVG + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
USDCAD BULLISH SETUPAbove this high we wait for a solid BOS, the nature of a candle close will dictate if we commit to the setup.
We are looking for a candle that fully breaks above, the structure, With the body close above the structure.
This will be an impulsive move.
We identify a market structure that formed prior to the break, and that will be our entry position.
Be sure to use your hard learnt skills to look for an entry around this area. Which will be our POI.
USDCAD Bullish setup.Above this high we wait for a solid BOS , the nature
of a candle close will dictate if we commit to the
setup
We are looking for a candle that fully breaks above the structure With the body close above the structure .
This will be an impulsive move.
We identify a market structure that formed prior the
break , and that will be our entry position.
Be sure to use your hard learnt skills to look for an
entry around this area. Which will be our POI.
Read The USDCAD MarketLet's Look at USDCAD Chart and Read the Price Action to find some trade opportunities, Good Luck With Your Trades <3
USDCADThe U.S. dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed expectations of future interest rate cuts and with the view that President-elect Donald Trump's policies could be inflationary.
USDCAD LONG TERM VIEWIf the price has to reverse then it should reverse from the point where it is currently trading (1.3628), beyond this point price will move to 1.3794 from where it can reverse back to 1.3380 which could be strong support for the huge rally that could lead to break the last high of 1.4677 and can set a new record high. The dotted red lines indicates the possible resistance points. The solid red line is the strong resistance line, above that point will open the way up to 1.3988 and beyond.
USDCAD LONG TRADEExecute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
GBPUSD Wave Analysis 14 November 2024
- GBPUSD reversed from strong support level 1.2665
- Likely to rise to resistance level 1.2840
GBPUSD currency pair recently reversed up from the strong support level 1.2665 (former monthly low from August), standing close to the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from April.
The upward reversal from the support level 1.2665 created the daily Japanese candlesticks reversal pattern Hammer Doji.
Given the strength of the support level 1.2665 and the oversold daily Stochastic, GBPUSD currency pair can be expected to rise to the next resistance level 1.2840, former support from the end of October.
USDCAD CONTINUES UPTRENDUSDCAD is rising printing higher highs and higher lows on daily hourly time frame. Good opportunity for buying at current level price has come down a bit which is a buying opportunity.
USDCAD BULLISH OPPORTUNITIES CANDLE CLOSED ABOVE THE IDENTIFIED RESISTANCE ZONE
We wait for a retest and mitigation on the corrective structures zone on the same
Impulsive leg.
Since today there are high impact news, probable wait or a reentry around the area identified, to acquire the volume for a bullish push.
USD / CAD POTENTIAL BULLISH OPPORTUNITIY.
DESCRIPTION:
As we can clearly see USD / CAD in a simple trading feature has broken the very strong resistance on a very strong weekly TF.
The pair has retested the broken area then rapidly moved up ( break and retest ) as we understand it , giving us further indication that this is no fake out or there is potential to look for bullish gain.
200 and 50 EMA are below the range further solidifying for this pair momentum.
Lastly again a demand zone after break and retest has also been broken and the price again went up , giving us a extra strong hint of price future direction.
A potential to go long is there , I will be looking to enter on smaller TF , on given opportunities.
